Job Description

What Is Your Opportunity?

Join RBC’s Enterprise Model Risk Management (EMRM) team as a Manager! This role offers you the chance to ensure oversight of model risk, ensuring the integrity and efficacy of various quantitative models used in the bank. You’ll play a critical role in safeguarding the company against regulatory, financial, and reputational risks linked to model risks. Your expertise will help prevent potential losses and ensure compliance with RBC’s stringent risk management standards.

What Will You Do?

Validate models

Including but not limited to, front office pricing models, market risk models.

Engage with stakeholders:

Work closely with risk, finance, front office, and other related function group personnel to identify, assess, monitor, and manage model risk proactively.

Oversight responsibilities: Ensure that, per RBC model risk policy, models are:

Appropriately registered and risk rated by EMRM (Enterprise Model Risk Management).

Validated before use.

Following appropriate protocol when adjustments or other changes are made to a model, its inputs or outputs.

As appropriate and where independence of oversight is not compromised, offer input on model design or use that would enhance the management of model risk.

What Do You Need To Succeed?

Must Have

Hold a graduate university degree in a quantitative discipline such as math, physics, econometrics, statistics, or financial engineering.

Possess a strong quantitatively oriented knowledge of financial products and industry best practices and regulatory requirements for model risk management.

Have more than 1 years of working experience as a quantitative analyst and/or in mathematical/statistical modeling.

Experience in working with programming languages such as Python, C++ or VBA.

Strong verbal and written communication skills.

Have a collaborative mind-set with strong interpersonal skills.

Nice-To-Have

Knowledge of regulatory requirements for financial institutions

Familiar with enterprise risk management framework

What’s In It For You?

Professional growth: Engage in challenging and meaningful work within a leading financial institution.

Collaborative environment: Work with a diverse team of professionals who are passionate about their work.

Impactful work: Contribute to the safety and soundness of RBC by ensuring model risk is effectively managed.

Comprehensive benefits: Enjoy a competitive salary and benefits package that supports your overall well-being.

Job Skills

Additional Job Details

Address:

ROYAL BANK PLAZA, 200 BAY ST: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:

2024-07-08

Application Deadline:

2025-09-10

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

Inclusion and Equal Opportunity Employment

At 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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