Director, Counterparty Credit Risk Models, Global Risk Analytics

RBC; Toronto; On-site; CAD 180,000 - 230,000; Full time

Benefits offered by this job

Bonuses and flexible benefits

Total Rewards Program

Dynamic team environment

Job summary

RBC is seeking a Director of Counterparty Credit Risk Analytics to lead model design, development, and validation for the bank's CCR across derivatives and SFTs. You will guide methods, ensure regulatory alignment, and drive governance through internal validation and benchmarking.

The role requires strong leadership, advanced quantitative skills, and expert programming in Python, with a focus on delivering rigorous, auditable models for risk measurement.

Qualifications

• Broad knowledge of traded products across asset classes.
• Understanding regulatory requirements for CCR measurement and management.
• Strong analytical and problem-solving abilities.
• Excellent programming skills, e.g., Python.
• Strong data management and analysis skills (SQL, Excel).
• Ability to work collaboratively to achieve team goals.
• Agility to adapt in a dynamic environment.
• Experience managing a team.

Responsibilities

• Design, develop, and maintain mathematical models for CCR analytics.
• Collaborate with model users to understand business requirements.
• Evaluate modeling practices against regulatory expectations.
• Provide technical specifications for deployment and benchmarking.
• Document methodologies and testing results for validation.
• Develop tools to monitor model performance and limitations.
• Recalibrate and re-assess models; update whitepapers and assessments.
• Work with governance committees and internal validation.

Skills

Traded products knowledge

Regulatory requirements understanding

Analytical and problem-solving

Python programming

Data management and analysis

Team collaboration

Adaptability in dynamic environment

People management experience

Clear English communication

Education

Masters in Financial Engineering

Quantitative degree (physics/statistics/math/financial math)

Tools

Python

SQL

Excel

Job description

What is the Opportunity?

As part of the Group Risk Management team, the Director, Counterparty Credit Risk Analytics leads a team which is responsible for the conceptual design, development, and ongoing maintenance of the mathematical models used for the measurement and capitalization of the counterparty credit risk of RBC's derivative and SFT 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 CCR.

Job Description

The role involves designing, developing, and maintaining mathematical models, ensuring integrity and compliance with regulations. The responsibilities are detailed below.

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 regular re-reviews, ongoing monitoring or by internal validation.
• Recalibrate models on a regular basis.
• 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.
• Understanding of regulatory requirements and industry best practices for the measurement and management of counterparty credit risk.
• Strong analytical and problem solving skills.
• Excellent programming skills (e.g., Python).
• Strong data management and analysis skills (e.g. SQL and Excel).
• Ability to work collaboratively to achieve team goals.
• Agility to adapt to changing circumstances in a dynamic environment.
• Experience managing a team.
• 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.

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

Analytical Thinking, Complex Modeling, Counterparty Credit Risk (CCR), Counterparty Risk, Counterparty Risk Management, Financial Engineering, Mathematical Finance, Mathematics Modeling, Model Development, Model Risk, Risk Analytics, Risk Management, Risk 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: 2026-08-13

Application Deadline: 2026-10-23

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.