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Associate Director, Enterprise Model Risk Management
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Toronto, Canada Royal Bank of Canada Full timeJob SummaryJob DescriptionWHAT IS THE OPPORTUNITY?Join RBC's Enterprise Model Risk Management (EMRM) team as an associate director. This role offers you the chance to ensure oversight of model risk, ensuring the integrity and efficacy of various quantitative models used in the bank. You'll play a cr
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Toronto, Ontario, Canada Royal Bank of Canada> Full timeJob SummaryWe are seeking an experienced Associate Director to join our Enterprise Model Risk Management team. As a key member of our team, you will play a critical role in ensuring the integrity and efficacy of various quantitative models used in the bank.Job DescriptionAs an Associate Director, you will be responsible for validating models, engaging with...
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Toronto, Ontario, Canada Royal Bank of Canada> Full timeJob SummaryWe are seeking an experienced Associate Director to join our Enterprise Model Risk Management team. As a key member of our team, you will play a critical role in ensuring the integrity and efficacy of various quantitative models used in the bank.Job DescriptionAs an Associate Director, you will be responsible for validating models, engaging with...
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Toronto, Ontario, Canada Royal Bank of Canada> Full timeJob SummaryWe are seeking an experienced Associate Director to join our Enterprise Model Risk Management team. As a key member of our team, you will play a critical role in ensuring the integrity and efficacy of various quantitative models used in the bank.Job DescriptionAs an Associate Director, you will be responsible for:Validating models: Including...
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Toronto, Ontario, Canada Royal Bank of Canada> Full timeJob SummaryWe are seeking an experienced Associate Director to join our Enterprise Model Risk Management team. As a key member of our team, you will play a critical role in ensuring the integrity and efficacy of various quantitative models used in the bank.Job DescriptionAs an Associate Director, you will be responsible for:Validating models: Including...
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Old Toronto, Ontario, Canada Royal Bank of Canada Full timeJob SummaryAs an Associate Director, Enterprise Model Risk Management, you will be responsible for validating interest rate and hybrid derivative pricing and risk models used for financial and regulatory reporting for RBC trading activities. This involves replicating, benchmarking, backtesting, and applying other techniques as applicable to ensure the...
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Toronto, Ontario, Canada Royal Bank of Canada Full timeJob SummaryAs an Associate Director, Enterprise Model Risk Management, you will be responsible for validating interest rate and hybrid derivative pricing and risk models used for financial and regulatory reporting for RBC trading activities. This role requires a strong understanding of derivative pricing models and risk management methodology, as well as...
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Toronto, Ontario, Canada Royal Bank of Canada Full timeJob SummaryAs an Associate Director, Enterprise Model Risk Management, you will be responsible for validating interest rate and hybrid derivative pricing and risk models used for financial and regulatory reporting for RBC trading activities. This role requires a strong understanding of derivative pricing models and risk management methodology, as well as...
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Toronto, Ontario, Canada Royal Bank of Canada Full timeJob SummaryAs an Associate Director, Enterprise Model Risk Management, you will be responsible for validating interest rate and hybrid derivative pricing and risk models used for financial and regulatory reporting for RBC trading activities. This involves replicating, benchmarking, backtesting, and applying other techniques as applicable to ensure the...
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Toronto, Ontario, Canada Royal Bank of Canada Full timeJob SummaryAs an Associate Director, Enterprise Model Risk Management, you will be responsible for validating interest rate and hybrid derivative pricing and risk models used for financial and regulatory reporting for RBC trading activities. This involves replicating, benchmarking, backtesting, and applying other techniques as applicable to ensure the...
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Toronto, Ontario, Canada Royal Bank of Canada Full timeJob SummaryAs an Associate Director, Enterprise Model Risk Management, you will be responsible for validating interest rate and hybrid derivative pricing and risk models used for financial and regulatory reporting for RBC trading activities. You will work closely with model stakeholders to identify and escalate material issues related to model risk, and...
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Toronto, Ontario, Canada Royal Bank of Canada Full timeJob SummaryAs an Associate Director, Enterprise Model Risk Management, you will be responsible for validating interest rate and hybrid derivative pricing and risk models used for financial and regulatory reporting for RBC trading activities. You will work closely with model stakeholders to identify and escalate material issues related to model risk, and...
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Toronto, Ontario, Canada Royal Bank of Canada> Full timeJob SummaryWe are seeking an experienced Associate Director to join our Enterprise Model Risk Management team. This role offers a unique opportunity to ensure the integrity and efficacy of various quantitative models used in the bank, while safeguarding against regulatory, financial, and reputational risks linked to model risks.Key ResponsibilitiesModel...
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Toronto, Ontario, Canada Royal Bank of Canada> Full timeJob SummaryWe are seeking an experienced Associate Director to join our Enterprise Model Risk Management team. This role offers a unique opportunity to ensure the integrity and efficacy of various quantitative models used in the bank, while safeguarding against regulatory, financial, and reputational risks linked to model risks.Key ResponsibilitiesModel...
