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Job Description
What is the opportunity?
The Associate Director, Capital Insights and Research within RBC's Financial Resource Optimization (FRO) group analyzes regulatory capital data and develops models to project the Bank's capital floor (standardized risk weighted assets) over a horizon of 3-5 years, delivers data-driven insightful analytics on the Bank's capital and related ratios, metrics and KPIs, identifies, leads and executes capital optimization initiatives opportunities and executes on the initiatives in collaboration with various stakeholders across the Bank; performs insightful peer benchmarking and Researches on market intelligence and best practices ; as well as performs and communicates quantitative analyses related to capital implications of business strategies, transactions, capital initiatives, stress testing, financial crisis plans, and regulatory and accounting changes.
This position's deliverables have high visibility with senior executives. They also form the basis for proactive decision-making related to the Bank's capital activities.
What you will do?
Capital Analytics & Insights:
- Develops models to project the Bank's capital floor and monitors floor movement period over period
- Assesses the impacts of business strategies and transactions, capital actions and future regulatory and accounting changes on regulatory capital position and related KPIs
- Analyzes and responds to periodic and/or ad-hoc requests, reports and reviews requested by management, regulators and businesses
- Maintains robust and up-to-date playbook and impact assessment of stress testing and Recovery and Resolution Plan management actions
- Leads the preparation, estimation, forecasting and benchmarking of RBC's G-SIB score and drivers
Capital Optimization:
- Performs analytics to identify capital optimization opportunities (with a focus on capital floor) to build our optimization pipeline and ensure capital efficiency. This involves analyzing data and rules, with technical support from the capital measurement, product leads and business solutions teams
- Performs deep-dive insightful data analytics on positional and portfolio capital requirements and trends to identify and remediate inefficiencies
- Collaborates with various stakeholders in FRO and Group Risk Management to ensure timely and effective implementation of optimization initiatives
- Provides technical support and guidance to internal stakeholders on capital optimization initiatives in partnership with capital measurement team and parameter estimation team in Group Risk Management
Research & Benchmarking:
- Researches best practices through benchmarking with peers and seek market intelligence on capital optimization actions
- Provides accurate and timely capital metrics reports and communicates key drivers of periodic variances
- Leads the preparation, production and review of periodic capital analytics and benchmarking reports (Pillar 3 benchmarking and scenarios, G-SIB, Capital Metrics, etc.)
- Provides meaningful insights on drivers of major differences among the banks' capital profile, requirement and composition
- Liaises with stakeholders regarding data quality, reporting inquiries and drivers
- Identifies opportunities to improve processes, drive efficiencies and enhance internal controls
What you need to succeed?
Must-have:
- Bachelor's degree or greater (e.g. Business, Accounting, etc.)
- Data mining and visualization skills (R, Python programming, SQL, data cleaning and preparation)
- Accounting designation such as CPA (CA) and/or CFA, FRM
- 2 years+ progressive experience in a related field
- Excellent research and analytical skills
- Strong team player and communication skills
- Advanced skills in spreadsheet design and building presentations
- Proven strong ability to work across business platforms
Job Skills
Analytical Thinking, Analytics Insights, Benchmarking, Critical Thinking, Decision Making, Financial Analysis and Reporting, Long Term Planning, Metrics Development, Researching, Risk Management, Strategic Thinking, Treasury ManagementAdditional Job Details
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