2026 Fall - GRM, Data Science Intern (4 Months)

RBC • Toronto, ON

7d • Hybrid

About The Position

RBC is a global leader in applying Artificial Intelligence (AI) in the banking sector. The AI validation team within RBC's Enterprise Model Risk Management (RBC Group Risk Management) is tasked with overseeing, assessing, and managing the model risk that may arise from these AI capabilities. The AI validation team uses machine learning, statistical, and computational strategies to assess model risk. In doing so, RBC is able to identify model weaknesses early and enhance the reliability of production models across all lines of business.

Requirements

• Passionate about learning and staying up-to-date with research and technology.
• Strong communication and interpersonal skills.
• Progress towards a PhD, Master's, or Bachelor's degree in Statistics, Computer Science, Applied Mathematics, Econometrics, Engineering, Quantitative Finance, or a related quantitative field.
• Proficient programming skills in Python or a similar language; you should already be comfortable with writing research experiments and be willing to learn how to write clean code.
• Familiarity with popular machine learning frameworks and libraries.

Nice To Haves

• A risk-oriented mindset: You are curious about the "how" as well as the "why".
• Publication or prior research experience (applied or fundamental).
• Experience with version control systems.
• Comfortable with command line tools.

Responsibilities

• Application: You will have the opportunity to work in any of the many areas we work in, across an even wider variety of business functions. Types of Models: Classification, regression, anomaly detection, natural language processing, computer vision, reinforcement learning, recommendation systems, dimensionality reduction, Large Language Models including generative AI. Business Functions: Internal Audit, Cybersecurity, Fraud Management, Anti-Money Laundering, Insurance, Credit Risk, Technology Operations, Identity & Access Management, Human Resources.
• Validation: Your role is to challenge models and identify risks associated with their use – both conceptually and empirically. To that end, you will design and execute validation frameworks, exploring modelling considerations such as conceptual soundness, data processing, metric reproducibility & stability, benchmarking, robustness, uncertainty quantification, fairness, privacy, explainability, implementation controls and more. You will also have the freedom to explore ideas that interest you and build your own models and tools.
• Research & Development: You will read research papers (established work and state-of-the-art) to enhance how our team validates models and contribute to our knowledge pool. You are encouraged to apply what you've learned to real-world problems, develop reusable software packages, and share your insights with others.
• IT: You will collaborate with cross-functional stakeholders to establish and promote best-practices related to MLOps, tooling and IT infrastructure.
• Governance: You will work with model developers (data scientists, researchers, engineers) and business stakeholders to inventory applications of AI and machine learning at the bank, determine their materiality, and assess whether they require review.

Benefits

• Leaders who support your development through coaching and managing opportunities.
• Flexibility to work on projects that you are passionate about.
• Ability to make a difference and lasting impact.
• Work in a dynamic, collaborative, progressive, and high-performing team.
• Opportunities to do challenging work and make a difference.
• Opportunities to build close relationships.

What This Job Offers

• Job Type: Full-time
• Career Level: Intern
• Number of Employees: 5,001-10,000 employees