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Model Validation Analyst
Model Validation AnalystRBC • Toronto, ON, CA
Model Validation Analyst

Model Validation Analyst

RBC • Toronto, ON, CA
19 days ago
Job type
  • Full-time
Job description

Job Description

As part of the Enterprise Model Risk Management (EMRM) team within Group Risk Management (GRM), the Model Validation Analyst will be primarily responsible for carrying out independent validation of models within the Market and Counterparty Credit Risk model categories as well as the Wealth Management business.

Opportunity Overview

Engage relevant model developer / owners and users across market risk, counterparty credit risk and / or wealth management model categories as necessary in order to acquire and maintain a thorough understanding of the flow and context of model usage by the business.

What will you do?

  • Engage relevant model developer / owners and users across market risk, counterparty credit risk and / or wealth management model categories as necessary in order to acquire and maintain a thorough understanding of the flow and context of model usage by the business.
  • Perform independent validation, delivering effective challenge to understand all key sources of model uncertainty and ensure that model usage adheres to RBC model risk policy.
  • Deliver clear, well written validation reports with sound conclusions based on assessment and testing outcomes.
  • Complete projects within stated timelines to assist the business to use models in a timely and safe way.
  • Ensure clients and colleagues are treated with respect, a highly professional empathetic approach is used, and good working relationships are maintained. Look for, and act upon, opportunities to strengthen the quality of challenge, efficiency and communication of key model risk processes and deliverables.
  • Partner with stakeholders to achieve collective results. Act as a catalyst to ensure team is strategically aligned with business strategies while maintaining the Bank’s desired risk profile.
  • Support direct managers and contribute directly to process improvement projects aimed at maximizing quality and efficiency of the model risk management process.

What do you need to succeed?

Must-have

  • Post graduate degree preferably PhD in a quantitative subject (e.g. physics, mathematics, economics etc).
  • 2+ years of model risk management or model developer experience with a preferred focus on Market and Counterparty Credit Risk.
  • Strong analytical, communication, problem solving and stakeholder management skills.
  • Nice-to-have

  • In-depth knowledge of model risk regulations, RBC policies, procedures & practices.
  • Proficiency with Bank Technology.
  • Experience in wealth / asset management modelling.
  • What’s 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, competitive compensation.
  • Leaders who support your development through coaching and managing opportunities.
  • Work in a dynamic, collaborative, progressive, and high-performing team.
  • Opportunities for growth, and opportunities to redefine audit approaches.
  • Job Skills

    Credit Risks, Critical Thinking, Financial Instruments, Financial Regulation, Independent Validation, Market Risk, Model Validation, Quantitative Methods, Risk Management

    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 : 2025-12-23

    Application Deadline : 2025-12-31

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

    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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    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 .

    RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.

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    Model Validation Analyst • Toronto, ON, CA

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