Manager, Credit Risk Reporting & Forecasting (Rogers Bank)

At Rogers, we connect Canadians to a world of possibilities and the memorable moments that matter most in their lives. Every day we wake up with one purpose in mind. To bring loved ones together from across the globe. To connect people to each other and the world around them. To help an entrepreneur realize their dream. A sports fan celebrate a special moment.

Because we believe connections unite us, possibilities fuels us, and moments define us.

Manager Credit Risk Reporting and Forecasting (Rogers Bank)

 

The Manager is responsible for credit risk reporting and forecasting of key risk metrics, including Credit Exposures, Receivables, Credit Losses, Recoveries, and Delinquencies and measuring actual performance vs. planned targets. This position is also responsible for designing, implementing, and executing Expected Credit Loss (ECL) forecasting for Rogers Bank under International Financial Reporting Standards.

 

This role will also provide the analysis and rationale to support the definition of Credit Risk Appetite for Board approval, which will influence credit risk strategy, and will lead to the development of automated reporting and analysis across all risk types.

 

Responsibilities will include:

  • Estimation of Expected Credit Losses (ECL) under IFRS9 principles; ensuring accuracy, auditability, reliability and explainability of the estimations, and adherence to policies and procedures
  • Present and discuss the ECL projections to Finance, Credit Risk, Enterprise Risk, Internal/external audit and Regulators (as required)
  • Providing recommendations to adjust estimation parameters and management overlays to address new/emerging risks and market trends.
  • Conduct back-testing of the ECL process to determine its accuracy and enhancement requirements
  • Lead the annual validation and update of ECL parameters; recommend updates and secure approvals from the Enterprise Risk Management Committee; update credit policy and procedures associated with ECL as required.
  • Chair the monthly ECL Review (Challenge) meeting presenting detailed results of the projections, key drivers, performance of parameters, back-testing results, and economic factors influencing credit losses.
  • Conduct scenario/sensitivity analysis to evaluate the impact of different economic and risk environments with an emphasis on credit losses but with a line of sight to other business metrics such as exposures, delinquencies, and revenue.
  • Plan and track allowances for credit losses and provision for credit losses in collaboration and consultation with the areas of Enterprise Risk, Credit Risk, Finance and Collection Operations.
  • Collaborate on the development of credit risk models, including validation, documentation, and performance tracking
  • Identify patterns and trends associated with multiple risk segments of the portfolio, and drive recommendations to address issues/opportunities across the credit risk lifecycle, including origination, account management and collections
  • Review and develop risk segments and identify risk factors using statistical modelling techniques
  • Provide recommendations to improve and optimize portfolio performance from a loss forecasting and scenario analysis standpoint
  • Monthly (or more frequently as required) risk data extraction process to support reporting, analysis, and modelling
  • Automate and maintain reports to evaluate key metrics in support of various stakeholders within the enterprise risk management group
  • Conduct financial model validations as required

 

Required Qualifications:

  • Bachelor’s degree in Mathematics, Statistics, Business, Finance, Economics, or equivalent quantitative field
  • Expert knowledge of International Financial Reporting Standards (IFRS) 9 – Financial instrument, measurement of Expected Credit Losses
  • Given the complexity of this position, the ideal candidate will have completed the Financial Risk Management (FRM) certification
  • 5 years of experience in the unsecured credit card industry
  • Outstanding big-data (hundred of thousands to multi-million datasets) extraction and data analysis skills, with high proficiency in SQL to conduct data extractions; at least 5 years of experience querying large-scale data warehouses
  • Practical knowledge of SAS and/or Python statistical packages to conduct data transformation, analysis, and modelling.
  • Advanced level knowledge of reporting and data analytical automation, ideally in Power BI
  • Experience and proficiency in scenario analysis, time series forecasting, and simulations in Microsoft Excel; highly proficient with Microsoft office applications - advanced Excel (knowledge of macros-VBA and pivot tables)
  • Strong analytical and statistical knowledge with an ability to combine quantitative and common-sense problem solving skills
  • Outstanding presentation and communication skills (written and verbal) with the ability to update, influence, and drive decisions at Director+ levels of the organization.
  • Desire to learn and succeed in a challenging, fast-paced environment

 

Schedule: Full time
Shift: Day
Length of Contract: Not Applicable (Regular Position)
Work Location: 1 Mount Pleasant (083), Toronto, ON 
Travel Requirements: None
Posting Category/Function: Banking & Credit Risk
Requisition ID: 272915
 
Together, we'll make more possible, and these six shared values guide and define our work:
 
  1. Our people are at the heart of our success
  2. Our customers come first. They inspire everything we do
  3. We do what’s right, each and every day
  4. We believe in the power of new ideas
  5. We work as one team, with one vision
  6. We give back to our communities and protect our environment
 

What makes us different makes us stronger. Rogers has a strong commitment to diversity and inclusion. Everyone who applies for a job will be considered. We recognize the business value in creating a workplace where each team member has the tools to reach their full potential. At Rogers, we value the insights and innovation that diverse teams bring to work. We work with our candidates with disabilities throughout the recruitment process to ensure that they have what they need to be at their best. Please reach out to our recruiters and hiring managers to begin a conversation about how we can ensure that you deliver your best work. You matter to us! For any questions, please visit the Rogers FAQ.

Posting Notes:  Corporate || Canada (CA) || ON || Toronto || [[mfield2]] ||

 

 

 

 

Location: 

Toronto, ON, CA

Being a Rogers team member comes with some great perks & benefits including:

· Health & well-being benefits
· Donation matching
· Paid time off for volunteering
· Wealth Accumulation including: Pension plan & Employee stock options
· Generous employee discounts
· Leadership development, Mentorship, and Coaching programs

*available for full-time and part-time permanent employees, some restrictions apply

Looking for career guidance and inspiration?

Catch up on the latest episodes of For the Love of Work podcast with Dr. Sonia Kang.


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