Senior Manager, Balance Sheet Risk Model Validation Expert
1 month ago
We are seeking a highly skilled Senior Manager to join our Group Risk Management team at Royal Bank of Canada. As a key member of our Balance Sheet and Liquidity Risk team, you will play a critical role in ensuring the accuracy and effectiveness of our risk management frameworks and models.
Key Responsibilities- Lead and oversee validation projects, providing guidance and support to junior team members in model validation activities.
- Ensure that our Balance Sheet Risk frameworks and policies meet local regulatory requirements and align with business strategies and industry best practices.
- Perform timely and effective validation of models in scope for Balance Sheet and Liquidity Risk, including assessment of model methodology, assumptions, and model performance monitoring framework.
- Develop and implement testing models to assess model methodologies and performance.
- Review model methodologies/assumptions and interpret model outputs to provide insights and recommendations for improvement.
- Prepare and review comprehensive reports that document validation findings and recommendations for management, regulator, and audit reviews.
- Engage with methodology and model owners and users to proactively identify, assess, monitor, and manage model-related concerns or issues.
- Manage stakeholder relationships to ensure validation findings and recommendations are appropriately informed by business purpose and context.
- Create work plans and track progress to ensure that work is being completed in accordance with committed timelines and regulatory deadlines.
- Stay up-to-date with industry trends and regulatory developments on model risk management.
- Advanced university degree in a financial or quantitative discipline.
- Previous experience in Balance Sheet Management, IRRBB, and Liquidity Risk, with knowledge of ALM and modeling behavior assumptions.
- Ability to learn quickly and conduct research on best practices in new and unfamiliar modeling areas.
- Collaborative mindset and excellent interpersonal, verbal, and written communication skills.
- Strong computational, analytical, and critical thinking skills, with proficiency in Excel and other programming languages.
- Familiarity with QRM software.
- A comprehensive Total Rewards Program, including bonuses and flexible benefits.
- Leaders who support your development through coaching and managing opportunities.
- A dynamic, collaborative, and high-performing team environment.
- Opportunities to do challenging work and make a meaningful impact.
- Flexible work/life balance options.
This is a full-time position within our Group Risk Management team. If you are a motivated and detail-oriented professional with a passion for risk management, we encourage you to apply.
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Toronto, Ontario, Canada Royal Bank of Canada Full timeJob DescriptionThe Group Risk Management (GRM) Balance Sheet and Liquidity Risk (BSLR) team is responsible for the second line of defense for all balance sheet and liquidity risks at the enterprise level. As Senior Manager, BSLR Methodology Governance and Model Validation, you will oversee the independent validation of methodologies, parameters, assumptions,...
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Toronto, Ontario, Canada Royal Bank of Canada Full timeJob DescriptionWhat is the Opportunity?The Group Risk Management (GRM) Balance Sheet and Liquidity Risk (BSLR) team plays a critical role in ensuring the bank's balance sheet and liquidity risks are effectively managed. As Senior Manager, BSLR Methodology Governance and Model Validation, you will be responsible for conducting independent oversight of...
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Toronto, Ontario, Canada Royal Bank of Canada Full timeJob DescriptionWhat is the Opportunity?The Group Risk Management (GRM) Balance Sheet and Liquidity Risk (BSLR) team plays a critical role in ensuring the bank's balance sheet and liquidity risks are effectively managed. As Senior Manager, BSLR Methodology Governance and Model Validation, you will be responsible for conducting independent oversight of...
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Toronto, Ontario, Canada Royal Bank of Canada Full timeJob DescriptionWhat is the Opportunity?The Group Risk Management (GRM) team within Royal Bank of Canada is responsible for performing the second line of defense role for all balance sheet and liquidity risks at the enterprise level. As Senior Manager, BSLR Methodology Governance and Model Validation, you will be responsible for conducting independent...
