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Associate Director, Model Development and
2 weeks ago
Job Summary
The Associate Director, Model Development and Implementation is responsible for the conceptual design, development, implementation, documentation and maintenance of models used to measure market risk within the bank's risk management frameworks.
This includes ensuring that the model's underlying methodologies are appropriate and that they are implemented with integrity so that they accurately measure RBC's risks.
What is the opportunity?
The Associate Director, Model Development and Implementation is responsible for the conceptual design, development, implementation, documentation and maintenance of models used to measure market risk within the bank's risk management frameworks.
This includes ensuring that the model's underlying methodologies are appropriate and that they are implemented with integrity so that they accurately measure RBC's risks.
What will you do?
- Conduct research, review regulatory requirements and consult with industry stakeholders to evaluate best practices for modeling, and develop market risk methodologies.
- Become proficient with key risk features of the products and risk factor identification process in the trading portfolio
- Develop, maintain and integrate risk model libraries with the overall enterprise architecture to provide end to end solutions.
- Work with risk and technology partners to productionize risk methodology implementations by adopting industrial standard and strategic architecture.
- 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, and benchmark against alternative models
- Maintain existing market risk models by conducting exercises include but not limited to regular model recalibrations, and assumption reassessment.
- Initiate independent research projects to explore better tools and practice to gain efficiency
What do you need to succeed?
Must-have
- 2+ years of working experience in regulatory & internal risk management requirements under market risk, CCAR or counterparty credit risk.
- Broad capital markets product knowledge across various asset classes.
- Strong analytical and problem solving skills
- Strong Python development skills with focus on finance use cases
- Data management and analysis skills (SQL and Excel required)
- Ability to work collaboratively to achieve team goals
- Agility to adapt to changing circumstances in a dynamic environment
- Masters in Financial, Engineering, Statistics or equivalent. PhD in Finance, Engineering or Applied Sciences
- Above average oral and written presentation skills: ability to present clearly complicated modelling concepts and techniques to senior management
Nice-to-have
- Experience with PySpark or other similar distributed computing concepts
What's 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 and competitive compensation
- Leaders who support your development through coaching and managing opportunities
- Work in a dynamic, collaborative, progressive, and highperforming team
- Opportunities to do challenging work
Job Skills
Competitive Markets, Consulting, Critical Thinking, Data Analytics, Financial Instruments, Financial Regulation, Investment Risk Management, Long Term Planning, PySpark, Python (Programming Language), Quantitative Methods, Quantitative Models, Quantitative Risk Management, 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:
Application Deadline:
Inclusion
and Equal Opportunity Employment
At RBC, we embrace diversity and inclusion for innovation and growth.
We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work.
We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
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Toronto, Ontario, Canada Royal Bank of Canada> Full timeJob SummaryThe Associate Director, Model Development and Implementation is responsible for the conceptual design, development, implementation, documentation and maintenance of models used to measure market risk within the bank's risk management frameworks. This includes ensuring that the model's underlying methodologies are appropriate and that they are...
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Toronto, Ontario, Canada RBC - Royal Bank Full timeJob SummaryThe Associate Director, Model Development and Implementation is responsible for the conceptual design, development, implementation, documentation and maintenance of models used to measure market risk within the bank's risk management frameworks. This includes ensuring that the model's underlying methodologies are appropriate and that they are...
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