Associate Director, Environmental & Social Risk Analytics

As part of the Environmental & Social Risk Measurement & Analytics team within Group Risk Management, you will play a role in the identification, measurement, monitoring, and mitigation of environmental and social (E&S) risks at RBC. You will support and lead the design and implementation of key climate and E&S risk initiatives by building analytical capabilities supported by research, data analytics and insights.
A significant focus of this role will be the calculation of RBCs financed emissions across different asset classes within carbon-intensive sectors and setting and tracking progress on net-zero targets.

What is the Opportunity?

As part of the Environmental & Social Risk Measurement & Analytics team within Group Risk Management, you will play a role in the identification, measurement, monitoring, and mitigation of environmental and social (E&S) risks at RBC.You will support and lead the design and implementation of key climate and E&S risk initiatives by building analytical capabilities supported by research, data analytics and insights.

A significant focus of this role will be the calculation of RBCs financed emissions across different asset classes within carbon-intensive sectors and setting and tracking progress on net-zero targets.

What will you do?

• Work with the Director, E&S Model Development to assist in the advancement of RBCs capabilities in measuring financed emissions, setting net-zero targets, and delivering carbon accounting insights across the enterprise.

• Build analytical tools to enable timely and accurate measurement and monitoring capabilities.

• Prepare model documentation and support model governance processes.

• Prepare insightful reports and presentations to enable effective communication with stakeholders

• Collaborate with diverse internal stakeholders across business lines and functions to share E&S Risk data and insights, and support risk management, business strategy, and ESG and climate disclosures.

• Establish an environmental & social risk data hub by leveraging internal and external data to support climate risk measurement and monitoring capabilities.

• Support the ongoing enhancement of controls & governance related to the execution of climate risk analytics processes and maintain up to date documentation.

Must have

• An interest in Environmental and Social Risk in general and climate change in particular

• Advanced degree in a quantitative discipline such as Computer Science,, Econometrics, Finance, Statistics, Data Science, Engineering, Mathematics, or Economics.

• Experience in working in an analytics team, especially those tasked with solving difficult and/or vaguely-defined problems

• Prior experience in applying statistical methods, algorithms, and machine learning models to analyze data and uncover trends, patterns, and insights.

• Strong coding abilities - An advanced understanding of programming and querying languages, including SQL and python OR a proven ability to both code in another data analytics language (e.g. C/C++, Scala, R, MATLAB, SAS)

• Ability to synthesize data into business insights and communicate these clearly to diverse audiences

• Desire and proven ability to build new and innovative approaches to complex problems with minimal direction

• Commitment to quality and accuracy with a high level of attention to detail.

• Effective written and verbal communication skills.

Nice to have

• Knowledge of climate change science with experience in the development and use of climate and economic scenarios, models, projections and data.

• Knowledge or familiarity with the climate risk and/or target setting guidance issued by PCAF, NZBA, TCFD, ISSB, and/or OSFI (B-15)

• Knowledge or familiarity with internal RBC data systems

• Experience with or knowledge of carbon-intensive sectors, e.g. agriculture; aluminum; cement; coal; commercial and residential real estate; iron and steel; oil and gas; power generation; and transportation

• Experience working with a diverse range of stakeholders.

Whats 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

• Leaders who support your development through coaching and managing opportunities

• Ability to make a difference and lasting impact

• Work in an agile, collaborative, progressive, and high-performing team

• The opportunity to interface with executives from many different parts of the organization

Job Skills

Client Counseling, Climate Change, Climate Change Science, Climate Modeling, Climate Risk Management, Climate Science, Critical Thinking, Derivatives, Economic Analysis, Emission Measurement, Emissions Analysis, Emissions Reporting, Emissions Tracking Software, Financial Instruments, GHG Emissions, Greenhouse Gas Emissions, Investment Banking Analysis, Investment Risk Management, Market Risk, Quantitative Methods

Additional Job Details

RBC CENTRE, 155 WELLINGTON ST W:TORONTOTORONTOCanada37.5Full timeGROUP RISK MANAGEMENTRegularSalaried2024-08-212024-09-20