Associate Director, Model Risk Management
3 weeks ago
Job Description
What is your opportunity?
As Associate Director, Model Risk Management, you will act as an effective challenger to model users/ modelers on all matters pertaining to model risk. You will facilitate compliance with RBC model risk policies and procedures, with an emphasis on model risk controls pertaining to model usage.
What will you do?
- Validate US Credit models (C&I, CRE, mortgage and credit card portfolios), PPNR models, and/or Securitized Product models. Oversee the Compliance Risk Assessment (CRA) program, ensuring that compliance risks are effectively identified, assessed, and mitigated across business lines and regions
- Conduct local model risk management in mortgage loan models and Securitized Product models
- Engage the risk, finance, front office, and other related function group personnel, as necessary to pro-actively identify, assess, monitor, and manage model risk
What do you need to succeed?
- Graduate university degree in a quantitative discipline such as math, physics, econometrics, statistics, or financial engineering
- Have more than 3 years of working experience in quantitative analysis
- Possess a strong quantitatively-oriented knowledge of financial products and industry best practices and regulatory requirements for model risk management.
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
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:
2025-11-12
Application Deadline:
2025-11-29
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.
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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.
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