Senior Manager/ Manager, Risk Modeling and Machine Learning

RBC

3mo ago

Applications are closed

Job
Full-time
Mid Level
Data
Banking & Finance
Toronto

Requirements

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
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 main responsibility of the Senior Manager in Risk Modeling and Machine Learning?

The main responsibility includes managing, monitoring, and building predictive risk models that support retail and small business credit strategies in personal banking.

What skills are required for this position?

Required skills include advanced statistical methods, programming skills in SQL, SAS, Python, R, or Spark, and exceptional conceptual, analytical, and communication skills.

Is a specific educational background necessary for this role?

Yes, a university degree in computer science, actuarial science, mathematics, statistics, physics, engineering, or a related quantitative field is preferred.

What type of experience is necessary for applicants?

Applicants should have at least 4 years of experience in advanced statistical methods and data manipulation on large datasets.

Are there any preferred qualifications for candidates?

Preferred qualifications include financial designations such as FRM or CFA, knowledge of bank retail products, and experience with financial and credit bureau information.

What opportunities for professional growth does this job offer?

The job offers opportunities to interface with executives, work in a collaborative team, and explore the latest machine learning algorithms.

What is the employment status for this job?

The position is a full-time role with salaried pay.

What is the work location for this position?

The work location is at RBC Waterpark Place, 88 Queens Quay W, Toronto, Canada.

What are the work hours for this job?

The work hours are 37.5 hours per week.

When is the application deadline?

The application deadline is October 11, 2024.

Is support for diverse candidates a priority for this company?

Yes, RBC is committed to diversity and inclusion, aiming to build inclusive teams and provide accommodations for candidates with different abilities during the recruitment process.

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.