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Job Title
Job Description
What is the Opportunity?
As Senior Manager, Portfolio Management & Analytics, you will report to the Director, Portfolio Mgmt and Analytics. The Senior Manager will have full ownership of Stage 3 Provision for Credit Losses (PCL) portfolio analytics for the retail Credit Cards portfolio, identify trends, develop insights and new methods to assess PCL per evolving regulatory requirements, and make recommendations to Portfolio Management & Credit Strategies (PM&CS) on performance and loss forecasting.
This role gives the incumbent the opportunity to build on these strengths: cross-enterprise mindset, understanding of consumer behavior and RBC risk appetite, and adaptability to the dynamic credit environment. This position specializes in insight-generation through in-depth portfolio analytics with a focus on Stage 3 PCL.
What will you do?
- Lead reviews around Stage 3 PCL portfolio analytics for Cards and identify trends that support recommendations on PCL mid-month and month end estimates sent to P&CB and GRM Senior Management, Five Year Outlook, Annual Plan and quarterly forecast.
- Lead deep dive analytics and provide early warning indicators to facilitate recommendations for areas of concern to highlight to executives.
- Develop enhanced monthly dashboard that provides transparency on Stage 3 PCL performance for increased awareness of senior leadership around the largest portfolio within Canadian banking balance sheet.
- Lead, as subject matter expert, in all manner of data mining activities towards PCL applications (activities include, but are not limited to: data analysis, aggregation, interpretation, and recommendation).
- Lead preparation of Executive level presentation for PMCS, GRM and Sr. Management and Investor Relations which provides an early quarterly view of emerging Cards credit risk profile.
- Assist Sr. Director, Portfolio Management & Analytics in preparing Executive level presentations for VP PMCS to present at P&CB Operating Committee’s Credit Risk Update.
- Support action plans through to implementation
- Develop and execute routines to measure and monitor effectiveness of policy and process changes to determine success and make adjustment recommendations where required
- Support PM&CS initiatives, analytics, and adhoc requests as required
What do you need to succeed?
Must-have
- Degree in Economics, Statistics or other quantitative field of study
- Excellent interpersonal and communication skills (oral and written)
- 5+ years related work experience with SQL, SAS or equivalent programming experience, and proficiency in MS Excel and PowerPoint
- Ability to be effective and equally conversant in business and technical environment
- Proven analytical skills
- Strong understanding of consumer behavior and credit risk
- Proven ability to connect process, policy, system, and data together and establish impact when any of the above changes
- Collaborative and supportive attitude
- Creative thinker to solve complex problems
- Ability to impact and influence is critical as this is a leadership position
Nice-to-have
- Knowledge of Teradata, DB2, Oracle, Tableau, Python
- Working knowledge of Personal Financing Products.
What’s in it for you?
We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.
- A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation
- Ability to make a difference and lasting impact
- Work in a dynamic, collaborative, progressive, and high-performing team
- Opportunities to take on progressively greater accountabilities
- Leaders who support your development through coaching and managing opportunities
Job Summary
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Inclusion and Equal Opportunity Employment
At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.
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