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Job Summary
integral part of the overall CCAR process.
*This individual will develop and maintain quantitative models and
qualitative methodologies with firm specific business drives that will be
used in the annual CCAR exercises.
*Further, this individual will be responsible for all required statistical testing,
model monitoring, documentation, and implementation of PPNR Models.
Job Description
What will you do?
Assist with the design, build, and implementation of various statistical and econometric models in R along with supporting technical infrastructure to forecast the stress scenarios for PPNR components for the RBC IHC entity - 15%
Assist with the design, implementation and maintenance of regression and non-regression model approaches in R. - 15%*
Maintain existing R Markdown documentation process for all relevant PPNR documentations - 30%
Aid in translating business and economic drivers into financial statements impact using non-regression analytics approach - 5%
Assist in the automation of enhancement of tools used for PPNR forecasting related to CCAR- 10%
Support ad-hoc analysis, development model documentation, review and challenge decks and other supporting documentation to meet CCAR requirements - 15%
When required, interface with front office business teams to ensure business engagement at all levels of the development process - 5%
Analyze and recommend enhancements to existing firm processes to streamline model approach or enhance overall quality and accuracy of the process - 5%
What do you need to succeed?
Bachelor's Degree (master's or PhD. Preferred)
Minimum 5 years recent relevant experience
Quantitative modeling (R)
Experiences in R, or another analytical tool
Knowledge in trading portfolios and wealth management
Financial Statements analysis
Strong computer skills in organizing and manipulating large amounts of data (Advanced MS Excel, R,)
Strong written communication skills
In-depth CCAR/PPNR experience
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, commissions, and stock where applicable
Leaders who support your development through coaching and managing opportunities
Ability to make a difference and lasting impact
Work in a dynamic, collaborative, progressive, and high-performing team
Opportunities to do challenging work
Opportunities to build close relationships with client's
The good-faith expected salary range for the above position is $110,000 - $180,000 depending on factors including but not limited to the candidate's experience, skills, registration status; market conditions; and business needs.This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.
RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:
* Drives RBC's high performance culture
* Enables collective achievement of our strategic goals
* Generates sustainable shareholder returns and above market shareholder value
Job Skills
Accounting, Decision Making, Financial Analysis and Reporting, Financial Planning and Analysis (FP&A), Results-OrientedAdditional Job Details
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