Associate Director, Enterprise Model Risk Management

2 weeks ago


Toronto, Canada RBC Full time

Job Summary

Job Description
WHAT IS THE OPPORTUNITY?

Join RBCs 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. Youll 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 RBCs 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

Whats 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, Writing

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:
2024-07-08 Application Deadline:

I nclusion 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.

We also 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.

Join our Talent Community

Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.

Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.



  • Toronto, Canada RBC Full time

    Job SummaryJob Description WHAT IS THE OPPORTUNITY?Join RBCs 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. Youll play a critical role in safeguarding the company against regulatory,...


  • Old Toronto, Canada RBC Full time

    Job 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...


  • Toronto, Canada Royal Bank of Canada> Full time

    Job 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...


  • Toronto, Canada University Pension Plan Full time

    ABOUT UPP UPP is the first pension plan of its kind in Ontario’s university sector, proudly serving over 40,000 members across four universities and fourteen sector organizations. Our purpose is to bring greater retirement peace of mind to the university sector by investing with integrity and serving members with care. As a sector-wide plan designed for...

  • Associate Director

    3 months ago


    Toronto, Canada Royal Bank of Canada Full time

    **Job Summary** Reporting to the Director Environmental & Social (E&S) Risk Analytics - Data Strategy and Governance, the Associate Director will be responsible for data & model governance, model inventory management, developing and managing control activities, assessing process completeness and compliance with internal and regulatory standards, and...

  • Associate Director

    2 days ago


    Toronto, Canada Royal Bank of Canada Full time

    **Job Summary** The Associate Director will be responsible for model governance, model inventory management, model performance testing, developing and managing control activities, assessing process completeness and compliance with internal and regulatory standards, and assisting with data and model monitoring activities. The Associate Director will report...


  • Old Toronto, Canada TD Full time

    The TD is a global leader in the financial institution sector. It represents the fifth bank in North America by the number of branches. Every day, we provide a legendary customer experience to over 27 million households and businesses in Canada, the United States, and around the world.We have more than 95,000 TD colleagues who share their skills, talent, and...

  • Associate Director

    2 days ago


    Toronto, Canada Royal Bank of Canada Full time

    Job SummaryThe Associate Director will be responsible for model governance, model inventory management, model performance testing, developing and managing control activities, assessing process completeness and compliance with internal and regulatory standards, and assisting with data and model monitoring activities. The Associate Director will report to the...


  • Toronto, Canada Healthcare of Ontario Pension Plan (HOOPP) Full time

    Why you’ll love working here: - high-performance, people-focused culture- our commitment that equity, diversity, and inclusion are fundamental to our work environment and business success, which helps employees feel valued and empowered to be their authentic selves- learning and development initiatives, including workshops, Speaker Series events and access...


  • Toronto, Canada University Pension Plan Full time

    ABOUT UPP UPP is the first pension plan of its kind in Ontario’s university sector, proudly serving over 40,000 members across four universities and fourteen sector organizations. Our purpose is to bring greater retirement peace of mind to the university sector by investing with integrity and serving members with care. As a sector-wide plan designed for...


  • Toronto, Ontario, Canada Royal Bank of Canada> Full time

    Senior Quantitative Analyst Role at Royal Bank of CanadaWe are seeking a highly skilled Senior Quantitative Analyst to join our Enterprise Model Risk Management team at the Royal Bank of Canada. This role offers an exceptional opportunity for you to leverage your expertise in quantitative analysis and risk management to drive business growth while ensuring...


  • Toronto, Canada RBC Full time

    Job Summary Job Description WHAT IS THE OPPORTUNITY? Join RBCs Enterprise Model Risk Management (EMRM) team as a manager. 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. Youll play a critical role in safeguarding the company against regulatory,...


  • Toronto, Canada RBC Full time

    Job SummaryJob Description WHAT IS THE OPPORTUNITY?Join RBCs Enterprise Model Risk Management (EMRM) team as a manager. 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. Youll play a critical role in safeguarding the company against regulatory, financial,...


  • Toronto, Canada Thomson Reuters Full time

    Are you passionate about the chance to bring your experience to a world - class company that is market-leading for both content and technology? If yes, we are looking for you! Join our team! In this exciting opportunity as Director, Enterprise Risk & Policy Governance, you will play a pivotal role in enhancing TR's global enterprise risk management...


  • Toronto, Canada Royal Bank of Canada> Full time

    Job SummaryJob Description WHAT IS THE OPPORTUNITY?Join RBC’s Enterprise Model Risk Management (EMRM) team as a manager. 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 regulatory,...


  • Toronto, Canada TMX Full time

    Venture outside the ordinary - TMX Careers The TMX group of companies includes leading global exchanges such as the Toronto Stock Exchange, Montreal Exchange, and numerous innovative organizations enhancing capital markets. United as a global team, we're connecting cross-functionally, traversing industries and geographies, moving opportunity into action,...


  • Toronto, Canada Royal Bank of Canada Full time

    **Job Summary** The Associate Director, CNB Credit Risk Analytics, will develop credit risk analytics tools including data-driven credit decisioning strategies and risk metrics to support credit risk management for City National Bank’s (CNB) Wholesale and Retail portfolios. You will use analytics to create a data mart from enterprise databases. The data...


  • Toronto, Canada Royal Bank of Canada Full time

    **Job Summary** Reporting to the Director, Security Risk Oversight, the Associate Director is responsible for supporting oversight and advisory activities for security risk management enterprise wide. This involves supporting the 2nd Line of Defense governance model, by providing independent challenge to ensure that the Security Risk profile is fairly...

  • Risk Model Director

    1 week ago


    Old Toronto, Canada HOOPP Thames Limited Full time

    Director, Risk Modeling & DevelopmentThis role offers a competitive salary of $140,000 - $180,000 per annum, commensurate with experience.About the RoleWe are seeking an experienced Director to oversee the development and validation of risk models at HOOPP Thames Limited in Toronto, Ontario. As a key member of our team, you will be responsible for managing...


  • Old Toronto, Canada Risk & Insurance Management Society Inc Full time

    Full-timeJob Location: Toronto or MontrealAt Fiera CapitalWe invest in creating a culture of purpose that makes our people feel valued, cared for, seen, and heard.Our approach to employee experience is tailored to your needs and ambitions:Your Inclusive Experience: We are committed to cultivating an inclusive, safe, and trusting work environment.Your Growth...