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Senior Manager/ Manager, Risk Modeling and Machine Learning

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RBC

17d ago

Applications are closed

  • Job
    Full-time
    Mid Level
  • Data
    Banking & Finance
  • Toronto

Requirements

  • Must-have
  • University Degree, preferably graduate in computer science / actuarial science / mathematics / statistics / physics / engineering or related quantitative field
  • 4+ years working experience in advanced statistical methods (logistic/linear regression, survival analysis, optimization, time-series forecasting, supervised/unsupervised machine learning)
  • Expert in data manipulation on large datasets with advanced programming skills (SQL, SAS, Python, R, Spark)
  • Exceptionally strong conceptual, analytical and problem solving skills combined with strong written and verbal communication skills, especially in explanation of complex concepts to a non-technical audience
  • Nice to have
  • Financial Risk Manager (FRM) / Chartered Financial Analyst (CFA) / Society of Actuaries (SOA) designation is preferred
  • Knowledge of bank retail products and credit lending processes, working experience with financial and credit bureau information
  • Knowledge on data access, data modeling, data architecture and data storage techniques
  • Experience in automation and scheduling of data pipeline for end-to-end modeling solutions

Responsibilities

  • Develop predictive risk models that support credit decisions in Portfolio Management and Credit Strategies (adjudication, account management and collection)
  • Responsible for end-to-end project management, continuous interaction with key stakeholders & comprehensive model documentation
  • Resolve issues raised by independent validation, Internal Audit and ongoing model monitoring
  • Responsible for documentation related to existing models (annual assessment and re-validation, model updates)
  • Monitor existing models, identifying potential weaknesses and limitations, conduct deep dives if necessary
  • Explore and leverage best practices in model development and management
  • Make decisions on technical details around the modeling solution, development, ongoing management and deployment of models

FAQs

What is the job title for this position?

The job title is Senior Manager/Manager, Risk Modeling and Machine Learning.

What department is this position in?

This position is in the RBC Risk Modeling and Machine Learning team.

What are the primary responsibilities of this role?

The primary responsibilities include developing predictive risk models, managing end-to-end project processes, and monitoring existing models for weaknesses.

What qualifications are required for this position?

A university degree in a quantitative field, 4+ years of experience with advanced statistical methods, and expertise in data manipulation are required.

Is a specific professional designation preferred for this role?

Yes, designations such as Financial Risk Manager (FRM), Chartered Financial Analyst (CFA), or Society of Actuaries (SOA) are preferred.

What programming languages should candidates be proficient in?

Candidates should be proficient in SQL, SAS, Python, R, and Spark.

What type of work environment does this position offer?

This position offers a collaborative, agile, and high-performing work environment.

What benefits are included with this role?

The role includes a comprehensive Total Rewards Program, opportunities for development through coaching, and the chance to make a difference in the organization.

Where is the job located?

The job is located at RBC Waterpark Place, 88 Queens Quay W, Toronto, Canada.

What is the work schedule for this position?

The work schedule for this position is 37.5 hours per week.

What is the employment type for this role?

The employment type for this role is full time.

What is the application deadline for this job?

The application deadline is October 11, 2024.

Does RBC support diversity and inclusion in the workplace?

Yes, RBC is committed to building inclusive teams and an equitable workplace for all employees.

Are there opportunities for career advancement in this role?

Yes, there are opportunities for career advancement through development and management opportunities.

How can candidates stay informed about job opportunities at RBC?

Candidates can stay informed by joining the RBC Talent Community for updates on job opportunities and recruitment events.

RBC

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Finance
Industry
10,001+
Employees
1864
Founded Year

Mission & Purpose

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 88,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact.