Associate Director, Market Risk Analytics

What is the opportunity? As part of the Group Risk Management team, the Associate Director, Market Risk Analytics is responsible for developing, maintaining, and monitoring the performance of models used for the measurement of Fundamental Review of the Trading Book (FRTB) regulatory purposes, including multijurisdictional requirements (e.g., OSFI). The role ensures that model methodologies are conceptually sound and that implementations accurately measure RBC’s market risks. Models and any changes to them are documented for review and approval by internal validation, and ongoing performance monitoring results are presented to senior management at various committees. What will you do? Work with model business owners and users to understand model functionality 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 implementations for production or 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 approval of the models. Develop tools to assess and monitor model performance, including assumptions and limitations, on an ongoing basis for reporting to various model monitoring governance committees. Investigate and remediate modeling issues identified through ongoing monitoring or by internal validation. Re‑assess and test models, including assumptions and limitations, benchmark against alternative models, and document results in whitepapers and annual assessments for review by internal validation. What do you need to succeed? Must‑have: Experience in financial risk management and quantitative modeling, preferably within market risk. Strong analytical and problem‑solving skills. Excellent computer programming skills (e.g., Python, MATLAB). Strong data analysis skills (e.g., SQL and Excel). Strong communication skills, both written and verbal, especially in explaining complex modeling concepts to senior management and regulators. Nice‑to‑have: Masters in Financial Engineering, Mathematical Finance, or equivalent; alternatively a degree in a quantitative discipline such as physics, mathematics, statistics, or engineering. Knowledge of regulatory requirements for capitalization of market risk and assets. Professional certification, such as Financial Risk Manager or Chartered Financial Analyst. 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, competitive compensation. Leaders who support your development through coaching and management opportunities. Work in a dynamic, collaborative, progressive, and high‑performing team. Opportunities to do challenging work. Flexible work/life balance options. Job Skills Communication, Decision Making, Economic Analysis, Financial Instruments, Group Problem Solving, Investment Risk Management, Market Analysis, Market Risk, Risk Management. Additional Job Details Address: Royal Bank Plaza, 200 Bay St, Toronto, Canada Work hours/week: 37.5 Employment Type: Full time Platform: Group Risk Management Job Type: Regular Pay Type: Salaried Posted Date: 2025‑11‑20 Application Deadline: 2025‑12‑06 Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above. Inclusion and Equal Opportunity Employment: At 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. 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. #J-18808-Ljbffr