2026 CAE, Summer Model Risk CoE Analyst

Job Description Looking 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 provides 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 contributes 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 also illuminates a bigger picture, connects dots, builds best practices and broadens possibilities. We connect intelligence to protect and enable RBC. Responsibilities 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. Engage in the development of a risk‑based multi‑year approach to the audit of Model Risk Management within RBC. Through an 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 other modelling decisions. 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 treasury. Continually develop working relationships with business stakeholders to become a trusted advisor. Must‑Have Qualifications Working toward 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 environment. Professional written and verbal communication skills. Good analytical, communication and problem‑solving skills. Highly organized with good attention to detail and a very high level of accuracy. Ability to prioritize, handle multiple tasks under pressure and meet time‑sensitive deadlines. Ability to think critically and “outside the box”. Nice‑to‑Have Qualifications Knowledge and an understanding of machine learning techniques, programming in Python, R. Proficient in Tableau and full suite of Microsoft Products, including Excel (including using Excel VBA), Word, PowerPoint, Access. Previous experience handling database and executing data visualization. Previous experience working with a Financial Institution. Benefits & Opportunities Participate in Model Risk CoE’s summer intern program giving you the opportunity to learn more about the group and other areas of RBC & RBC Internal Audit. Interact with leaders who support your development through coaching and managing. Network and build lasting relationships with students from diverse backgrounds across Canada. Make a difference and lasting impact through meaningful work. Work in a dynamic, collaborative, progressive, and high‑performing team. Job Skills Communication, Computer Literacy, Detail‑Oriented, Interpersonal Relationships, Listening Effectively, Personal Development, Personal Initiative Additional Job Details Address: 20 KING ST W: TORONTO City: Toronto Country: Canada Work hours/week: 37.5 Employment Type: Full time Platform: INTERNAL AUDIT Job Type: Student/Coop (Fixed Term) Pay Type: Salaried Posted Date: Application Deadline: Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above. Inclusion and Equal Opportunity Employment: At 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. #J-18808-Ljbffr