Job Description

What is the opportunity?

As Manager, Enterprise Model Risk Management (EMRM), you work in close proximity to model stakeholders in order to vet and validate models used by RBC, mainly focusing on Capital Market interest rate models.


You act as a trusted advisor and effective challenger to model developers and users on all matters pertaining to modeling requirements. The Manager will ensure EMRM has proper understanding and documentation of the models' business purpose and context, while facilitating RBC compliance with regulatory policies, guidelines and procedures on model risk.

What will you do?

Engage model builders (Front Office, Market Risk, etc.) and related function groups personnel as necessary in order to pro-actively assess, document, and independently validate mathematical models and their usage by the bank. Validate (replicate, benchmark, backtest, and apply other techniques as applicable) interest rate and hybrid derivative pricing and risk models used for financial and regulatory (RMR, FRTB) reporting for RBC trading activities. Identify and escalate material issues related to model risk, and provide consultancy to model stakeholders with respect to potential technical solutions to these issues and designing model performance monitoring frameworks. Prevent 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. Acquire and maintain a thorough understanding of the flow and context of model usage by the business. Ensure that model users adhere to RBC model risk policy.

What do you need to succeed?

Must-have

A graduate degree in quantitative areas, such as Mathematics, Statistics, Physics, Computer Science, Engineering, Finance, Financial Engineering and Economics. Broad exposure to and excellent knowledge of derivative pricing models and risk management methodology Experienced in computational techniques, including Monte Carlo simulation, numerical and analytic solution of partial differential equations. Strong programming skills: C/C++, Python proficiency. Strong communication and interpersonal skills. Previous work experience in mathematical modeling in a similar or related role, such as a model developer or validator, a front office quant, a risk quant, or a risk manager, most preferably in a large financial institution.

Nice-to-have

FRM or PRM certification, CFA Charter Holder.

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.

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 Skills

Business, C++ Programming Language, Communication, Critical Thinking, Financial Instruments, Group Problem Solving, Investment Risk Management, Investments, Market Risk, People Management, Quantitative Methods, Risk Management, Structured Query Language (SQL)

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:

2025-09-17

Application Deadline:

2025-10-02

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.