Associate Director, Enterprise Model Risk Management

5 days ago

Vancouver, British Columbia, Canada Hager & North Investment Funds Ltd Full time

Join to apply for the Associate Director, Enterprise Model Risk Management role at PH&N Institutional.

Job Summary

The Associate Director, Enterprise Model Risk Management (EMRM) 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. This individual will act as a trusted advisor and effective challenger to model developers and users on all matters pertaining to credit risk modeling requirements. This individual will ensure EMRM has proper understanding and documentation of the models' business purpose and context and will facilitate RBC compliance with regulatory policies, guidelines, and procedures on model risk.

Job Description

What will you do?

  • 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.
  • Perform effective challenge of model inputs, methodology, and implementation.
  • Independently build replication model and benchmarking models.
  • 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.
  • 3+ years of work experience in mathematical/statistical modeling, preferably at a large financial institution, 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 SAS and Python.
  • 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.
  • Good familiarity with financial regulatory requirements and guidelines, such as OSFI CAR and EWST.

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

Client Counseling, Competitive Markets, Critical Thinking, Financial Instruments, Financial Regulation, Investment Risk Management, Long Term Planning, Quantitative Methods, Risk Management.

Location

ROYAL BANK PLAZA, 200 BAY ST:TORONTO, ON, Canada.

Work Hours/week

37.5

Employment Type

Full time

Platform

GROUP RISK MANAGEMENT

Job Type

Regular

Pay Type

Salaried

Posted Date

2025-02-04

Application Deadline

2025-02-22

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 strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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