Director, Counterparty Risk Modeling & 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

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.