Quantitative Risk Director

RBC; Toronto; On-site; CAD 150,000 - 210,000; Full time

Benefits offered by this job

Total rewards program

Coaching and development opportunities

Flexible benefits

Executive exposure to leadership

Job summary

RBC in Toronto seeks a Director, Risk Models - Global Risk Analytics to lead a team responsible for the conceptual design, development and ongoing maintenance of mathematical models used in regulatory stress testing and capital adequacy assessments from a trading and market risk perspective.

This senior role ensures model methodologies are appropriate and implemented with integrity, supporting the bank's capital adequacy management under stress scenarios and enabling clear explanations to senior

Qualifications

• Broad knowledge of traded products across asset classes.
• Excellent analytical and problem solving skills.
• Strong programming skills (Python) and data analysis capabilities.

Responsibilities

• Lead the design, development and maintenance of mathematical risk models used in regulatory stress testing and capital adequacy.
• Collaborate with model users to gather requirements and ensure alignment with business needs.
• Research regulatory requirements, evaluate modeling best practices, and document methodologies and validation results.
• Provide technical specifications to tech teams for deployment and benchmarking against alternative models.
• Develop monitoring tools for model performance and reporting to governance committees.
• Oversee model re-assessment, testing, and integration of improvements.

Skills

Broad knowledge of traded products

Analytical and problem solving

Python programming

SQL and Excel data management

Team collaboration

Adaptability in dynamic environment

People management

English communication

Education

Masters in Financial Engineering or quantitative field

Relevant professional qualification in quantitative methods/finance

Job description

What is the Opportunity?

As part of the Group Risk Management team, the Director, Risk Models - Global Risk Analytics leads a team which is responsible for the conceptual design, development, and ongoing maintenance of the mathematical models used in regulatory stress testing and capital adequacy assessments from a trading and market risk perspective.

Job Description

As part of the Group Risk Management team, the Director, Risk Models - Global Risk Analytics leads a team which is responsible for the conceptual design, development, and ongoing maintenance of the mathematical models used in regulatory stress testing and capital adequacy assessments from a trading and market risk perspective.

This includes ensuring that the model's underlying methodologies are appropriate and that they are implemented with integrity, to facilitate the effective management of the bank's capital adequacy assessment under stress scenarios.

What will you do?

• Work with model users to understand their business requirements.
• Conduct research, review regulatory requirements and consult with industry stakeholders to evaluate best practices for modeling.
• Make recommendations on model methodologies, and develop technical implementation, either for production usage or to serve as a prototype for benchmark testing.
• Provide business requirements with technical implementation details and user acceptance criteria to technology teams for production deployment, and validate implementation using independently developed benchmark models.
• Document model methodologies, implementation details and testing results, and work with internal validation to facilitate their approval of the models.
• Develop tools to assess and monitor model performance, including assumptions and limitations, on an ongoing basis for reporting to the various model monitoring governance committees.
• Investigate and remediate modeling issues identified through regular re-reviews, ongoing monitoring or by internal validation.
• Re-assessment and testing of models, including assumptions and limitations and benchmarking against alternative models, and documentation of the results in models whitepapers and annual assessments for review by internal validation.

What do you need to succeed?

Must Have:

• Broad knowledge of traded products across various asset classes.
• Strong analytical and problem solving skills.
• Excellent programming skills (e.g., Python).
• Strong data management and analysis skills (e.g. SQL and Excel).
• Ability to work collaboratively to achieve team goals.
• Agility to adapt to changing circumstances in a dynamic environment.
• Experience managing a team.
• Strong English communication skills, both written and verbal, especially in the explanation of complex modeling concepts to senior management and regulators.

Nice-to-Have:

• Masters in Financial Engineering, or a degree in another quantitative subject such as physics, statistics, mathematics or mathematical finance and/or a relevant professional qualification, with concentration in quantitative methods and/or finance.
• Understanding of regulatory requirements and industry best practices for CCAR stress testing.

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

Business Analytics, Effectiveness Measurement, Financial Derivatives, Investment Banking Analysis, Long Term Planning, Market Analysis, Market Risk, Results-Oriented, Risk Management

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: 2026-02-05
• Application Deadline: 2026-09-12
• 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 strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.