Job Summary
Job Description
WHAT IS THE OPPORTUNITY?
Join RBC’s Enterprise Model Risk Management (EMRM) team as an associate director. 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 Master's 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 3 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
Additional Job Details
Address :
ROYAL BANK PLAZA, 200 BAY ST : TORONTO
City : TORONTO
TORONTO
Country : Canada
Canada
Work hours / week : 37.5
37.5
Employment Type : Full time
Full time
Platform :
GROUP RISK MANAGEMENT
Job Type : Regular
Regular
Pay Type : Salaried
Salaried
Posted Date : 2024-07-08
2024-07-08
Application Deadline :
I nclusion 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.
Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
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 .
'Senior Manager, Business Intelligence and Reporting, Enterprise Insider Risk Management
Reporting to the VP, Enterprise Conduct, Insider and Fraud Risk Management, the Senior Manager, Business Intelligence and Risk Reporting will lead and act as subject matter expertise in Business Intelligence and Risk Reporting for enterprise Insider Risk Management. The Enterprise Insider Risk Manag...
Analyst Enterprise Risk Management
Collaborate with risk owners to execute the end-to-end risk management lifecycle, including risk identification, assessment, management, ongoing monitoring (through KRIs), and reporting. Support the refresh of the enterprise risk framework and drive the planning, execution, and reporting of multiple...
'Senior Manager, Business Intelligence and Reporting, Enterprise Conduct Risk Management
Maintains the reporting framework for enterprise conduct risk data aggregation and analysis and reports an aggregated view of key conduct risk metrics, issues, and trends to the Conduct Risk Management Committee (CRMC), Enterprise Risk Management Committee (ECRM), and the Corporate Governance Commit...
Director, Real Estate Secured Lending, Enterprise Risk Management - RFA Bank
The Director, RESL, will play a crucial role in shaping the future of RFA's RESL Credit Risk Management by crafting and refining RESL credit risk policies to align with the Bank's risk appetite and regulatory standards while also approving RESL Exceptions and mortgage purchases, ensuring standards a...
Senior Associate, Quantitative Market Risk Models - Financial Engineering & Modeling
Minimum 3-5 years of relevant experience spent within 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 Modelling group...
Sr. ERM Analyst- Enterprise Risk Management
You are an aspiring enterprise risk management professional who is looking for something different than traditional roles. You are now seeking an opportunity to join the enterprise risk management team of an entrepreneurial and multi-faceted organization and play a critical role in this organization...
Associate Director, Risk Profiling and Reporting
Business Process Design, Data Analysis, Decision Making, Global Risk Management, Management Reporting, Metrics Development, Operational Risks, Risk Control, Risk Management, Risk Management Framework, Statistical Data, Statistical Data Analysis, Teamwork. Reporting to the Senior Director, Governance...
Director, Cyber Operations Risk Management Operations (GCS)
Critical Thinking, Cyber Operations, Cyber Security Management, Decision Making, Design Controls, Detail-Oriented, Information Security Management, Information Technology Security, Interpersonal Relationship Management, IT Security Architecture, Performance Management (PM), Personal Initiative, Prio...
Director, Operational Risk Oversight (Toronto, CAN)
Experience working in enterprise risk management disciplines with a focus on risk & control self-assessments, emerging risks and key risk indicators. Supports the execution of a Global Enterprise Risk Management Program to deliver better insights and an enterprise view of operational risk exposu...
Associate Director, Market Risk Stress Testing
As an Associate Director, you are an integral member of the Market Risk Stress Testing team within Market and Counterparty Credit Risk (MCCR). The Market Risk Stress Testing team develops, implements, and analyzes stress scenarios across all asset classes to provide senior management, business heads...