Associate Director, Enterprise Model Risk Management

3 days ago


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

We 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 Description

As an Associate Director, you will be responsible for:

  • Validating models: Including regression models, front office pricing models, market and counterparty credit risk models, and credit risk models.
  • Engaging with stakeholders: Working closely with risk, finance, front office, and other related function group personnel to identify, assess, monitor, and manage model risk proactively.
  • Oversight responsibilities: Ensuring that models are appropriately registered and risk rated by EMRM, validated before use, and follow appropriate protocol when adjustments or other changes are made.

You will also have the opportunity to offer input on model design or use that would enhance the management of model risk.

Requirements

To succeed in this role, you will need:

  • A Master's Degree in a quantitative discipline such as math, physics, econometrics, statistics, or financial engineering.
  • A strong quantitatively oriented knowledge of financial products and industry best practices and regulatory requirements for model risk management.
  • More than 3 years of working experience as a quantitative analyst and/or in mathematical/statistical modeling.
  • Experience in working with programming languages (Python, C++/C# or VBA) or statistical analysis tools (SAS, MATLAB, or R).
  • Strong verbal and written communication skills.
  • A collaborative mind-set with strong interpersonal skills.
What We Offer

We offer a comprehensive Total Rewards Program, including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable. You will also have the opportunity to work in a dynamic, collaborative, progressive, and high-performing team, with leaders who support your development through coaching and managing opportunities.

We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We strive to provide an accessible candidate experience for our prospective employees with different abilities.



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