Associate Director, Enterprise Model Risk Management

0000050007 Royal Bank of Canada; Toronto; On-site; CAD 100,000 - 130,000; Full time

Job summary

A leading Canadian bank is seeking an Associate Director for its Enterprise Model Risk Management team. The role involves validating credit risk models and ensuring compliance with regulatory requirements. Candidates should have at least 3 years of relevant experience, strong analytical and programming skills in Python, and a postgraduate degree in a quantitative field. This full-time position is based in Toronto with an emphasis on collaboration and communication within the team.

Benefits

Comprehensive Total Rewards Program

Leadership development opportunities

Impact through community involvement

Qualifications

• Minimum 3 years of model development or validation experience, primarily related to credit risk.
• Experience with AI/machine learning and logistic regression techniques.
• Strong analytical and communication skills for validating models.

Responsibilities

• Validate newly developed credit models and support their use.
• Apply various techniques to review and assess models.
• Develop reports summarizing validations and recommendations.

Skills

Model validation experience

Analytical skills

Communication skills

Proficient Python programming

SQL proficiency

Education

Post graduate degree in a quantitative field

Tools

Artificial intelligence modeling

Machine learning techniques

Hadoop

Spark

Tableau

Job description

Associate Director, Enterprise Model Risk Management page is loaded

Associate Director, Enterprise Model Risk Management

Apply locations TORONTO, Ontario, Canada time type Full time posted on Posted Yesterday time left to apply End Date: August 25, 2025 (11 days left to apply) job requisition id R-0000133276

Job Description

What is your opportunity?

As Associate Director, Enterprise Model Risk Management (EMRM) in our Group Risk Management (GRM) team, you will be responsible for end-to-end execution and documentation of credit risk model validation projects within RBC’s Canadian Banking platform. Your role is to independently assess and provide an objective opinion on the soundness of credit risk models using both qualitative and quantitative industry best practices. Specific activities include collaborating with model developers, opining on the adequacy of model documentation, assessing the suitability of models for their intended purpose, reviewing data inputs and outputs, building benchmark models to support validation conclusions, ensuring compliance with internal policies as well as regulatory requirements, communicating validation results, and providing recommendations for improvements.

What will you do?

• Perform initial review and validation of newly developed credit models and make recommendations supporting use of the model.

• Employ various quantitative and qualitative techniques to review, test, replicate, challenge, benchmark and assess credit risk models.

• Utilize strong analytical and written communication skills to execute ongoing model validations once models reach their expected outcome period for all Canadian Banking credit risk models as governed by RBC’s Enterprise Model Risk Management policy.

• Develop comprehensive reports summarizing key observations, conclusions, and recommendations in support of completed model validations.

• Ensure model validations are planned and completed in accordance with timelines established in the Enterprise Model Risk policy based on each model’s materiality and uncertainty rating.

What do you need to succeed?

• 3 + years of model development or model validation experience, preferably related to credit risk models used within the financial services industry.

• Hands-on experience with artificial intelligence / machine learning modeling techniques (deep learning, XGboost) as well as logistic regression modeling techniques.

• Proficient Python programmer with a proven track record of delivering high-quality code.

• Comfortable working with large data sets. Solid understanding of data extraction and data mining, proficiency in SQL.

• Strategic thinker with superior interpersonal, verbal and written communication skills and with strong consensus-building skills.

• Post graduate degree in a quantitative field of study (i.e. PhD, Master of Mathematical Finance, Statistics, Computer Science, Applied Mathematics, Data Science or comparable).

Nice-to-Haves:

• Knowledge of Canadian retail banking products and processes. A strong understanding of retail credit risk modeling theories, principles and industry best practices.

• A strong understanding of RBC’s policies, procedures, systems, risk appetite, risk tolerance, strategies and the overall role of risk management within RBC is a definite asset.

• Experience with Hadoop, Spark, object storage solutions. Familiar with Tableau or other data visualization tools. Experience with version control tools (git).

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

Critical Thinking, Economic Analysis, Risk Control, Scoring Models

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:

2025-07-09

Application Deadline:

2025-08-25

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

Inclusion 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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About Us

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 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 16 million clients in Canada, the U.S. and 34 other countries. Learn more at rbc.com .

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