Associate Director, Enterprise Model Risk Management
4 weeks ago
As an Associate Director, Enterprise Model Risk Management, you will be responsible for validating interest rate and hybrid derivative pricing and risk models used for financial and regulatory reporting for RBC trading activities. This involves replicating, benchmarking, backtesting, and applying other techniques as applicable to ensure the accuracy and reliability of these models.
Key Responsibilities- Take ownership of assigned models to provide effective testing and oversight of model risk while ensuring that validation activities are completed in an efficient manner.
- Deliver required work products, including validation reports, technical documents, and testing code and tools.
- Streamline and automate validation tests as much as feasible.
- Identify and articulate model limitations and inconsistencies across models and escalate inconsistencies to management.
- Provide consultancy to Market Risk, Finance, and Global Valuations regarding technical model issues and independent price verification issues.
- Graduate degree in quantitative areas, such as Mathematics, Physics, Computer Science, Engineering, Finance, Financial Engineering, and Economics.
- Broad exposure to and excellent knowledge of derivative pricing models and risk management methodology.
- Experience in computational techniques, including Monte Carlo simulation, numerical, and analytic solution of partial differential equations.
- Strong programming skills, including C/C++ and Python proficiency.
- Strong communication and interpersonal skills.
- Previous work experience in mathematical modeling in a similar or related role, such as a model developer or validator, a front office quant, a risk quant, or a risk manager, preferably in a large financial institution.
- Leaders who support your development through coaching and managing opportunities.
- Work in a dynamic, collaborative, progressive, and high-performing team.
- Opportunities to do challenging work.
This role is part of the Group Risk Management platform and is a full-time position. The ideal candidate will have a strong background in risk management and model validation, with excellent communication and interpersonal skills. If you are a motivated and detail-oriented individual who is passionate about risk management, we encourage you to apply.
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Toronto, Ontario, Canada Royal Bank of Canada> Full timeJob SummaryWe are seeking an experienced Associate Director to join our Enterprise Model Risk Management team. As a key member of our team, you will play a critical role in ensuring the integrity and efficacy of various quantitative models used in the bank.Job DescriptionAs an Associate Director, you will be responsible for validating models, engaging with...
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Toronto, Ontario, Canada Royal Bank of Canada> Full timeJob SummaryWe are seeking an experienced Associate Director to join our Enterprise Model Risk Management team. As a key member of our team, you will play a critical role in ensuring the integrity and efficacy of various quantitative models used in the bank.Job DescriptionAs an Associate Director, you will be responsible for validating models, engaging with...
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Toronto, Ontario, Canada Royal Bank of Canada> Full timeJob SummaryWe are seeking an experienced Associate Director to join our Enterprise Model Risk Management team. As a key member of our team, you will play a critical role in ensuring the integrity and efficacy of various quantitative models used in the bank.Job DescriptionAs an Associate Director, you will be responsible for:Validating models: Including...
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Toronto, Ontario, Canada Royal Bank of Canada> Full timeJob SummaryWe are seeking an experienced Associate Director to join our Enterprise Model Risk Management team. As a key member of our team, you will play a critical role in ensuring the integrity and efficacy of various quantitative models used in the bank.Job DescriptionAs an Associate Director, you will be responsible for:Validating models: Including...
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Toronto, Ontario, Canada Royal Bank of Canada> Full timeJob SummaryWe are seeking an experienced Associate Director to join our Enterprise Model Risk Management team. As a key member of our team, you will play a critical role in ensuring the integrity and efficacy of various quantitative models used in the bank.Job DescriptionAs an Associate Director, you will be responsible for:Validating models: Including...
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Toronto, Ontario, Canada Royal Bank of Canada> Full timeJob SummaryWe are seeking an experienced Associate Director to join our Enterprise Model Risk Management team. As a key member of our team, you will play a critical role in ensuring the integrity and efficacy of various quantitative models used in the bank.Job DescriptionAs an Associate Director, you will be responsible for:Validating models: Including...
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Toronto, Ontario, Canada Royal Bank of Canada> Full timeJob SummaryWe are seeking an experienced Associate Director to join our Enterprise Model Risk Management team. As a key member of our team, you will play a critical role in ensuring the integrity and efficacy of various quantitative models used in the bank.Job DescriptionAs an Associate Director, you will be responsible for:Validating models: Including...
