Manager, Loss Forecasting

Job Description

What is the opportunity?

The Loss Forecasting team within Portfolio Management and Credit Strategy (PMCS) at RBC is responsible for Stage 3 Provision for Credit Losses (PCL) forecasting for the Canadian retail portfolios. The team provides Senior Management in Risk Management, Finance, Business Units, and Investor Relations with expert analysis and guidance on the Bank’s PCL.

As a Manager, you will work closely with model development teams and credit risk experts to understand drivers of changes in PCL and support the Loss Forecasting team in delivering valued analysis.

What will you do?

• Assist in developing, monitoring, and maintaining Stage 3 PCL loss forecasting models to support regulatory compliance and business objectives.
• Work with measurement, reporting, and modeling team members to understand assumptions in credit provisioning calculations; analyze results and help identify issues.
• Support communication with functional and business partners to identify and escalate issues affecting credit provisioning.
• Analyze datasets to identify trends, risk indicators, and key drivers of credit losses.
• Collaborate with risk, credit, analytics, and finance teams to support forecast alignment.
• Prepare reports and presentations summarizing key findings for review by senior leadership.
• Monitor model performance and support regular audits and improvement initiatives.
• Support documentation and ongoing maintenance of forecasting models.

What do you need to succeed?
Must-have

• Minimum 2–3 years of experience in credit risk analysis, loss forecasting, or related analytical roles. Bachelor's degree in Finance, Statistics, Mathematics, or a related field.

• Strong analytical and statistical skills, with experience analyzing financial data and supporting model development.
• Proficiency in Python, R, and Excel for data analysis and model support.
• Solid understanding of credit risk and financial processes in Retail banking.
• Strong communication skills with the ability to explain analytical findings clearly.
• Quick learner with strong analytical and problem-solving skills.

Nice-to-have

• Familiarity with IFRS9 and credit loss forecasting methodologies.
• Experience with data visualization tools such as Power BI or Tableau.

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
• Leaders who support your development through coaching and managing opportunities
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work
• Flexible work/life balance options

Job Skills

Credit Risks, Data Analysis, Data Visualization, Risk Analysis, Risk Management

Additional Job Details

Address:

RBC WATERPARK PLACE, 88 QUEENS QUAY W:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2026-05-11

Application Deadline:

2026-05-30

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One 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. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.