Risk Management Executive

1 month ago


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

As a Manager, Enterprise Model Risk Management, you will play a critical role in safeguarding Royal Bank of Canada against regulatory, financial, and reputational risks linked to model risks. Your expertise will help prevent potential losses and ensure compliance with RBC's stringent risk management standards.

Key Responsibilities
  1. Model Validation: Validate models, including regression models, front office pricing models, market and counterparty credit risk models, and credit risk models.
  2. Stakeholder Engagement: Work closely with risk, finance, front office, and other related function group personnel to identify, assess, monitor, and manage model risk proactively.
  3. 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.
  4. Model Governance: Offer input on model design or use that would enhance the management of model risk, where independence of oversight is not compromised.
Requirements
  1. Education: Hold a Master Degree in a quantitative discipline such as math, physics, econometrics, statistics, or financial engineering.
  2. Experience: Possess more than 1 year of working experience as a quantitative analyst and/or in mathematical/statistical modeling.
  3. Skills: Have a strong quantitatively oriented knowledge of financial products and industry best practices and regulatory requirements for model risk management. Experience in working with programming languages or statistical analysis tools is an asset.
  4. Personal Qualities: Strong verbal and written communication skills, and a collaborative mind-set with strong interpersonal skills.
What We Offer
  • 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.
  • A world-class training program in financial services.
  • Flexible work/life balance options.


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