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Toronto, Ontario, Canada Royal Bank of Canada> Full timeJob SummaryWe are seeking an experienced Associate Director to join our Enterprise Model Risk Management team. As a key member of our team, you will play a critical role in ensuring the integrity and efficacy of various quantitative models used in the bank.Job DescriptionWhat is the Opportunity?The successful candidate will be responsible for validating...
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Toronto, Ontario, Canada Royal Bank of Canada> Full timeJob SummaryWe are seeking an experienced Associate Director to join our Enterprise Model Risk Management team. As a key member of our team, you will play a critical role in ensuring the integrity and efficacy of various quantitative models used in the bank.Job DescriptionWhat is the Opportunity?The successful candidate will be responsible for validating...
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Enterprise Model Risk Management Director
2 weeks ago
Toronto, Ontario, Canada Royal Bank of Canada> Full timeJob SummaryJob DescriptionAt Royal Bank of Canada, we are seeking a highly skilled Associate Director to join our Enterprise Model Risk Management (EMRM) team. This role offers a unique opportunity to ensure the integrity and efficacy of various quantitative models used in the bank, safeguarding against regulatory, financial, and reputational risks linked to...
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Associate Director, Enterprise Model Risk Management
3 months ago
Toronto, Canada Royal Bank of Canada> Full timeJob SummaryJob DescriptionWHAT IS THE OPPORTUNITY?Join RBC’s Enterprise Model Risk Management (EMRM) team as an associate director. This role offers you the chance to ensure oversight of model risk, ensuring the integrity and efficacy of various quantitative models used in the bank. You’ll play a critical role in safeguarding the company against...
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Old Toronto, Ontario, Canada Royal Bank of Canada Full timeJob SummaryWe are seeking a highly skilled Associate Director, Enterprise Model Risk Management to join our team at Royal Bank of Canada. As a key member of our Group Risk Management team, you will be responsible for validating interest rate and hybrid derivative pricing and risk models used for financial and regulatory reporting.The ideal candidate will...
Associate Director, Enterprise Model Risk Management
3 months ago
Job Summary
Job Description
WHAT IS THE OPPORTUNITY?
Join RBCâs Enterprise Model Risk Management (EMRM) team as an associate director. This role offers you the chance to ensure oversight of model risk, ensuring the integrity and efficacy of various quantitative models used in the bank. Youâll play a critical role in safeguarding the company against regulatory, financial, and reputational risks linked to model risks. Your expertise will help prevent potential losses and ensure compliance with RBCâs stringent risk management standards.
WHAT WILL YOU DO?
Validate models: Including but not limited to, regression models, front office pricing models, market and counterparty credit risk models, and credit risk models.
Engage with stakeholders: Work closely with risk, finance, front office, and other related function group personnel to identify, assess, monitor, and manage model risk proactively.
Oversight responsibilities: Ensure that, per RBC model risk policy, models are:
Appropriately registered and risk rated by EMRM (Enterprise Model Risk Management).
Validated before use.
Following appropriate protocol when adjustments or other changes are made to a model, its inputs or outputs.
As appropriate and where independence of oversight is not compromised, offer input on model design or use that would enhance the management of model risk.
WHAT DO YOU NEED TO SUCCEED?
 Must have:
Hold a Master's Degree in a quantitative discipline such as math, physics, econometrics, statistics, or financial engineering.
Possess a strong quantitatively oriented knowledge of financial products and industry best practices and regulatory requirements for model risk management.
Have more than 3 years of working experience as a quantitative analyst and/or in mathematical/statistical modeling.
Experience in working with programming languages (Python, C++/C# or VBA) or statistical analysis tools (SAS, MATLAB, or R).
Strong verbal and written communication skills.
Have a collaborative mind-set with strong interpersonal skills.
Nice-to-have:
Knowledge of regulatory requirements for financial institutions
Familiar with enterprise risk management framework
Whatâs 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, commissions, and stock where applicable
Leaders who support your development through coaching and managing opportunities
Ability to make a difference and lasting impact
Work in a dynamic, collaborative, progressive, and high-performing team
A world-class training program in financial services
Flexible work/life balance options
Opportunities to do challenging work
#LI-Hybrid
Job Skills
Computer Programming, Credit Risks, Critical Thinking, Financial Instrument Valuation, Machine Learning, Market Risk, Mathematical Finance, Model Risk, Risk Management, WritingAdditional Job Details
Address:
ROYAL BANK PLAZA, 200 BAY ST:TORONTOCity:
TORONTOCountry:
CanadaWork hours/week:
37.5Employment Type:
Full timePlatform:
GROUP RISK MANAGEMENTJob Type:
RegularPay Type:
SalariedPosted Date:
2024-07-08Application Deadline:
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