Manager, Enterprise Model Risk Management

3 weeks ago

Toronto, Canada RBC Full time

Job Overview We will work in close proximity with model stakeholders to vet and validate mathematical/statistical models used by RBC, primarily focusing on Credit Risk models (PD/LGD/EAD/etc.) for IFRS 9 and EWST. You will also act as a trusted advisor to model developers and users on all risk modeling requirements. What will you do? Perform effective challenge of model inputs, methodology, and implementation, and independently build replication/benchmarking models. Engage model builders and related function group personnel to proactively assess, document, and independently validate mathematical/statistical models. Acquire and maintain a thorough understanding of model usage flow and context. Ensure model users adhere to RBC model risk policy. What do you need to succeed? Must-have Graduate degree in a quantitative discipline (physics, math, engineering, computer science, statistics, finance or financial engineering). Strong academic and research background may also count. Minimum 1 year experience in mathematical/statistical modeling in a similar role. Proficiency in Python or other programming languages. Nice-to-have Broad exposure and knowledge of a wide range of financial models and validation/testing techniques. Exceptional analytical, statistical, computational, and critical thinking skills. What’s in it for you? A comprehensive Total Rewards Program including bonuses and flexible benefits. Leaders who support your development through coaching and management opportunities. Ability to make a difference and lasting impact. Work in an agile, collaborative, progressive, high-performing team. Opportunity to interface with executives across the organization. Location & Contact ROYAL BANK PLAZA, 200 BAY ST: TORONTO, Canada Work hours: 37.5 per week | Employment type: Full time | Pay: Salaried | Posted: 2026-01-05 | Application deadline: 2026-01-20 Equal Opportunity Statement RBC is committed to fostering a diverse, inclusive workplace. We provide equal employment opportunities to all employees and applicants. Additional Information This is an existing vacancy. Qualified candidates may be contacted for a review of their resume. #J-18808-Ljbffr

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