Manager, Enterprise Model Risk Management
4 weeks ago
What is the opportunity? As Manager, Enterprise Model Risk Management (EMRM), you work in close proximity to model stakeholders in order to vet and validate models used by RBC, mainly focusing on Capital Market interest rate models. Job Description You act as a trusted advisor and effective challenger to model developers and users on all matters pertaining to modeling requirements. The Manager will ensure EMRM has proper understanding and documentation of the models’ business purpose and context, while facilitating RBC compliance with regulatory policies, guidelines and procedures on model risk. What will you do? Engage model builders (Front Office, Market Risk, etc.) and related function groups personnel as necessary in order to pro-actively assess, document, and independently validate mathematical models and their usage by the bank. Validate (replicate, benchmark, backtest, and apply other techniques as applicable) interest rate and hybrid derivative pricing and risk models used for financial and regulatory (RMR, FRTB) reporting for RBC trading activities. Identify and elevate material issues related to model risk and provide consultancy to model stakeholders regarding potential technical solutions and the design of model performance monitoring frameworks. Prevent any loss that could occur due to the misuse of mathematically complex models, safeguarding and enhancing RBC’s financial safety and reputation. Acquire and maintain a thorough understanding of the flow and context of model usage by the business. Ensure that model users adhere to RBC model risk policy. Required Qualifications (Must-have) Graduate degree in quantitative areas such as Mathematics, Statistics, 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, and numerical/analytical solution of partial differential equations. Strong programming skills: C/C++, 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, most preferably in a large financial institution. Nice-to-Have FRM or PRM certification, CFA Charter Holder. What’s in it for you? Leadership support through coaching and development opportunities. Work in a dynamic, collaborative, progressive, and high-performing team. Opportunities to take on challenging work. Job Skills Business, C++ Programming Language, Communication, Critical Thinking, Financial Instruments, Group Problem Solving, Investment Risk Management, Investments, Market Risk, People Management, Quantitative Methods, Risk Management, Structured Query Language (SQL) Location & Details Address: Royal Bank Plaza, 200 Bay St, Toronto, CanadaWork hours/week: 37.5Employment Type: Full timePlatform: Group Risk ManagementJob Type: RegularPay Type: Salaried Application Deadline 2025‑11‑15 (Applications accepted until 11:59 PM on the day prior to the deadline) RBC is an Equal Opportunity Employer. #J-18808-Ljbffr
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Manager, Enterprise Model Risk Management
4 weeks ago
Toronto, Canada RBC Full timeWhat is the opportunity? As Manager, Enterprise Model Risk Management (EMRM), you work in close proximity to model stakeholders in order to vet and validate models used by RBC, mainly focusing on Capital Market interest rate models. Job Description You act as a trusted advisor and effective challenger to model developers and users on all matters pertaining...
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Manager, Enterprise Model Risk Management
4 weeks ago
Toronto, Canada RBC Full timeWhat is the opportunity? As Manager, Enterprise Model Risk Management (EMRM), you work in close proximity to model stakeholders in order to vet and validate models used by RBC, mainly focusing on Capital Market interest rate models. Job Description You act as a trusted advisor and effective challenger to model developers and users on all matters pertaining...
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Manager, Enterprise Model Risk Management
6 days ago
Toronto, Canada Royal Bank of Canada> Full timeJob DescriptionWhat is the opportunity?As Manager, Enterprise Model Risk Management, you will validate (replicate, benchmark, backtest, and apply other techniques as applicable) FX and commodity derivative pricing and risk models used for financial and regulatory (RMR, FRTB) reporting for RBC trading activities.The ideal candidate will help to identify and...
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Manager, Enterprise Model Risk Management
2 days ago
TORONTO, Canada Royal Bank of Canada Full timeJob Description What is the opportunity? As Manager, Enterprise Model Risk Management, you will validate (replicate, benchmark, backtest, and apply other techniques as applicable) FX and commodity derivative pricing and risk models used for financial and regulatory (RMR, FRTB) reporting for RBC trading activities. The ideal candidate will help to identify...
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Manager, Enterprise Model Risk Management
1 week ago
Toronto, Ontario, Canada RBC Full time $120,000 - $180,000 per yearJob Description What is the opportunity?As Manager, Enterprise Model Risk Management (EMRM), you work in close proximity to model stakeholders in order to vet and validate models used by RBC, mainly focusing on Capital Market interest rate models.You act as a trusted advisor and effective challenger to model developers and users on all matters...
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Toronto, Canada RBC Full timeAssociate Director, Enterprise Model Risk Management To join RBC's Group Risk Management team, as an Associate Director, Enterprise Model Risk Management you will be responsible for end‑to‑end execution and documentation of credit risk model validation projects within RBC’s Canadian Banking platform. You will independently assess and provide an...
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Toronto, Canada RBC Full timeAssociate Director, Enterprise Model Risk Management To join RBC's Group Risk Management team, as an Associate Director, Enterprise Model Risk Management you will be responsible for end‑to‑end execution and documentation of credit risk model validation projects within RBC’s Canadian Banking platform. You will independently assess and provide an...
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Toronto, Canada RBC Full timeAssociate Director, Enterprise Model Risk Management To join RBC's Group Risk Management team, as an Associate Director, Enterprise Model Risk Management you will be responsible for end‑to‑end execution and documentation of credit risk model validation projects within RBC’s Canadian Banking platform. You will independently assess and provide an...
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Toronto, Ontario, Canada RBC Full time $120,000 - $180,000 per yearJob DescriptionWhat is your opportunity?As Associate Director, Enterprise Model Risk Management (EMRM) in our Group Risk Management (GRM) team, you will be responsible for end-to-end execution and documentation of credit risk model validation projects within RBC's Canadian Banking platform. Your role is to independently assess and provide an objective...
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Director, Enterprise Model Risk Management
1 week ago
Toronto, Ontario, Canada RBC Full time $120,000 - $180,000 per yearJob DescriptionWhat is your opportunity?As Director, Enterprise Model Risk Management (EMRM), you will supervise a team to work in close proximity with model stakeholders in order to validate mathematical models used by RBC in the area of IFRS9 credit loss models. You will be in a leadership role to oversee model reviews and conduct resource planning and...
