Job Summary
This individual will act as a trusted advisor and effective challenger to model developers and users on all matters pertaining to modeling requirements.Job Description
What is the opportunity?
The Manager, Enterprise Model Risk Management (EMRM) will work in close proximity with model stakeholders in order to validate mathematical models used by RBC, which may include models related to IFRS9 credit risk PD, LGD, EAD, ECL, stress testing models, etc. This role will provide effective challenge to the submitted models. This individual will act as a trusted advisor and effective challenger to model developers and users on all matters pertaining to modeling requirements.
What will you do?
Engage model builders, model users and related functional group personnel as necessary in order to proactively assess document, and independently validate mathematical models and their usage by the bank.
Conduct model validations through reviewing data, conceptual soundness, implementation, outcome analysis, etc.
Replicate model based on white paper, build alternative models for benchmarking, and conduct sensitivity analysis and stress testing, etc.
Communicate issues and recommendations to the model owners; clearly document tests performed and results.
Ensure that model users adhere to RBC model risk policy.
What do you need to succeed?
Must-have
Graduate degree in a quantitative discipline such as math, statistics, engineering, computer science, financial engineering, etc.
Expert in statistical modelling with a solid understanding of the theory behind applications.
Great analytical and critical thinking skills to effectively challenge a model
Experience in working with programming languages (SAS and Python)
Nice-to-have
Experience working with large dataset to build credit risk models (PD, LGD, EAD, ECL).
What’s in it for you?
We thrive on the challenge to be our best, thinking progressively 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.
A comprehensive Total Rewards Program including bonuses and flexible benefits
Leaders who support your development through coaching and managing opportunities
Ability to make a difference and lasting impact
Work in an agile, collaborative, progressive, and high-performing team
The opportunity to interface with executives from many different parts of the organization
Job Skills
Actuarial Modeling, Business Analytics, Credit Analysis, Financial Regulation, Internal Auditing, Investment Risk Management, Predictive Analytics, Risk Management, Standard Operating Procedure (SOP), Statistical AnalysisAdditional Job Details
Address:
ROYAL BANK PLAZA, 200 BAY ST:TORONTOCity:
TORONTOCountry:
CanadaWork hours/week:
37.5Employment Type:
Full timePlatform:
GROUP RISK MANAGEMENTJob Type:
RegularPay Type:
SalariedPosted Date:
2025-03-09Application Deadline:
2025-03-22Note: 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 embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.
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