Associate Director, Model Risk Management

RBC; Toronto; On-site; CAD 150,000 - 200,000; Full time

Job summary

A leading financial institution in Toronto is looking for an Associate Director, Model Risk Management. This role involves validating financial models and ensuring compliance with model risk policies. Candidates should have a graduate degree in a quantitative field and more than 3 years of quantitative analysis experience. You'll work in a collaborative and agile team, making a significant impact on model risk management strategies.

Benefits

Comprehensive Total Rewards Program

Leadership support for development

Opportunity for impactful work

Qualifications

• More than 3 years of working experience in quantitative analysis.
• Strong quantitatively-oriented knowledge of financial products.

Responsibilities

• Validate US Credit models and oversee the Compliance Risk Assessment program.
• Conduct local model risk management in mortgage loan and Securitized Product models.
• Engage risk, finance, and front office personnel to manage model risk.

Skills

Quantitative analysis

Knowledge of financial products

Regulatory requirements for model risk management

Education

Graduate university degree in a quantitative discipline

Job description

Job Description

As Associate Director, Model Risk Management, you will act as an effective challenger to model users/ modelers on all matters pertaining to model risk. You will facilitate compliance with RBC model risk policies and procedures, with an emphasis on model risk controls pertaining to model usage.

What will you do?

• Validate US Credit models (C&I, CRE, mortgage and credit card portfolios), PPNR models, and/or Securitized Product models. Oversee the Compliance Risk Assessment (CRA) program, ensuring that compliance risks are effectively identified, assessed, and mitigated across business lines and regions
• Conduct local model risk management in mortgage loan models and Securitized Product models
• Engage the risk, finance, front office, and other related function group personnel, as necessary to pro-actively identify, assess, monitor, and manage model risk

What do you need to succeed?

• Graduate university degree in a quantitative discipline such as math, physics, econometrics, statistics, or financial engineering
• Have more than 3 years of working experience in quantitative analysis
• Possess a strong quantitatively-oriented knowledge of financial products and industry best practices and regulatory requirements for model risk management.

What’s in it for you?

• 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

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: 2025-11-12

Application Deadline: 2025-11-29

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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