Manager, Enterprise Model Risk Management

RBC; Toronto; On-site; CAD 100,000 - 125,000; Full time

Job summary

A leading financial institution in Toronto is seeking an experienced individual to validate mathematical/statistical models, especially for Credit Risk. The role involves engaging with model developers, ensuring adherence to risk policy, and conducting thorough model assessments. Applicants should possess a graduate degree in a quantitative discipline and a minimum of one year of relevant experience, particularly in model development with proficiency in programming languages such as Python. The position offers a full-time opportunity in a collaborative environment.

Benefits

Comprehensive Total Rewards Program

Development support from leaders

Collaborative team environment

Opportunity to interface with executives

Qualifications

• Minimum 1 year experience in mathematical/statistical modeling.
• Experience as a model developer/validator, front office quant, risk quant, or risk manager.

Responsibilities

• Perform effective challenge of model inputs and methodology.
• Independently build replication/benchmarking models.
• Engage model builders to validate mathematical/statistical models.
• Understand the flow and context of model usage.

Skills

Mathematical/statistical modeling

Proficient in Python or other programming languages

Analytical skills

Statistical skills

Critical thinking skills

Education

Graduate degree in quantitative discipline

Job description

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, mainly (but not exclusively) focusing on models related to Credit Risk (PD/LGD/EAD/etc.) for IFRS 9 and EWST. 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.
• Minimum 1 year 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.
• Proficient in model development in Python or other programing language.

Nice-to-have

• 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: 2026-01-05

Application Deadline: 2026-01-20

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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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.