Manager, Enterprise Model Risk Management

RBC; Toronto; On-site; CAD 80,000 - 110,000; Full time

Job summary

A leading financial institution in Toronto seeks a Model Validation Manager to ensure the integrity of structured equity derivative models. Responsibilities include validating models, consulting on technical issues, and identifying model limitations. Candidates should have an advanced degree and experience in model validation. Join a collaborative team dedicated to enhancing financial safety and performance.

Benefits

Comprehensive Total Rewards Program

Development through coaching

Agile and high-performing team

Qualifications

• Experience in model validation, model development or a related position.
• Product knowledge of structured equity derivatives.
• Fluency in computational techniques, including Monte Carlo simulation.
• Programming ability in various languages.

Responsibilities

• Independently validate new and existing valuation and risk measurement models.
• Provide consultancy regarding technical model issues.
• Identify and articulate model limitations.

Skills

Actuarial Modeling

Business Analytics

Credit Analysis

Financial Regulation

Internal Auditing

Investment Risk Management

Predictive Analytics

Risk Management

Standard Operating Procedure (SOP)

Statistical Analysis

Education

Advanced degree (Masters, PhD) in a quantitative discipline

Tools

C/C++/Java/Perl/Python/VBA

Excel

Matlab

Python

VBA

Excel

Matlab

Job description

Job Description

What is the opportunity?

As a manager, you are responsible for model validation and benchmark model development of structured equity derivative models. Your responsibilities include preventing any loss that could occur due to the misuse of mathematically complex models, for the purpose of protecting and enhancing RBC’s financial safety and reputation.

As a manager, you will evaluate material issues related to model risk and increase the bank’s operational effectiveness in dealing with a large volume of regulatory-driven model validation initiatives. You will contribute to RBC’s goal of being a leading financial services partner valued for our expertise.

What will you do?

• Independently validate new and existing valuation and risk measurement models for RBC Capital Markets with a concentration on structured equity derivatives.
• Provide consultancy to Local Market Risk, Finance and Global Valuations regarding technical model issues and independent price verification issues.
• Identify and elevate material issues related to model risk, and providing consultancy with respect to potential solutions to these issues.
• Identify and articulate model limitations.
• Report writing and model inventory maintenance.
• Identify inconsistencies across models and escalate inconsistencies to management.

What do you need to succeed?

• Experience in model validation, model development or a related position.
• Product knowledge of structured equity derivatives (single and multi-asset, multi-currency products).
• An advanced degree (Masters, PhD) in a quantitative discipline, ideally in Finance.
• Fluency in computational techniques, including Monte Carlo simulation, numerical and analytic solution of partial differential equations.
• Programming ability in languages like C/C++/Java/Perl/Python/VBA; adept at applications such as Excel/Matlab.
• Skilled at explaining complex processes in simple language.

Nice-to-have

• CFA Charter Holder and/or FRM or PRM certification.

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

• Actuarial Modeling
• Business Analytics
• Credit Analysis
• Financial Regulation
• Internal Auditing
• Investment Risk Management
• Predictive Analytics
• Risk Management
• Standard Operating Procedure (SOP)
• Statistical Analysis

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: 2025-10-24

Application Deadline: 2025-11-15

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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