Manager, Enterprise Risk Model Management

RBC • Toronto, ON

2d • Onsite

About The Position

You will work in close proximity with model stakeholders in order to vet and validate mathematical/statistical models used by RBC, mainly (but not exclusively) focusing on models related to Credit Risk (PD/LGD/EAD/etc.) for IFRS 9 and EWST. 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, math, engineering, computer science, statistics, finance or financial engineering. Strong academic and research background may also count towards work experience.
• Minimum 1 year 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.
• Proficient in model development in SAS, Python or other programing language.

Nice To Haves

• 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

Responsibilities

• Perform effective challenge of model inputs, methodology, and implementation.
• Independently build replication/benchmarking models using statistic and/or machine learning algorithms
• Engage model developers and related function groups personnel as necessary in order to proactively assess, document, and independently validate mathematical/statistical 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