Manager, Enterprise Model Risk Management

RBC; Toronto; On-site; CAD 131,000 - 155,000; Full time

Job summary

RBC is seeking a Manager for the Enterprise Model Risk Management role to ensure compliance with regulatory policies and thorough documentation of models. The successful candidate will engage with model stakeholders to validate and challenge modeling processes. This position offers a rewarding opportunity to contribute to risk management strategies within a dynamic banking environment.

Benefits

Comprehensive Total Rewards Program including bonuses

Development through coaching and managing opportunities

Ability to make a lasting impact

Collaborative and high-performing team environment

Qualifications

• Master's degree in physics, math, engineering, or a related field.
• Strong academic and research background may count as work experience.
• At least 2 years of experience in a quantitative modeling role.

Responsibilities

• Validate and challenge mathematical/statistical models used by RBC.
• Ensure compliance with RBC model risk policy.
• Maintain documentation of model purpose and usage.

Skills

Analytical skills

Statistical skills

Computational skills

Critical thinking

Proficiency in Python

Education

Graduate degree in a quantitative discipline

Job description

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Job Summary

Ensure EMRM has proper understanding and documentation of the models’ business purpose and context and will facilitate RBC compliance with regulatory policies, guidelines, and procedures on model risk.

Job Summary

Ensure EMRM has proper understanding and documentation of the models’ business purpose and context and will facilitate RBC compliance with regulatory policies, guidelines, and procedures on model risk.

Job Description

What is your opportunity?

You will work in close proximity with model stakeholders in order to vet and validate mathematical/statistical models used by RBC. You will also act as a trusted advisor and effective challenger to model developers and users on all matters pertaining to risk modeling requirements.

What will you do?

• Perform effective challenge of model inputs, methodology, and implementation. Independently build replication/benchmarking models
• Engage model builders and related function groups personnel as necessary in order to proactively assess, document, and independently validate mathematical/statistical models and their usage by the bank.
• Acquire and maintain a thorough understanding of the flow and context of model usage by the business.
• Ensure that model users adhere to RBC model risk policy
  
  

What do you need to succeed?

Must-have

• Graduate degree in a quantitative discipline such as physics, math, engineering, computer science, statistics, finance or financial engineering. Strong academic and research background may also count towards work experience.
• At least 2 years of work experience in mathematical/statistical modeling in a similar or related role such as a model developer/validator, a front office quant, a risk quant, or a risk manager. Ph.D. research count as experience.
• Proficient in model development in Python or other programing language.
• Broad exposure to and excellent knowledge of a wide range of financial models and model validation/testing techniques.
• Exceptional analytical, statistical, computational and critical thinking skills
  
  

What’s in it for you?

We thrive on the challenge to be our best, thinking progressively 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
• 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:

2025-06-03

Application Deadline:

2025-06-18

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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Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Banking and Financial Services

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