Job Summary
Job Description
WHAT IS THE OPPORTUNITY?
Join RBC's Enterprise Model Risk Management (EMRM) team as a manager. This role offers you the chance to ensure oversight of model risk, ensuring the integrity and efficacy of various quantitative models used in the bank.
You'll play a critical role in safeguarding the company against regulatory, financial, and reputational risks linked to model risks.
Your expertise will help prevent potential losses and ensure compliance with RBC's stringent risk management standards.
WHAT WILL YOU DO?
Validate models : Including but not limited to, regression models, front office pricing models, market and counterparty credit risk models, and credit risk models.
Engage with stakeholders : Work closely with risk, finance, front office, and other related function group personnel to identify, assess, monitor, and manage model risk proactively.
Oversight responsibilities : Ensure that, per RBC model risk policy, models are :
Appropriately registered and risk rated by EMRM (Enterprise Model Risk Management).
Validated before use.
Following appropriate protocol when adjustments or other changes are made to a model, its inputs or outputs.
As appropriate and where independence of oversight is not compromised, offer input on model design or use that would enhance the management of model risk.
WHAT DO YOU NEED TO SUCCEED?
Must have :
Hold a graduate university degree in a quantitative discipline such as math, physics, econometrics, statistics, or financial engineering.
Possess a strong quantitatively oriented knowledge of financial products and industry best practices and regulatory requirements for model risk management.
Have more than 1 years of working experience as a quantitative analyst and / or in mathematical / statistical modeling.
Experience in working with programming languages (Python, C++ / C# or VBA) or statistical analysis tools (SAS, MATLAB, or R).
Strong verbal and written communication skills.
Have a collaborative mind-set with strong interpersonal skills.
Nice-to-have :
Knowledge of regulatory requirements for financial institutions
Familiar with enterprise risk management framework
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, commissions, and stock where applicable
Leaders who support your development through coaching and managing opportunities
Ability to make a difference and lasting impact
Work in a dynamic, collaborative, progressive, and high-performing team
A world-class training program in financial services
Flexible work / life balance options
Opportunities to do challenging work
LI-Hybrid
Job Skills
Computer Programming, Credit Risks, Critical Thinking, Financial Instrument Valuation, Machine Learning, Market Risk, Mathematical Finance, Model Risk, Risk Management, Writing
Manager, Enterprise Risk Management & Environmental Social and Governance
Develop, identify and assess risk appetites, risk measurements, reporting, key risks and related mitigations to support enterprise risk management and internal audit programs in organizations that support key ESG topics / focus areas. We are looking for a dynamic professional to join our growing pra...
Manager, Cyber & Technology Risk Management, Information & Corporate Security
This role will support the cultivation of the best view of Cyber and Technology risks across the fund through active partnership with T&D teams, Enterprise Risk, Audit, and other groups; and will support the Cyber and Technology Risk Management team in leading enterprise initiatives to address trans...
Senior Manager, Model Risk Audit
Leads planning, execution, and reporting on the assigned audit projects within scheduled timeline and resource through a thorough understanding of the business/unit/process/associated risks and adequate evaluation of the effectiveness of key controls placed in the following key processes of model li...
Manager, Enterprise Project Management Office Analytics (Data Scientist)
The Manager will be a key team member who will enable the overall success of the EPMO mandate to achieve its goals throughout data governance, monitoring the health of the portfolio performance, create insights and educate the Divisional Project Management Communities in Data/KPI/Reporting matters i...
Senior Manager, Model Risk Audit
Leads planning, execution, and reporting on the assigned audit projects within scheduled timeline and resource through a thorough understanding of the business/unit/process/associated risks and adequate evaluation of the effectiveness of key controls placed in the following key processes of model li...
Senior Manager, Financial Institutions - Securitizations (Global Risk Management)
The Senior Manager adds value to the overall management of the Bank's loan portfolios through the timely and accurate adjudication of credits within established underwriting guidelines and policies. The Senior Manager will be dealing with senior management and banking counterparts in the Bank's offi...
Senior Audit Manager, Model Risk Audit
Strong knowledge of risk management, model risk management, project management, model regulations and compliance. Leads and manages audits as Office in Charge (OIC) to assess the design and operating effectiveness of model risk management and controls and provide high quality, value-added recommenda...
Manager/Senior Manager, Quantitative Market Risk Models - Financial Engineering and Modeling
Capital Markets and/or Market Risk, on a model development or model validation/vetting team at a major financial institution. Would you like to further develop your career with our exponentially expanding Financial Engineering and Modeling group? Are you up for the challenge to help the most sophist...
Manager/Senior Manager, Quantitative Market Risk Models - Financial Engineering and Modeling
Capital Markets and/or Market Risk, on a model development or model validation/vetting team at a major financial institution. Developer, Engineering Manager, Equity, Engineer, Manager, Technology, Engineering, Finance, Management. Would you like to further develop your career with our exponentially ...
Senior Manager - Third Party Risk Management
Minimum 10+ years of experience in Third Party Risk Management (TPRM) or closely related fields such as vendor management, risk management, procurement or system implementation with a strong TPRM component. Leading organizations are now recognizing the role that a risk-intelligent Third Party Risk M...