Associate Director, Credit & Stress Testing Controls

Job Description

What is the opportunity?

The Associate Director, Credit & Stress Testing Controls reports to the Director Credit & Stress Testing Controls. You will apply your business knowledge and controls experience within financial reporting or risk management to work closely in support numerous stakeholders and Senior Directors across both the Stress Testing and Credit Analysis and Measurement (STCAM) team as well as the Credit Modelling and Methodology team (CMM).

You will be responsible to provide ongoing control support for Expected Credit Loss (ECL) ongoing programs and change initiatives including IFRS 9, and US Programs including CCAR (Comprehensive Capital Analysis & Review) and CECL (the US expected credit loss accounting standard) and other initiatives.

What will you do?

• Provide subject matter expertise in the identification, design and management of internal controls associated with processes managed by STCAM and CMM. This includes providing risk and control leadership over processes such as model development, system infrastructure, information and data management, processing and execution, as well as general governance
• Provide direct support to ECL teams and stakeholder groups (e.g. finance, IT, corporate treasury and other risk teams) to actively assess, develop and implement controls to meet internal (e.g. RBC’s Internal Controls Management Policy) and external (e.g. SOX) control requirements
• Actively seek to simplify and streamline processes and key controls to improve agility and effectiveness of underlying activities for BAU programs such as IFRS 9 and CCAR
• Coordinate closely with internal and external auditors to support their independent oversight roles related to STCAM and CMM deliverables, and to monitor and report on operational risk and audit issues impacting the group
• Work with various second lines of defense teams, SOX Office/Finance, Internal Audit, regulatory bodies, and External Audit to provide efficient level of support, coverage and coordinated assurance
• Coordinate with subject matter experts such key business and operations leads and testing specialists to ensure controls are implemented and operating effectively
• Coordinate team efforts surrounding key deliverables and project timelines and manage conflicting priorities across the Stress Testing and Credit Impairment processes
• Critically assess, problem solve and document key deliverables in order to meet internal and external stakeholder expectations
• Prioritize and facilitate responses to queries and ad hoc requests coming from internal and external stakeholders

What do you need to succeed?

Must have

• 5+ years of controls work experience in analytical work with a financial institution. Other industry experience will be considered based on applicability. University degree in business or related discipline and/or MBA, CA/CPA, CISA or other financial or professional related qualification
• Cross-functional capability, with good business, risk, and regulatory requirement knowledge in more than one of the following risk areas: IT risk, market or trading risk, credit risk, structural interest rate risk, and liquidity risk. Strong knowledge of best practices regarding Operational Risk practices in a financial institution
• Experience understanding data and related analysis including general knowledge of related IT systems and controls. Working knowledge of Excel, Word, PowerPoint and SharePoint
• Ability to quickly grasp new concepts, especially in the field of risk management and finance/accounting ( e.g. IFRS 9, CECL)
• Strong knowledge of regulatory requirements and best practices related to SOX, internal audit and/or COSO
• Conceptual thinker with a curious mind to challenge and question the status quo and the ability to creatively apply Operational Risk Management Frameworks and Standards

Nice to have

• Experience in working with controls over IT system or coding (SAS/Python) considered a plus

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
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in an agile, collaborative, progressive, and high-performing team
• The opportunity to interface with senior level executives from many different parts of the organization

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JOB SUMMARY
City: Toronto
Address: 155 Wellington St. W
Work Hours/Week: 37.5
Work Environment: Office
Employment Type: Permanent
Career Level: Experienced Hire/Professional
Pay Type: Salary + Variable Bonus
Required Travel (%): 0
Exempt/Non-Exempt: N/A
People Manager: No
Application Deadline: 10/02/2020
Platform: Group Risk Management
Req ID: 275716
Ad Code(s):