Senior PPNR Modeler

Overview

Job Description

The senior PPNR modeler in the PPNR modeling development team is an 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.

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 – 40%.

• Assist with the design, implementation and maintenance of regression and non-regression model approaches in R. – 20%
• Maintain existing RMarkdown documentation process for all relevant PPNR documentations – 20%
• Aid in translating business and economic drivers into financial statements impact using non-regression analytics approach – 10%
• Support ad-hoc analysis, development model documentation, review and challenge decks and other supporting documentation to meet CCAR requirements – 10%
• Analyze and recommend enhancements to existing firm processes to streamline model approach or enhance overall quality and accuracy of the process – 5%

Must have:

• Bachelor’s Degree (Masters or Phd. Preferred)
• Minimum 5 years recent relevant experience
• Quantitative modeling (R)
• Experiences in R, or other analytical tools
• Strong computer skills in organizing and manipulating large amounts of data (Advanced MS Excel, R)

Nice-to-have

• Experience working in PPNR modeling and the experiences with CCAR process
• Degrees in Business, Mathematics, Economics or Statistics
• Knowledge in trading portfolios and wealth management

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
• A world-class training program in financial services
• Flexible work/life balance options
• Opportunities to do challenging work

The good-faith expected salary range for the above position is $120,000 - $200,000 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

Note:

This posting may include language related to the job’s status and deadlines. #LI-POST

Job Skills

Ad Hoc Analysis, Budget Management, Communication, Documentations, Econometric Models, Finance, Financial Planning and Analysis (FP&A), Model Risk, Process Management, Professional Presentation, Quantitative Models, Statistical Testing, Statistics

Additional Job Details

Address: Goldamn Sachs Tower, 30 Hudson Street, Jersey City

City: Jersey City

Country: United States of America

Work hours/week: 40

Employment Type: Full time

Platform: OFFICE OF THE CFO

Job Type: Regular

Pay Type: Salaried

Posted Date:

Final date to receive applications:

Note
:
Applications will be accepted until 11:59 PM on the day prior to the Final date to receive applications date above

Inclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

RBC is presently inviting candidates to apply for this existing vacancy. Qualified applicants may be contacted to review their resume in more detail.