Manager, Enterprise Model Risk Management

Royal Bank of Canada • Toronto, ON

3d • Onsite

About The Position

You will work closely with model stakeholders to validate mathematical or statistical finance models used by RBC. You will also act as a trusted advisor and effective challenger to model developers and users on all matters pertaining to risk modeling requirements.

Requirements

• Graduate degree in a quantitative discipline such as physics, mathematics, computer science, statistics, actuarial science, data science, finance or financial engineering. Strong academic and research background may also count towards work experience.
• At least 2 years of work experience in mathematical/statistical modeling in a similar or related role such as a model developer/validator, a front office quant, a risk quant, or a risk manager. Ph.D. research can count as experience.
• Proficient in model development in VBA, R, Python, or other programing languages.
• Broad exposure to and excellent knowledge of a wide range of financial models and model validation/testing techniques.
• Exceptional analytical, statistical, computational and critical thinking skills.

Nice To Haves

• Client Counseling
• Competitive Markets
• Critical Thinking
• Financial Instruments
• Financial Regulation
• Investment Risk Management
• Long Term Planning
• Quantitative Methods
• Risk Management

Responsibilities

• Perform effective challenge of model inputs, methodology, and implementation.
• Independently build replication/benchmarking models.
• Engage model builders and related function groups personnel as necessary to proactively assess, document, and independently validate mathematical/statistical finance models and their usage by the bank.
• 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

Benefits

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Manager