Quantitative Risk Management Associate Director

7 days ago


Toronto, Ontario, Canada Royal Bank of Canada> Full time
Job Summary

We are seeking a highly skilled Quantitative Risk Management Associate Director to join our Enterprise Model Risk Management (EMRM) team at Royal Bank of Canada. This role offers a unique opportunity to ensure the integrity and efficacy of various quantitative models used in the bank, safeguarding against regulatory, financial, and reputational risks linked to model risks.

Key Responsibilities
  • Model Validation: Validate models, including regression models, front office pricing models, market and counterparty credit risk models, and credit risk models, to ensure they meet RBC's stringent risk management standards.
  • Stakeholder Engagement: Collaborate with risk, finance, front office, and other related function group personnel to identify, assess, monitor, and manage model risk proactively.
  • Oversight Responsibilities: Ensure that models are appropriately registered and risk rated by EMRM, validated before use, and follow appropriate protocol when adjustments or other changes are made to a model, its inputs or outputs.
Requirements
  • Education: Hold a Master's Degree in a quantitative discipline such as math, physics, econometrics, statistics, or financial engineering.
  • Experience: Possess more than 3 years of working experience as a quantitative analyst and/or in mathematical/statistical modeling, with a strong quantitatively oriented knowledge of financial products and industry best practices and regulatory requirements for model risk management.
  • Skills: Have experience in working with programming languages (Python, C++/C# or VBA) or statistical analysis tools (SAS, MATLAB, or R), and strong verbal and written communication skills.
What We Offer
  • Total Rewards Program: A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable.
  • Leadership Development: Leaders who support your development through coaching and managing opportunities.
  • Collaborative Environment: Work in a dynamic, collaborative, progressive, and high-performing team.
  • Training and Development: A world-class training program in financial services.
  • Work-Life Balance: Flexible work/life balance options.


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