Manager Enterprise Model Risk management

RBC; Toronto; On-site; CAD 120,000 - 180,000; Full time

Benefits offered by this job

Total rewards program

Coaching & development opportunities

Dynamic, collaborative team

Challenging work

Flexible work arrangements

Job summary

RBC is seeking a Senior Analyst in Enterprise Model Risk Management in Toronto to validate credit-related capital markets models used for pricing, regulatory reporting, and risk management. The role focuses on identifying material model risk issues and offering technical solutions and monitoring frameworks.

You will work with Market Risk, Finance, and Global Valuations to address model limitations and ensure robust validation processes in a fast-paced environment.

Qualifications

• Graduate degree in a quantitative area such as Mathematics, Physics, CS, Engineering, Finance, or Economics.
• Strong knowledge of derivative pricing models and risk management methodologies.
• Experience with Monte Carlo simulation and numerical/analytic PDE techniques.
• Strong programming skills in C/C++ and Python.
• Excellent communication and interpersonal skills.

Responsibilities

• Take ownership of assigned models to provide effective testing and oversight of model risk.
• Deliver validation reports, technical documents, and testing code and tools.
• Streamline and automate validation tests where feasible.
• Identify model limitations and streamline inconsistencies for management.
• Consult with Market Risk, Finance, and Global Valuations on technical model issues.

Skills

C/C++

Python

Derivative pricing

Monte Carlo simulation

Communication skills

Education

Graduate degree in quantitative field

Job description

What is the opportunity?

As part of the Group Risk Management (GRM) team, the Senior Analyst, Enterprise Model Risk Management will validate (replicate, benchmark, back- test, and apply other techniques as applicable) credit-related capital markets models (pricing used for financial and regulatory reporting for RBC trading activities. The ideal candidate will identify and upscale material issues related to model risk, and provide consultancy to model stakeholders with respect to potential technical solutions to these issues and designing model performance monitoring frameworks.

Job Description

What is the opportunity?

As part of the Group Risk Management (GRM) team, the Senior Analyst, Enterprise Model Risk Management will validate (replicate, benchmark, back- test, and apply other techniques as applicable) credit-related capital markets models (pricing used for financial and regulatory reporting for RBC trading activities. The ideal candidate will identify and upscale material issues related to model risk, and provide consultancy to model stakeholders with respect to potential technical solutions to these issues and designing model performance monitoring frameworks.

What will you do?

• Take ownership of assigned models to provide effective testing and oversight of model risk while ensuring that validation activities are completed in an efficient manner.
• Deliver required work products in a timely manner: validation reports, technical documents, and testing code and tools.
• Streamline and automate validation tests as much as feasible.
• Identify and articulate model limitations and inconsistencies across models and streamline inconsistencies to management.
• Consult with Market Risk, Finance, and Global Valuations regarding technical model issues and independent price verification issues.

What do you need to succeed?

Must-have

• Graduate degree in a quantitative area such as Mathematics, Physics, Computer Science, Engineering, Finance, Financial Engineering, or Economics.
• Broad exposure to and excellent knowledge of derivative pricing models and risk management methodology.
• Experienced in computational techniques, including Monte Carlo simulation and numerical and analytic techniques for solving partial differential equations.
• Strong programming skills: C/C++ and Python preferred.
• Strong communication and interpersonal skills.

Nice-to-have

• Previous work experience in mathematical modeling in a similar or related role, such as a model developer or validator, a front office quant, a risk quant, or a risk manager.
• FRM or PRM certification, CFA Charter Holder.

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
• Leaders who support your development through coaching and managing opportunities
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work
• Flexible work/life balance options

Job Skills

Business Performance Management, Investment Economics, Investment Risk, Investment Risk Management, Market Risk, Performance Management (PM), Risk Control, Risk Management, Standard Operating Procedure (SOP)

Additional Job Details

Address:

180 WELLINGTON ST W: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:

2026-08-07

Application Deadline:

2026-08-31

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 strides to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.