Manager, HEF Credit Strategy – Royal Bank of Canada

Title of the Job: Manager, HEF Credit Strategy

Location: Toronto, ON

Job Description: Job Summary As Manager, HEF Credit Strategy, you are primarily responsible for developing credit strategies using advanced analytics for HEF products as well as improving profitability by recommending solutions that balance risk, reward, operational efficiency, and customer impact. You will work to support the business targets for growth, while ensuring appropriate risk mitigation strategies are in place and the overall quality of the portfolio is maintainedJob DescriptionWhat is the opportunity?As Manager, HEF Credit Strategy, you are primarily responsible for developing credit strategies using advanced analytics for HEF products as well as improving profitability by recommending solutions that balance risk, reward, operational efficiency, and customer impact. You will work to support the business targets for growth, while ensuring appropriate risk mitigation strategies are in place and the overall quality of the portfolio is maintainedWhat will you do?

• Support the Senior Manager in designing credit strategies covering HEF products, including targeting criteria, adjudication and exposure management, ensuring adequacy of risk and return as well as regulatory and internal compliance through comprehensive data analysis and predictive financial and credit modeling.
• Presenting results of your analysis and recommendations with stakeholders and senior management in Group Risk Management, Product teams, and Collections to understand and propose new strategies designed to help achieve business targets as well as obtain approval of credit strategies with concise rationale supported by comprehensive analysis and documentation.
• Identify and recommend opportunities, and drive initiatives that will enhance strategy and portfolio performance or improve existing processes.
• Develop and manage performance monitoring and reporting for relevant strategies and customer segments, in order to enable actionable insight for key stakeholders, including Group Risk Management.
• Support new strategy development with advanced analytics and data science.
• Cross-functional stakeholder management of business, operations and other GRM teams.
• Monitor any changes in portfolio risk to pre-empt stress to Collections.

What do you need to succeed?
Must-have

• 2+ years of experience performing advanced analytics or data science, ideally for credit lending or deposit products.
• Proficient technical knowledge of data querying and related tools such as Python, SQL, SAS, Excel, etc.
• Strong interpersonal, communication and presentation skills, with the ability to create and articulate a compelling business case to senior management and other stakeholders
• Strong analytical, critical thinking, and problem solving skills
• MBA and/or Undergraduate degree in Economics, Business, Statistics or other quantitative field of study.

Nice-to-have:

• Experience in financial services industry with broad understanding of risk management, credit strategy, and analytics
• Knowledge of Personal banking 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 and commissions
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work
• Opportunities in building close relationships with clients

Job Skills Business Data Analysis, Communication, Credit Analysis, Critical Thinking, Database Queries, Data Visualization, Decision Making, Quantitative Methods, Risk ManagementAdditional Job DetailsAddress: RBC WATERPARK PLACE, 88 QUEENS QUAY W:TORONTOCity: TORONTOCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: GROUP RISK MANAGEMENTJob Type: RegularPay Type: SalariedPosted Date: 2024-10-07Application Deadline: 2024-10-20Inclusion and Equal Opportunity EmploymentAt 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.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at .

Company Name: Royal Bank of Canada

Salary:

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