Associate Director - U.S. Credit Risk Review

About the role

RBC is hiring an Associate Director for its Credit Risk Review (CRR) team in Toronto. The role provides independent, objective evaluations of credit risk management practices, covering Wholesale and Wealth Management portfolios in the United States, and works with bankers, senior leadership, regulators and auditors. It leads and takes part in Target Reviews, Continuous Monitoring Reviews, Risk Assessments and other ad hoc credit projects.

Key responsibilities

• Lead and take part in CRR reviews of the Wholesale and Wealth Management portfolios, assessing risk rating accuracy, underwriting and portfolio management, emerging risks, regulatory compliance and adherence to RBC policies.
• Provide coaching, mentorship and performance feedback to junior team members.
• Execute the risk-based annual plan with CRR leadership and stakeholders, and assess borrower and portfolio-level credit risk, recommending remediation.
• Evaluate and recommend improvements to risk frameworks, governance and internal processes.
• Interface with internal and external stakeholders on risk identification, documentation and resolution, and explore ways to use data and analytics to improve CRR.
• Collaborate with credit risk stakeholders across all three lines of defense.

Required profile

• 7+ years of experience in wholesale credit in an underwriting, adjudication, credit risk review, audit, consulting or regulatory capacity.
• Strong knowledge of capital markets, lending products and regulatory guidance.
• Nice to have: graduate degree (e.g. MBA, MSc Finance or Economics) and a regulatory background in supervision and regulation.

Required skills

• Credit analysis and risk management
• Business data analysis, database queries and data visualization
• Strong negotiation, oral and written communication skills

What we offer

• Total rewards program with bonuses and flexible benefits, and competitive compensation.
• Development coaching and opportunities to do challenging work in a collaborative team.
• Flexible work/life balance options.