Manager, Enterprise Model Risk Management
Top Benefits
About the role
Job Description
What is the opportunity?
As a manager, you are responsible for model validation and benchmark model development of structured equity derivative models. Your responsibilities include preventing any loss that could occur due to the misuse of mathematically complex models, for the purpose of protecting and enhancing RBC’s financial safety and reputation.
As a manager, you will evaluate material issues related to model risk and increase the bank’s operational effectiveness in dealing with a large volume of regulatory-driven model validation initiatives. You will contribute to RBC’s goal of being a leading financial services partner valued for our expertise.
What will you do?
- Independently validate new and existing valuation and risk measurement models for RBC Capital Markets with a concentration on structured equity derivatives.
- Provide consultancy to Local Market Risk, Finance and Global Valuations regarding technical model issues and independent price verification issues
- Identify and escalate material issues related to model risk, and providing consultancy with respect to potential solutions to these issues.
- Identify and articulate model limitations
- Report writing and model inventory maintenance
- Identify inconsistencies across models and escalate inconsistencies to management
What do you need to succeed?
- Experience in model validation, model development or a related position
- Product knowledge of structured equity derivatives (single and multi-asset, multi-currency products)
- An advanced degree (Masters, PhD) in a quantitative discipline, ideally in Finance
- Fluency in computational techniques, including Monte Carlo simulation, numerical and analytic solution of partial differential equations.
- Programming ability in languages like C/C++/Java/Perl/Python/VBA; adept at applications such as Excel/Matlab
- Skilled at explaining complex processes in simple language
Nice-to-have
- CFA Charter Holder and/or FRM or PRM certification
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
Actuarial Modeling, Business Analytics, Credit Analysis, Financial Regulation, Internal Auditing, Investment Risk Management, Predictive Analytics, Risk Management, Standard Operating Procedure (SOP), Statistical Analysis
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:
2025-09-12
Application Deadline:
2025-09-26
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.
Manager, Enterprise Model Risk Management
Top Benefits
About the role
Job Description
What is the opportunity?
As a manager, you are responsible for model validation and benchmark model development of structured equity derivative models. Your responsibilities include preventing any loss that could occur due to the misuse of mathematically complex models, for the purpose of protecting and enhancing RBC’s financial safety and reputation.
As a manager, you will evaluate material issues related to model risk and increase the bank’s operational effectiveness in dealing with a large volume of regulatory-driven model validation initiatives. You will contribute to RBC’s goal of being a leading financial services partner valued for our expertise.
What will you do?
- Independently validate new and existing valuation and risk measurement models for RBC Capital Markets with a concentration on structured equity derivatives.
- Provide consultancy to Local Market Risk, Finance and Global Valuations regarding technical model issues and independent price verification issues
- Identify and escalate material issues related to model risk, and providing consultancy with respect to potential solutions to these issues.
- Identify and articulate model limitations
- Report writing and model inventory maintenance
- Identify inconsistencies across models and escalate inconsistencies to management
What do you need to succeed?
- Experience in model validation, model development or a related position
- Product knowledge of structured equity derivatives (single and multi-asset, multi-currency products)
- An advanced degree (Masters, PhD) in a quantitative discipline, ideally in Finance
- Fluency in computational techniques, including Monte Carlo simulation, numerical and analytic solution of partial differential equations.
- Programming ability in languages like C/C++/Java/Perl/Python/VBA; adept at applications such as Excel/Matlab
- Skilled at explaining complex processes in simple language
Nice-to-have
- CFA Charter Holder and/or FRM or PRM certification
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
Actuarial Modeling, Business Analytics, Credit Analysis, Financial Regulation, Internal Auditing, Investment Risk Management, Predictive Analytics, Risk Management, Standard Operating Procedure (SOP), Statistical Analysis
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:
2025-09-12
Application Deadline:
2025-09-26
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.