Associate Director, Enterprise Model Risk Management Specialist
2 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.
The ideal candidate will help identify and escalate material issues related to model risk, and provide consultancy to model stakeholders on potential technical solutions to these issues and designing model performance monitoring frameworks.
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: validation reports, technical documents, and testing code and tools in a timely manner.
- Streamline and automate validation tests as much as feasible to improve efficiency.
- 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.
To succeed in this role, you will need:
- A graduate degree in quantitative areas, such as Mathematics, Physics, Computer Science, Engineering, Finance, Financial Engineering, or 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.
We offer a dynamic, collaborative, and progressive work environment where you can grow and develop your skills. As an Associate Director, Enterprise Model Risk Management, you will have the opportunity to work on challenging projects and contribute to the success of our organization.
We value diversity and inclusion and are committed to building an equitable workplace for our employees. We strive to provide an accessible candidate experience for our prospective employees with different abilities.
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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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Old Toronto, Ontario, Canada Royal Bank of Canada Full timeJob SummaryWe are seeking a highly skilled Associate Director, Enterprise Model Risk Management to join our team at Royal Bank of Canada. As a key member of our Group Risk Management team, you will be responsible for validating interest rate and hybrid derivative pricing and risk models used for financial and regulatory reporting.The ideal candidate will...
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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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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. This involves replicating, benchmarking, backtesting, and applying other techniques as applicable to ensure the...
-
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...
-
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 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...
