Job Description
What is your opportunity?
You will work closely with model stakeholders to validate mathematical or statistical finance models used by RBC. You will also act as a trusted advisor and effective challenger to model developers and users on all matters pertaining to risk modeling requirements.
What will you do?
Perform effective challenge of model inputs, methodology, and implementation. Independently build replication/benchmarking models.
Engage model builders and related function groups personnel as necessary to proactively assess, document, and independently validate mathematical/statistical finance models and their usage by the bank.
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, computer science, statistics, actuarial science, data science, finance or financial engineering. Strong academic and research background may also count towards work experience.
At least 2 years of work experience in mathematical/statistical modeling in a similar or related role such as a model developer/validator, a front office quant, a risk quant, or a risk manager. Ph.D. research can count as experience.
Proficient in model development in VBA, R, Python, or other programing languages.
Broad exposure to and excellent knowledge of a wide range of financial models and model validation/testing techniques.
Exceptional analytical, statistical, computational and critical thinking 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
Client Counseling, Competitive Markets, Critical Thinking, Financial Instruments, Financial Regulation, Investment Risk Management, Long Term Planning, Quantitative Methods, Risk ManagementAdditional Job Details
Address:
180 WELLINGTON ST W:TORONTOCity:
TorontoCountry:
CanadaWork hours/week:
37.5Employment Type:
Full timePlatform:
GROUP RISK MANAGEMENTJob Type:
RegularPay Type:
SalariedPosted Date:
2026-06-26Application Deadline:
2026-07-20Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Our Employment Opportunities
At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One 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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