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Toronto, Ontario, Canada Royal Bank of Canada> Full timeJob SummaryWe are seeking an experienced Associate Director to join our Enterprise Model Risk Management team. As a key member of our team, you will play a critical role in ensuring the integrity and efficacy of various quantitative models used in the bank.Job DescriptionAs an Associate Director, you will be responsible for:Validating models: Including...
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Toronto, Ontario, Canada Royal Bank of Canada> Full timeJob SummaryWe are seeking an experienced Associate Director to join our Enterprise Model Risk Management team. As a key member of our team, you will play a critical role in ensuring the integrity and efficacy of various quantitative models used in the bank.Job DescriptionAs an Associate Director, you will be responsible for:Validating models: Including but...
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Toronto, Ontario, Canada Royal Bank of Canada> Full timeJob SummaryWe are seeking an experienced Associate Director to join our Enterprise Model Risk Management team. As a key member of our team, you will play a critical role in ensuring the integrity and efficacy of various quantitative models used in the bank.Job DescriptionAs an Associate Director, you will be responsible for:Validating models: Including but...
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Old Toronto, Ontario, Canada Royal Bank of Canada Full timeJob SummaryAs an Associate Director, Enterprise Model Risk Management, you will be responsible for validating interest rate and hybrid derivative pricing and risk models used for financial and regulatory reporting for RBC trading activities. This involves replicating, benchmarking, backtesting, and applying other techniques as applicable to ensure the...
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Old Toronto, Ontario, Canada Royal Bank of Canada Full timeJob SummaryAs an Associate Director, Enterprise Model Risk Management, you will be responsible for validating interest rate and hybrid derivative pricing and risk models used for financial and regulatory reporting for RBC trading activities. This involves replicating, benchmarking, backtesting, and applying other techniques as applicable to ensure the...
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Toronto, Ontario, Canada Royal Bank of Canada Full timeJob SummaryAs an Associate Director, Enterprise Model Risk Management, you will be responsible for validating interest rate and hybrid derivative pricing and risk models used for financial and regulatory reporting for RBC trading activities. This role requires a strong understanding of derivative pricing models and risk management methodology, as well as...
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Toronto, Ontario, Canada Royal Bank of Canada Full timeJob SummaryAs an Associate Director, Enterprise Model Risk Management, you will be responsible for validating interest rate and hybrid derivative pricing and risk models used for financial and regulatory reporting for RBC trading activities. This role requires a strong understanding of derivative pricing models and risk management methodology, as well as...
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Toronto, Ontario, Canada Royal Bank of Canada Full timeJob SummaryAs an Associate Director, Enterprise Model Risk Management, you will be responsible for validating interest rate and hybrid derivative pricing and risk models used for financial and regulatory reporting for RBC trading activities. You will work closely with model stakeholders to identify and escalate material issues related to model risk, and...
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Toronto, Ontario, Canada Royal Bank of Canada Full timeJob SummaryAs an Associate Director, Enterprise Model Risk Management, you will be responsible for validating interest rate and hybrid derivative pricing and risk models used for financial and regulatory reporting for RBC trading activities. You will work closely with model stakeholders to identify and escalate material issues related to model risk, and...
-
Toronto, Ontario, Canada Royal Bank of Canada> Full timeJob SummaryWe are seeking an experienced Associate Director to join our Enterprise Model Risk Management team. As a key member of our team, you will play a critical role in ensuring the integrity and efficacy of various quantitative models used in the bank.Job DescriptionWhat is the Opportunity?The successful candidate will be responsible for validating...
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Toronto, Ontario, Canada Royal Bank of Canada> Full timeJob SummaryWe are seeking an experienced Associate Director to join our Enterprise Model Risk Management team. As a key member of our team, you will play a critical role in ensuring the integrity and efficacy of various quantitative models used in the bank.Job DescriptionWhat is the Opportunity?The successful candidate will be responsible for validating...
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Toronto, Ontario, Canada Royal Bank of Canada> Full timeJob SummaryWe are seeking an experienced Associate Director to join our Enterprise Model Risk Management team. This role offers a unique opportunity to ensure the integrity and efficacy of various quantitative models used in the bank, while safeguarding against regulatory, financial, and reputational risks linked to model risks.Key ResponsibilitiesModel...
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Toronto, Ontario, Canada Royal Bank of Canada> Full timeJob SummaryWe are seeking an experienced Associate Director to join our Enterprise Model Risk Management team. This role offers a unique opportunity to ensure the integrity and efficacy of various quantitative models used in the bank, while safeguarding against regulatory, financial, and reputational risks linked to model risks.Key ResponsibilitiesModel...
