Manager, Enterprise Model Risk Management

Job Overview

We will work in close proximity with model stakeholders to vet and validate mathematical/statistical models used by RBC, primarily focusing on Credit Risk models (PD/LGD/EAD/etc.) for IFRS 9 and EWST. You will also act as a trusted advisor to model developers and users on all risk modeling requirements.

• Perform effective challenge of model inputs, methodology, and implementation, and independently build replication/benchmarking models.
• Engage model builders and related function group personnel to proactively assess, document, and independently validate mathematical/statistical models.
• Acquire and maintain a thorough understanding of model usage flow and context.
• Ensure model users adhere to RBC model risk policy.

Must-have

• Graduate degree in a quantitative discipline (physics, math, engineering, computer science, statistics, finance or financial engineering). Strong academic and research background may also count.
• Minimum 1 year experience in mathematical/statistical modeling in a similar role.
• Proficiency in Python or other programming languages.

Nice-to-have

• Broad exposure and knowledge of a wide range of financial models and validation/testing techniques.
• Exceptional analytical, statistical, computational, and critical thinking skills.

• A comprehensive Total Rewards Program including bonuses and flexible benefits.
• Leaders who support your development through coaching and management opportunities.
• Ability to make a difference and lasting impact.
• Work in an agile, collaborative, progressive, high-performing team.
• Opportunity to interface with executives across the organization.

ROYAL BANK PLAZA, 200 BAY ST: TORONTO, Canada

Work hours:

37.5 per week |

Employment type:

Full time | Pay:
Salaried | Posted:  | Final date to receive applications:

RBC is committed to fostering a diverse, inclusive workplace. We provide equal employment opportunities to all employees and applicants.

This is an existing vacancy. Qualified candidates may be contacted for a review of their resume.