Model Risk Intern: Validate & Improve Bank Models

0000050007 Royal Bank of Canada; Toronto; On-site; CAD 32,000 - 38,000; Full time

Job summary

Royal Bank of Canada (RBC) invites you to join its Enterprise Model Risk Management (EMRM) team as an intern for the 2027 Winter co‑op placement in Toronto, Ontario. You will validate models, assess risk, and work with model owners and users to analyze, deliver, and implement projects.

The role emphasises problem-solving, programming in Python/R, and collaboration across teams. This 4‑month term runs January to April 2027 with a focus on practical learning within a dynamic, supportive

Qualifications

• Currently enrolled at a Canadian post-secondary institution.
• Strong problem solving and analytical skills with initiative.
• Programming skills in Python, R (or similar).
• Strong interpersonal and communication skills (verbal and written).
• Ability to work collaboratively to achieve team goals.
• Knowledge of financial services industry and model risk is a plus.

Responsibilities

• Validate models and assess their risks as part of an agile EMRM team.
• Challenge model design, methodology and performance with owners/users.
• Analyze, deliver, and implement projects and activities.
• Actively contribute to EMRM beyond your own team.
• Seek to improve how model assessments are conducted.

Skills

Analytical skills

Problem solving

Programming (Python)

Programming (R)

Communication skills

Team collaboration

Education

Currently enrolled in a post-secondary program

Tools

Python

R

Job description

Royal Bank of Canada (RBC) invites you to join its Enterprise Model Risk Management (EMRM) team as an intern for the 2027 Winter co‑op placement in Toronto, Ontario. You will validate models, assess risk, and work with model owners and users to analyze, deliver, and implement projects.

The role emphasises problem-solving, programming in Python/R, and collaboration across teams. This 4‑month term runs January to April 2027 with a focus on practical learning within a dynamic, supportive