Job Description

What is your opportunity?

As Manager, Model Risk Management, you will have the opportunity to build expertise on PPNR models, credit risk models, securitized products, VaR models, and/or interest rate derivatives models. You will be expected to engage the risk, finance, front office, and other related function group personnel, as necessary to pro-actively identify, assess, monitor, and manage model risk. Moreover, as appropriate and where independence of oversight is not compromised, you will offer input on model design or use that would enhance the management of model risk.

What will you do?

• Validate PPNR models, credit risk models, securitized products, VaR models, and/or interest rate derivatives models.
• Act as an effective challenger to model users/ modelers on all matters pertaining to model risk.
• Conduct local model risk management in PPNR models, credit risk models, securitized products, VaR models, and/or interest rate derivatives models.
• Facilitate compliance with RBC model risk policies and procedures, with an emphasis on model risk controls pertaining to model usage.

What do you need to succeed?

• Hold a graduate university degree in a quantitative discipline such as math, physics, econometrics, statistics, or financial engineering.
• Have more than 1 year of working experience in quantitative analyst.
• Strong verbal and written communication skills.

Nice to have:

• Possess a strong quantitatively-oriented knowledge of financial products and industry best practices and regulatory requirements for model risk management.
• Have a collaborative mind-set with strong interpersonal 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, Credit Risk Modeling, Critical Thinking, Financial Instruments, Financial Regulation, Investment Risk Management, Long Term Planning, 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:

2025-09-18

Application Deadline:

2025-09-22

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

I****nclusion and Equal Opportunity Employment

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.