What is the opportunity?
Join RBC's Enterprise Model Risk Management (EMRM) team and play a critical role in safeguarding the bank against regulatory, financial, and reputational risks. As a Manager, you'll ensure the integrity and efficacy of quantitative models across the organization, preventing potential losses while maintaining compliance with RBC's stringent risk management standards. This is an ideal opportunity for a quantitative professional with a physics, engineering, or mathematical background to apply advanced analytical skills to model validation, risk assessment, and oversight in a dynamic financial environment.
What will you do?
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Validate complex quantitative models including regression, front office pricing, market and counterparty credit risk, and credit risk models
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Engage with stakeholders across risk, finance, and front office functions to identify, assess, monitor, and manage model risk proactively
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Ensure models are appropriately registered, risk-rated, validated, and compliant with RBC model risk policy
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Oversee model governance including protocol adherence for adjustments, changes to inputs/outputs, and documentation
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Provide input on model design and use to enhance risk management effectiveness while maintaining independence of oversight
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Collaborate with cross-functional teams to develop and refine enterprise risk management frameworks
What do you need to succeed?
Must have:
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Master's degree in a quantitative discipline (mathematics, physics, engineering, econometrics, statistics, or financial engineering)
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1+ years' working experience as a quantitative analyst or in mathematical/statistical modeling
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Proficiency with programming languages (Python, C++, C#, VBA) or statistical tools (SAS, MATLAB, R)
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Strong quantitative knowledge of financial products and regulatory requirements for model risk management
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Excellent verbal and written communication skills with a collaborative, interpersonal approach
Nice-to-have:
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Knowledge of regulatory requirements for financial institutions
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Familiarity with enterprise risk management frameworks
What’s in it for you?
We thrive on the challenge to be our best, progressive thinking 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.
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A comprehensive Total Rewards Program including bonuses and flexible benefits
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Leaders who support your development through coaching and managing opportunities
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Ability to make a difference and lasting impact
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Work in an agile, collaborative, progressive, and high-performing team
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The opportunity to interface with senior level executives from many different parts of the organization
Job Skills
Computer Programming, Credit Risks, Critical Thinking, Financial Instrument Valuation, Machine Learning (ML), Market Risk, Mathematical Finance, Model Risk, Risk Management, Writing
Additional Job Details
ROYAL BANK PLAZA, 200 BAY ST:TORONTO
Toronto
Canada
37.5
Full time
GROUP RISK MANAGEMENT
Regular
Salaried
2026-06-15
2026-07-20
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Our Employment Opportunities
At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.
