Job DescriptionWhat is the opportunity?The Associate Director, Credit Modeling & Methodology will support the model development team responsible for developing credit risk models and analytics tools used in the measurement of Expected Credit Loss, Provision for Credit Losses, Allowance for Loan and Lease Losses as well as for Stress Testing purposes.
This role will assist the Director, Credit Modeling & Methodology in various model development initiatives spanning from data engineering (in order to construct the modeling data), development of modeling methodologies, model testing and implementation.
We are looking for a bright, committed, high-performing individual to become a key contributor on the model development team. The preferred candidate should have a quantitative background and will be a key contributor in model development processes. We are a team that prides itself in high quality work with significant impact across the bank and continuous interaction with other groups, senior management and regulators. Given the nature of our work, the opportunity to learn, grow and expand your network is significant.
What will you do?- Develop, document, and implement Credit Risk Models for use in IFRS-9, CECL, CCAR, Stress Testing (EWST, MST).
- Identify, communicate and troubleshoot modelling challenges, including related to data quality.
- Deliver sound quantitative methodologies and the results from employing them.
- Be agile in response to evolving model user requirements and competing priorities.
- Conduct model development work with strong attention to detail; validate material model assumptions and limitations and identify potential errors before they arise.
- Present quantitative materials, concisely and accurately, internally as well as to key stakeholders.
- Support Business Review, Model Validation, User-Acceptance Testing, Internal Audit and External Audit or Regulatory Review of Credit Risk Models.
- Develop an organizational awareness, understanding process flows of data through model development through model users and impact to key business stakeholders.
- Provide comprehensive documentation as a key component of the work product.
What do you need to succeed?Must-have- Master's degree in quantitative field of study or equivalent
- Strong predictive modeling background and analytical problem-solving skills
- Strong communication skills
- Effective in translating technical expertise into business language that drive insights
- Hands-on experience in SAS, Python or similar tools; expertise with MS Office Suite.
Nice-to-have- Experience in credit risk modelling; familiar with financial credit products and relevant regulatory guidelines (e.g. IFRS9)
- Expertise in navigating an Enterprise Data Warehouse, experience with Hadoop environments, R or other tools
What's in it for you?- A comprehensive Total Rewards Program
- Leaders who support your development through training and coaching
- Work with a dynamic, collaborative team with ability to make a difference
Job SkillsClient Counseling, Competitive Markets, Critical Thinking, Financial Instruments, Financial Regulation, Investment Risk Management, Long Term Planning, Quantitative Methods, Risk Management
Additional Job DetailsAddress:RBC CENTRE, 155 WELLINGTON ST W:TORONTO
City:Toronto
Country:Canada
Work hours/week:37.5
Employment Type:Full time
Platform:GROUP RISK MANAGEMENT
Job Type:Regular
Pay Type:Salaried
Posted Date:2026-07-07
Application Deadline:2026-07-21
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