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Toronto, Ontario, Canada Royal Bank of Canada Full timeJob SummaryWe are seeking a highly skilled Senior Manager to join our Group Risk Management team at Royal Bank of Canada. As a key member of our team, you will be responsible for conducting independent oversight of methodologies, parameters, assumptions, and models used for measuring banking book interest rate risk and liquidity risk.Key ResponsibilitiesLead...
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Toronto, Ontario, Canada Royal Bank of Canada Full timeJob SummaryWe are seeking a highly skilled Senior Manager to join our Group Risk Management team at Royal Bank of Canada. As a key member of our team, you will be responsible for conducting independent oversight of methodologies, parameters, assumptions, and models used for measuring banking book interest rate risk and liquidity risk.Key ResponsibilitiesLead...
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Toronto, Ontario, Canada Royal Bank of Canada Full timeJob SummaryThis is a challenging role that requires a seasoned professional to lead and oversee validation projects related to Balance Sheet and Liquidity Risk. The ideal candidate will have a strong background in risk management and model validation, with excellent analytical and communication skills.Key ResponsibilitiesProvide guidance and support to team...
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Toronto, Ontario, Canada Royal Bank of Canada Full timeJob SummaryThis is a challenging role that requires a seasoned professional to lead and oversee validation projects related to Balance Sheet and Liquidity Risk. The ideal candidate will have a strong background in risk management and model validation, with excellent analytical and communication skills.Key ResponsibilitiesProvide guidance and support to team...
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Balance Sheet Risk Methodology Specialist
1 month ago
Toronto, Ontario, Canada Royal Bank of Canada Full timeJob SummaryWe are seeking a highly skilled Senior Manager to join our Group Risk Management team at Royal Bank of Canada. As a Senior Manager, Balance Sheet Risk Model Validation, you will be responsible for conducting independent oversight of methodologies, parameters, assumptions, and models used for measuring banking book interest rate risk and liquidity...
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Balance Sheet Risk Methodology Specialist
1 month ago
Toronto, Ontario, Canada Royal Bank of Canada Full timeJob SummaryWe are seeking a highly skilled Senior Manager to join our Group Risk Management team at Royal Bank of Canada. As a Senior Manager, Balance Sheet Risk Model Validation, you will be responsible for conducting independent oversight of methodologies, parameters, assumptions, and models used for measuring banking book interest rate risk and liquidity...
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Toronto, Ontario, Canada Royal Bank of Canada Full timeJob SummaryAs a Senior Manager, Internal Audit- Group Risk Management, Balance Sheet Risk and Capital, you will be a key member of the Internal Audit Group Risk Management Financial risk team. Your primary focus will be on Balance Sheet risks (e.g., Liquidity and IRRBB) and Capital (ICAAP, Stress Testing, Recovery and Resolution Planning). You will provide...
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Toronto, Ontario, Canada Royal Bank of Canada Full timeJob SummaryAs a Senior Manager, Internal Audit- Group Risk Management, Balance Sheet Risk and Capital, you will be a key member of the Internal Audit Group Risk Management Financial risk team. Your primary focus will be on Balance Sheet risks (e.g., Liquidity and IRRBB) and Capital (ICAAP, Stress Testing, Recovery and Resolution Planning). You will provide...
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Senior Specialist, Model Validation Expert
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Toronto, Ontario, Canada CMHC - SCHL Full timeAbout the RoleWe are seeking a highly skilled Senior Specialist, Model Validation to join our Model Risk Management division, Model Validation group. In this role, you will apply your advanced analytical skills and knowledge of Canada's financial and mortgage sectors to modelling initiatives at CMHC, including model development, model validation, and the...
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Senior Specialist, Model Validation Expert
1 month ago
Toronto, Ontario, Canada CMHC - SCHL Full timeAbout the RoleCMHC - SCHL is seeking a highly skilled Senior Specialist, Model Validation to join our Model Risk Management division. As a key member of our team, you will be responsible for applying advanced analytical skills and knowledge of Canada's financial and mortgage sectors to modelling initiatives at CMHC.Key ResponsibilitiesPerform validation of...
