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0000050007 Royal Bank of Canada
Associate Director, Model Innovation and Implementation0000050007 Royal Bank of Canada • TORONTO, Ontario, Canada
Associate Director, Model Innovation and Implementation

Associate Director, Model Innovation and Implementation

0000050007 Royal Bank of Canada • TORONTO, Ontario, Canada
2 days ago
Job type
  • Full-time
Job description

Job Description

What is the opportunity?The Associate Director, Model Innovation and Implementation is responsible for the conceptual design, development, implementation, deployment, documentation and maintenance of models used to measure market risk and counterparty credit risk within the bank's risk management frameworks. This includes ensuring that the model's underlying methodologies are appropriate and that they are implemented with integrity so that they accurately measure RBC’s risks.In your role, you will be focused on building and implementing trading risk methodologies for instruments across various asset classes, as well as ensuring that the strategic build-out of the overall platform is complete and robust. You will leverage AI tools to boost efficiency and accelerate development cycles, enabling you to deliver high-impact solutions while maintaining rigorous quantitative standards.What will you do?
  • Conduct research, review regulatory requirements and consult with industry stakeholders to evaluate best practices for modeling, and develop market risk methodologies.
  • Become proficient with key risk features of the products and risk factor identification process in the trading portfolio
  • Develop, maintain and integrate risk model libraries with the overall enterprise architecture to provide end-to-end solutions.
  • Work with risk and technology partners to productionize risk methodology implementations by adopting industrial standard and strategic architecture.
  • Document model methodologies, implementation details and testing results, and work with internal validation to facilitate their approval of the models.
  • Develop tools to assess and monitor model performance, and benchmark against alternative models
  • Maintain existing market risk models by conducting exercises include but not limited to regular model recalibrations, and assumption re-assessment.
  • Utilizing AI tools and emerging technologies to enhance productivity, streamline development processes, and improve code quality while maintaining compliance and accuracy standards.
What do you need to succeed? Must-have
  • 2+ years of working experience in regulatory & internal risk management requirements under market risk, CCAR or counterparty credit risk.
  • Broad capital markets product knowledge across various asset classes.
  • Strong analytical and problem solving skills
  • Strong Python development skills with focus on finance use cases
  • Above average oral and written presentation skills: ability to present clearly complicated modelling concepts and techniques to senior management
  • Ability to work collaboratively to achieve team goals
  • Agility to adapt to changing circumstances in a dynamic environment
  • Masters in Financial, Engineering, Statistics or equivalent. PhD in Finance, Engineering or Applied Sciences
Nice-to-have
  • Experience in Big Data development and toolsets (HDFS, PySpark, Spark, Scala, etc.)
  • Knowledge and experiences in AI models and tools, such as Copilot, Claude, Agents, Model Context Protocol (MCP), Retrieval-Augmented Generation (RAG), Transformers, and similar emerging AI technologies
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 and competitive compensation
  • Leaders who support your development through coaching and managing opportunities
  • Work in a dynamic, collaborative, progressive, and high-performing team
  • Opportunities to do challenging work
Job SkillsClient Counseling, Critical Thinking, Economic Analysis, Financial Derivatives, Financial Instruments, Investment Banking Analysis, Investment Risk Management, Market Risk, Quantitative MethodsAdditional 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:

2026-06-10

Application Deadline:

2026-07-10Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveOur Employment OpportunitiesAt 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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Associate Director, Model Innovation and Implementation • TORONTO, Ontario, Canada

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