Associate Director, GRA - Market Risk Analytics

rbc; Toronto; On-site; CAD 120,000 - 190,000; Full time

Job summary

RBC in Toronto is seeking an Associate Director to lead analysis and develop VaR models for internal risk management and regulatory capital reporting. You will work with capital markets across asset classes and collaborate with risk and data teams to implement robust methodologies and documentation for regulators.

This role offers exposure to governance, model validation, and performance monitoring, with opportunities to influence risk strategies in a high‑impact financial services environment.

Qualifications

• Over 1 years of working experience in quantitative analytics field.
• Knowledge of regulatory requirements under statistical regression models, market risk models and regulatory rules.
• Excellent programming skills (Python or equivalent).
• Proficiency in data management and visualization tools, including databases (SQL/Tableau).
• Ability to collaborate effectively and adapt in dynamic environments.
• Excellent communication skills with the ability to simplify complex information clearly.

Responsibilities

• Develop Value-at-Risk (VaR) models for various financial instruments.
• Develop computer program to implement the methodology or test methodology soundness.
• Remediate model issues from internal validation, internal audit as well as external regulators.
• Create documentation for the risk models that will satisfy regulatory expectations (for example, SR-11-7 guidelines published by the Fed).
• Develop and implement performance monitoring framework for VaR models. Conduct model performance monitoring on a regular basis. Summarize the monitoring results into documentation and present results in review committees.
• Work with market data team to ensure the accuracy and completeness of the market data used to support the various models.
• Provide comprehensive explanation to risk managers, senior management and regulators regarding methodology analysis.

Skills

VaR modeling

Python

Data analysis

Collaboration

Tools

SQL

Tableau

Excel

Job description

What is the opportunity?

As Associate Director, you will take a leading role and undertake analysis to design, develop, and provide ongoing maintenance of the quantitative models used in internal risk management and regulatory capital reporting. In this role you will support capital markets trading and investment portfolios across different asset class. This includes working with the business and the broader risk teams to develop Value-at-Risk (VaR) models, which facilitates the bank's effective risk management and governance on market and counterparty credit risk model usage.

What will you do?

• Develop Value-at-Risk (VaR) models for various financial instruments.
• Develop computer program to implement the methodology or test methodology soundness.
• Remediate model issues from internal validation, internal audit as well as external regulators.
• Create documentation for the risk models that will satisfy the regulatory expectations (for example, SR-11-7 guidelines published by the Fed).
• Develop and implement performance monitoring framework for VaR models. Conduct model performance monitoring on a regular basis. Summarize the monitoring results into documentation and present results in review committees.
• Work with market data team to ensure the accuracy and completeness of the market data used to support the various models.
• Provide comprehensive explanation to risk managers, senior management and regulators regarding methodology analysis.

Must-have

• Over 1 years of working experience in quantitative analytics field.
• Good knowledge of regulatory requirements under statistical regression models, market risk models and regulatory rules. Broad product knowledge across fixed income, equity and derivative instruments.
• Excellent programming skills (Python or equivalent).
• Proficiency in data management and visualization tools, including databases (SQL/Tableau).
• Ability to collaborate effectively and contribute to team objectives.
• Adaptability to changing circumstances in dynamic environments.
• Excellent communication skills with the ability to simplify complex information clearly.

Nice-to-have

• Prior experience in a trading or risk modeling role.
• Proficiency in developing statistical models using complex, large-scale time series datasets.
• Be familiar with secondar trading market of fixed income instruments in USA.

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.

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• A world-class training program in financial services
• Flexible work/life balance options
• Opportunities to do challenging work

Job Skills

Quantitative Models, Value at Risk (VaR)

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: 2026-10-13 Application Deadline: 2026-10-31 Note : Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Our Employment Opportunities

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.