2027 Winter - GRM, Model Risk Intern (4 Months)

0000050007 Royal Bank of Canada; Toronto; On-site; CAD 32,000 - 38,000; Full time

Job summary

Royal Bank of Canada (RBC) invites you to join its Enterprise Model Risk Management (EMRM) team as an intern for the 2027 Winter co‑op placement in Toronto, Ontario. You will validate models, assess risk, and work with model owners and users to analyze, deliver, and implement projects.

The role emphasises problem-solving, programming in Python/R, and collaboration across teams. This 4‑month term runs January to April 2027 with a focus on practical learning within a dynamic, supportive

Qualifications

• Currently enrolled at a Canadian post-secondary institution.
• Strong problem solving and analytical skills with initiative.
• Programming skills in Python, R (or similar).
• Strong interpersonal and communication skills (verbal and written).
• Ability to work collaboratively to achieve team goals.
• Knowledge of financial services industry and model risk is a plus.

Responsibilities

• Validate models and assess their risks as part of an agile EMRM team.
• Challenge model design, methodology and performance with owners/users.
• Analyze, deliver, and implement projects and activities.
• Actively contribute to EMRM beyond your own team.
• Seek to improve how model assessments are conducted.

Skills

Analytical skills

Problem solving

Programming (Python)

Programming (R)

Communication skills

Team collaboration

Education

Currently enrolled in a post-secondary program

Tools

Python

R

Job description

What is the opportunity?

Are you interested in the opportunity to work as an Intern at RBC? By applying to this job posting, you will be considered for roles available within RBC’s Enterprise Model Risk Management (EMRM) team supporting the review, testing, and assessment of models.

What will you do?

Work as part of an agile team responsible for validating models and assessing their risks.

Support the challenge of a model’s design, methodology and performance with the model owners and users.

Analyze, deliver, and implement projects and activities.

Be an active contributor to not only your individual team, but to other areas of EMRM.

Seek to improve ways to do a model’s assessment.

What do you need to succeed?

• Currently enrolled at a Canadian post-secondary institution
• Excellent problem solving and proven analytical skills, with a high degree of initiative
• Strong programming skills in one or more languages (e.g., Python, R, etc.)
• Strong interpersonal and communication skills (verbal and written)
• Ability to work collaboratively to achieve team goals

• Knowledge and understanding of financial services industry (Banking, Insurance)
• Knowledge and understanding of model risk and assessment process
• Ability to learn and absorb new concepts (in business and in systems) quickly and apply new knowledge
• Experience working on model development

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.

• Network and build lasting relationships with students from diverse backgrounds from across Canada
• Participate in fun events and gamification challenges to help build your career tool kit while enjoying a work-life balance
• Leaders who support your development through coaching and learning opportunities
• Work in a dynamic, collaborative, progressive and highly performing team
• Ability to make a difference and lasting impact
• Enjoy a comfortable work environment with the option to dress casually

Please note: This posting is for a 4-months Winter 2027 Student placement with a start date of January 2027, and end date of April 2027. In order to be eligible for this 4-months Student position, you must either: Be returning back to school after the work term end-date of April 2027; or If you are not returning back to school (i.e. are graduating in April 2027), you must require the full 4-months work term as a mandatory component in order to graduate successfully.

RBC’s Commitment

RBC is committed to supporting flexible work arrangements when and where available.

The successful candidate for this role will be required to be located within Ontario for the duration of the work term. Details regarding the specific virtual, hybrid, and in‑office arrangements for this Integrated Learning/ Co‑op position are to be discussed with the Hiring Manager.

Additional Job Details

• Address: 180 WELLINGTON ST W:TORONTO
• City: Toronto
• Country: Canada
• Work hours/week: 37.5
• Employment Type: Full time
• Platform: GROUP RISK MANAGEMENT
• Job Type: Student/Coop (Fixed Term)
• Pay Type: Salaried
• Posted Date: 2026-08-26
• Application Deadline: 2026-09-21

Our Employment Opportunities at RBC

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We bring our purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 84,000+ employees who 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 more than 16million clients in Canada, the U.S. and 34 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 rbc.com/community-social-impact.

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.