2026 CAE, Summer Model Risk CoE Analyst

Job DescriptionLooking to start your career in Financial Services? RBC fosters a positive learning environment for students by providing the support and resources to help strategize your career path. Since we opened our doors in 1864, RBC has grown to become one of North America's leading diversified financial services companies. This is an exciting opportunity to be part of a high-performing and dynamic global group.Model Risk Audit Team with RBC Internal Audit Services provide an independent and objective assessment of the effectiveness of Model Risk practices within the first and second line of defense across RBC.  This includes assessing the effectiveness of internal controls throughout the model lifecycle; identification, development, documentation, validation, implementation, and performance monitoring & use.  The team also contribute to the assessment of the effectiveness of model risk management practices with focus on AML, Credit Risk, Artificial Intelligence & Machine Learning (AI/ML), Stress Testing, Valuation, Market Risk, Liquidity Risk and Counterparty Credit Risk models.The RBC CAE Group leverages a unique perspective — with a coordinated view across the entire business — to deliver valuable advice that not only gives assurance, but that illuminates a bigger picture, connects dots, builds best practices and broadens possibilities. We connect intelligence to protect and enable RBC.Do any of these areas interest you? If yes, then be sure to check out the Model Risk CoE Summer Internship opportunity belowWhat will you do?You will join IA Model Risk CoE team to work with throughout the summer.  The role and responsibilities will include:Contribute to effective continuous risk monitoring and continuous assurance on overall Model Risk Management controls by maintaining and enhancing the internal model inventory and model coverage strategy dashboard.Engagement in the development of a risk-based multi-year approach to the audit of Model Risk Management within RBC.Through in-depth understanding of the business including changes to the regulatory and business environments, learn model audit programs designed to ensure effective control solutions are implemented.Provide input on the assessment of the effectiveness of model development and model validation activities; including quality of supporting documentation, modelling methodologies, margins of conservatism, parameter choices, testing and the wide range of other modelling decisions that are made.Obtain knowledge of audit engagements related to a broad range of models including those used in AML, capital markets, market risk, credit risk, regulatory capital, IFRS 9/CECL, CCAR, stress testing, AI/ML, finance, insurance and treasuryContinually develop working relationship with business stakeholders to become a trusted advisor.What do you need to succeed?Must-haveWorking towards a Quantitative Degree in Finance/Mathematics/Physics/Economics/etc. preferred. Or a Bachelor or Masters degree in Finance, Business Administration, CFA, or other related field Strong personal skills and the ability to work effectively independently and within a team environmentProfessional written and verbal communication skillsGood analytical, communication and problem solving skillsHighly organized with good attention to detail and very high level of accuracyAbility to prioritize, handle multiple tasks under pressure and meet time-sensitive deadlinesAbility to think critically and “outside the box”Nice-to-haveKnowledge and an understanding of machine learning techniques, programming in Python, R.Proficient in Tableau and the full suite of Microsoft Products, including Excel (including using Excel VBA), Word, PowerPoint, AccessPrevious experience handling database and executing data visualizationPrevious experience working with a Financial InstitutionWhat’s in it for you?We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual. At RBC, you will have opportunities to:Participate in Model Risk CoE’s summer intern program which gives you the opportunity to learn more about the group and other areas of RBC & RBC Internal AuditInteract with leaders who support your development through coaching and managingNetwork and build lasting relationships with students from diverse backgrounds from across CanadaMake a difference and lasting impact through meaningful workWork in a dynamic, collaborative, progressive, and high-performing teamJob SkillsCommunication, Computer Literacy, Detail-Oriented, Interpersonal Relationships, Listening Effectively, Personal Development, Personal InitiativeAdditional Job DetailsAddress:20 KING ST W:TORONTOCity:TorontoCountry:CanadaWork hours/week:37.5Employment Type:Full timePlatform:INTERNAL AUDITJob Type:Student/Coop (Fixed Term)Pay Type:SalariedPosted Date:2025-12-16Application Deadline:2026-01-19Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveInclusion and Equal Opportunity EmploymentAt RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.