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Full-Time
On-Site

Senior Analyst, Enterprise Model Risk Management

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Description

The Senior Analyst, Enterprise Model Risk Management will be part of the Group Risk Management (GRM) team. This role involves executing and documenting the validation of the Bank's enterprise-wide credit risk rating systems and methodologies, specifically focusing on Retail and Wholesale credit risk systems, including parameters like Probability of Default (PD), Loss given Default (LGD), and Exposure at Default (EAD) used for regulatory and economic capital. The individual will also develop and implement tools for credit risk system validation and provide robust analyses of risk quantification.

What We're Looking For

Perform ongoing Wholesale and Retail credit risk systems, acquisition & account management models, and parameter validations, providing insightful analysis.,Execute a wide range of data reconciliations and analyses using various statistical techniques for validation purposes.,Execute and document quantitative and qualitative tests, reviewing the logic and conceptual soundness of credit risk rating systems, acquisition & account management models, parameters, and their inputs, including accuracy, sensitivity, back-testing, and benchmarking.,Develop and enhance approaches tailored to timelines and data availability, utilizing detailed or 80/20 solutions, and quantitative and/or qualitative approaches.,Deliver validation findings and elicit feedback and remediation action plans/solutions from model stakeholders.,Ensure project and risk objectives are accomplished within approved timeframes and comply with regulatory requirements, model risk policy, and model operating standards.

Ideal Candidate

Graduate degree in a quantitative discipline such as computer science/information system, statistics, econometrics, and/or a relevant professional qualification.

Minimum Education

Graduate Degree

Hard Skills

SAS
SQL
Excel
Python
MatLab
Quantitative Methods

Soft Skills

Communication (verbal and written
complex concepts to non-technical audience)
Conceptual thinking
Analytical
Detail-oriented
Problem-solving
Ability to work with large volume of data
IT infrastructure familiarity
Urgency
Quality
Efficiency
Adaptability
Teamwork
Proactive learning

Work Hours

37.5 hours/week

Benefits

Comprehensive Total Rewards Program (including bonuses and flexible benefits)
Competitive compensation
Leadership support for development (coaching and managing opportunities)
Dynamic
collaborative
progressive
and high-performing team environment.

About the Company

R

Royal Bank of Canada

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. As Canada's largest bank, it provides personal and commercial banking, wealth management, and capital markets services to over 17 million clients worldwide.

Purpose-driven
Inclusive
Innovative
Collaborative
Professional
View all jobs at Royal Bank of Canada

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