Director – Automotive Finance Credit Strategies and Portfolio Management
| Company | Royal Bank of Canada |
|---|---|
| Location | Toronto, ON, Canada |
| Salary | $Not Provided – $Not Provided |
| Type | Full-Time |
| Degrees | Bachelor’s |
| Experience Level | Senior |
Requirements
- University degree in a quantitative field of study (e.g., statistics, economics, business, engineering) to demonstrate ability for critical thinking & numerical analytics
- 5 years + financial services experience across disciplines including credit risk, portfolio monitoring, finance, and credit product management
- Strong leadership and relationship management competencies with proven ability to lead cross-functional and project teams
- Able to impact and influence partners across external organizations and internal hierarchies
- Able to work strategically whilst integrating information and insights from multiple sources
- Able to spot and capitalize on opportunities arising from changes in market conditions
- Strong verbal and written communication skills, organizational awareness, and decision-making ability under pressure
Responsibilities
- Increase shareholder value by growing a multi-billion dollar Automotive Finance portfolio (New and Used Auto, Subvented Auto, RV and Marine, and Business Vehicle Solutions) through the design and management of effective credit scoring and strategies to acquire new accounts and manage existing accounts
- Lead a team to optimize profitability of the Automotive Finance portfolio through the design, recommendation, implementation and monitoring of effective strategies through loan acquisitions
- Support Automotive Finance’s business targets for balance growth and market share, while ensuring appropriate risk mitigation strategies are in place and the overall quality of the portfolio is maintained
- Manage Provision for Credit Losses (PCL) by optimizing the balance between risk, reward, operational efficiency and customer impact
- Lead a team to develop and manage credit scoring strategy, monitor portfolio performance and forecast overall performance through statistical modeling, research, innovation and leading edge tools and practices
- Spot changing risk patterns and find portfolio vulnerabilities and opportunities, quantify them and present recommendations for optimization
- Impact and influence product design, pricing, policy, process, resource investment and future technology, with the goal of transforming the way RBC does business
- Provide concise, insightful and timely analytics of key portfolio trends that optimize the risk-reward trade-off, find opportunities to grow the business and streamline credit processes
- Maintain high employee engagement levels and strengthen high performing, collaborative, client-focused culture with teammates and stakeholders
- Present recommendations and opportunities to senior management and executives.
Preferred Qualifications
- In-depth knowledge of RBC’s Canadian consumer credit products, policies and procedures
- CFA, FRM, SOA, ASA, CA would be an asset
- Strong knowledge and experience developing statistical models and applying their output in practical strategies including logistic regression, optimization, decision trees, neural nets, cluster analysis, divergence, KS, etc.
- Strategic knowledge of credit limit management and acquisitions including the unique risks, procedures and technologies associated with both areas