Associate Director, Global Risk Analytics

RBC; Toronto; Sur place; CAD 120 000 - 180 000; Plein temps

Résumé du poste

RBC is seeking an Associate Director in Global Risk Analytics to design, develop, and maintain mathematical models for market risk measurement and capital adequacy under CCAR and FRTB. The role involves collaborating with model users, regulatory review, and deploying robust implementations.

The incumbent will document methodologies, monitor model performance, and support governance committees, contributing to RBC's risk management framework in a dynamic financial services environment in Toronto.

Qualifications

• Broad knowledge of traded products across asset classes and CCAR regulatory requirements.
• Strong analytical and problem solving skills.
• Excellent programming skills in Python and MatLab.
• Data management and analysis skills using SQL and Excel.
• Ability to communicate complex modeling concepts to senior management and regulators.
• Collaborative and adaptable in a dynamic environment.

Responsabilités

• Understand business requirements from model users.
• Research regulatory requirements and industry best practices.
• Recommend model methodologies and develop implementations.
• Provide requirements and criteria to technology teams and validate deployments.
• Document methodologies and testing results for internal validation.
• Develop tools to monitor model performance and governance reporting.
• Investigate modeling issues from monitoring or validation.
• Reassess and benchmark models with documentation in whitepapers and annual assessments.

Connaissances

Python

MatLab

SQL

Excel

Analytical thinking

Communication skills

Formation

Masters in Financial Engineering

Quantitative degree (physics, statistics, mathematics, finance)

Description du poste

Job Description

What is the Opportunity?

As part of the Group Risk Management team, the Associate Director, Global Risk Analytics is responsible for the conceptual design, development, and ongoing maintenance of the mathematical models used for the measurement and capitalization of the market risk of RBC’s trading portfolio.

This includes ensuring that the model’s underlying methodologies are appropriate and that they are implemented with integrity, to facilitate the effective management of the bank’s market risk and capital adequacy assessment for CCAR scenarios under the FRTB framework.

What will you do?

• Work with model users to understand their business requirements.
• Conduct research, review regulatory requirements and consult with industry stakeholders to evaluate best practices for modeling.
• Make recommendations on model methodologies, and develop technical implementation, either for production usage or to serve as a prototype for benchmark testing.
• Provide business requirements with technical implementation details and user acceptance criteria to technology teams for production deployment, and validate implementation using independently developed benchmark models.
• Document model methodologies, implementation details and testing results, and work with internal validation to facilitate their approval of the models.
• Develop tools to assess and monitor model performance, including assumptions and limitations, on an ongoing basis for reporting to the various model monitoring governance committees.
• Investigate and remediate modeling issues identified through ongoing monitoring or by internal validation.
• Re-assessment and testing of models, including assumptions and limitations and benchmarking against alternative models, and documentation of the results in models whitepapers and annual assessments for review by internal validation.

What do you need to succeed?

Must Have:

• Broad knowledge of traded products across various asset classes, and knowledge of regulatory & internal risk management requirements for market risk and CCAR
• Strong analytical and problem solving skills
• Excellent programming skills (e.g., Python, MatLab)
• Data management and analysis skills (SQL and Excel required)
• Ability to work collaboratively to achieve team goals
• Agility to adapt to changing circumstances in a dynamic environment
• Strong English communication skills, both written and verbal, especially in the explanation of complex modeling concepts to senior management and regulators

Nice-to-Have:

• Masters in Financial Engineering, or a degree in another quantitative subject such as physics, statistics, mathematics or mathematical finance and/or a relevant professional qualification, with concentration in quantitative methods and/or finance.
• Experience in FRTB is considered a strong asset

What is in it for you?

We thrive on the challenge to be our best, progressive thinking, to keep growing, and working together to build and deliver trusted reporting to help our stakeholders succeed 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, competitive compensation
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to take on progressively greater accountabilities

Job Skills

Communication, Decision Making, Economic Analysis, Financial Engineering, Financial Instruments, Group Problem Solving, Investment Risk Management, Market Analysis, Market Risk, Risk Analytics, Risk Management, Statistics, Structured Query Language (SQL), Work Collaboratively

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

2026-09-29

Application Deadline

2026-10-10

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

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One 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.