Manager, Enterprise Model Risk Management
Job Summary
Work in close proximity with model stakeholders in order to validate Mathematical/statistical models. Act as a trusted advisor and effective challenger to model developers and users on all matters pertaining to modeling requirements.
Job Description
What is the opportunity?
The Manager, Enterprise Model Risk Management (EMRM) will work in close proximity with model stakeholders in order to validate Mathematical/statistical models used by RBC, which may include models related to market risk, counterparty credit risk, stress testing, credit loss models, climate risk models, etc.This role will provide effective challenge to the submitted models. This individual will act as a trusted advisor and effective challenger to model developers and users on all matters pertaining to modeling requirements.
What will you do?- Engage model builders and related function groups personnel as necessary in order to proactively assess, document, and independently validate mathematical/statistical models and their usage by the bank.
- Perform effective challenge of model inputs, methodology, and implementation.
- Independently build replication model and benchmarking models.
- Acquire and maintain a thorough understanding of the flow and context of model usage by the business.
- Ensure that model users adhere to RBC model risk policy.
What do you need to succeed?
Must-have- Graduate degree in a quantitative discipline such as physics, mathematics, engineering, computer science, statistics, finance or financial engineering.
- Solid knowledge of quantitative and statistical modelling techniques, with excellent analytical and critical thinking skills.
- Experience in working with programming languages (Python, C++/C# or VBA) and statistical analysis tools (Excel, MATLAB, or R).
- Strong communication (written and verbal) and interpersonal skills.
What’s in it for you?
We thrive on the challenge to be our best, thinking progressively 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
Model Risk, Probability Theory, Programming Languages, Quantitative Models, Quantitative Research Analysis, Quantitative Risk, Quantitative Risk Management, Research Analysis, Risk Management, Risk Models
Additional Job Details
Address:
ROYAL BANK PLAZA, 200 BAY ST:TORONTO
City:
TORONTO
Country:
Canada
Work hours/week:
- 5
Employment Type:
Full time
Platform:
GROUP RISK MANAGEMENT
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-02-07
Application Deadline:
2025-02-22
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 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.
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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