2024 CFO, Fall Data Analyst, Financial Resource Optimization (8 Months)

April 26 2024
Industries Bank, Insurance, Financial services
Categories Data Business Analyst,
Toronto, ON • Full time

Job Summary

Financial Resource Optimization (FRO) is responsible for management of capital resources in support of RBC's key strategic objectives. FRO's mandate includes measurement, monitoring and forecasting of risk-weighted assets, leverage, and capital metrics. FRO works jointly with Businesses, Strategy, and Group Risk Management and other groups in Finance to measure and deploy capital in support of RBC's growth and financial objectives, and adherence to regulatory requirements.

As a Data Analyst (ML/AI), you'll work in the FRO Data, Systems and Business Solutions team supporting the Product / Modeling team with both the existing infrastructure platform and the build-out of the bank's next generation solution for Regulatory and Economic Capital Measurement and integration of data across Finance and Risk.

Job Description

You'll support the Product team by contributing and leading…

Analytics & Metrics. You will help our team make data-driven decisions.

Analyze business requirements or problems and work with subject matter experts to select the appropriate statistical and ML/AI models to be used.

Collaborate with team members to design and build ML/AI algorithms for proof of concepts (POCs) and as we transition the POCs to Production.

Use machine learning and other data mining techniques to get insights from massive datasets.

Conduct data analysis to determine which features / data points should be used to train ML models.

Development of agile metrics (Sprint velocity, burndown, etc.) to contribute to oversight of Software BAU (business as usual) team oversight, and increase agile maturity.

Given a semi-structured set of data related to our operations, help derive metrics/tracking to ultimately improve our operating model, audit requirements and product delivery.

Root Cause Problem Solving. You will help improve key business processes.

Following the data and metrics extracted above, investigate a business process, interview people, analyze systems, document as appropriate, and figure out why something is not working.

Communicate findings concisely and succinctly.

Work with FRO team members to devise, weigh and implement solutions.

Technical Writing. You will help cultivate re-usability of Product Knowledge.

We're migrating software platforms, and all of our operations and processes need to be re-documented and organized.

You'll help develop a program to preserve and organize this knowledge, and then execute on the strategy.

You'll help write, we'll get others to write, and we'll drive user adoption.

Special Projects.

We have a broad mandate within the team, and are always looking for ways to apply creativity and special skills as it helps us to improve our product and user experience.

What do you need to succeed?

*Currently enrolled at a Canadian post-secondary institution with a focus on STEM or Business.

*Excellent interpersonal and highly developed communication skills (verbal and written).

*Creative and analytical thinker who is self-driven and capable of working in a fast paced environment.

*Leadership acumen and a passion to apply it in a dynamic business environment.

*Experience analyzing and manipulating large data sets using SQL, Hive or other querying tools.

*Programming skills and knowledge of Python, R.

*Familiarity with statistical methods.

*Familiarity with data cleaning, data mining, and machine learning. Knowledge of Natural Language Processing is a strong plus.

*Experience applying an agile mindset.

Nice-to-have

  • Knowledge of and experience in capital and risk management

  • Expressed interest or previous experience in the financial industry or FinTech.

  • Experience with agile or design thinking methodologies or frameworks.

What's in it for you?

In this role, you will have the opportunity to work in a dynamic, collaborative, progressive and high performing team making a difference and lasting impact. 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.

You will get:

  • A unique co-op experience as part of an Innovation team with the chance to develop a career at RBC.

  • To be a part of a dynamic, collaborative, progressive and high-performing team.

  • To contribute to real projects that can make a difference and have a lasting impact at RBC.

  • Great opportunities to develop both your technical and business skills by working in a fast-paced environment and with many subject matter experts on both the business and IT sides.

About RBC
Royal Bank of Canada is Canada's largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North America's leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis. We have over 80,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 37 other countries. For more information, please visit rbc.com.

Inclusion and Equal Opportunity Employment
RBC is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veterans status, Aboriginal/Native American status or any other legally-protected factors. Disability-related accommodations during the application process are available upon request.


ET24

Job Skills

Agile Methodology, Big Data, Business, Business Solutions, Communication, Data Analysis, Detail-Oriented, Interpersonal Relationships, Listening Effectively, Microsoft Excel, Personal Development, SQL Database Queries, Tableau (Software), Taking Initiative, Teamwork

Additional Job Details

Address:

RBC CENTRE, 155 WELLINGTON ST W:TORONTO

City:

TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

Office of the CFO

Job Type:

Student/Coop (Fixed Term)

Pay Type:

Salaried

Posted Date:

2024-04-26

Application Deadline:

2024-05-26

Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
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We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.

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