Senior Data Scientist, AI Model Risk
Senior Data Scientist, AI Model Risk
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Job Description
Job Summary
Job Description
What is the opportunity
RBC is a global leader in applying Artificial Intelligence (AI) in the banking sector in order to create value for our clients with capabilities ranging from NLP-powered digital banking boosting ensembles in fraud detection and AML voice assistants in customer service to algorithmic trading in capital markets. A failure to effectively prepare for and manage emerging model risk related to AI would subject RBC to financial regulatory and reputational risks and as a result RBC would not be able to provide its clients with the best quality service. Therefore the AI validation team within RBCs 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.
What will you do
- 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.
- 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 youve 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.
As a Senior Data Scientist your technical expertise will enable you to be effective in a team environment and when working independently.
What do you need to succeed
Must-have
- Passionate about learning and staying up-to-date with research and technology
- Strong communication and interpersonal skills
- Progress towards a PhD or Masters degree in Statistics Computer Science Applied Mathematics Econometrics Engineering Quantitative Finance or a related quantitative field
- 3 years programming skills experience 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-have
- 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
Whats in it for you
As a team we thrive on the challenge to be our best encourage progressive thinking for continued growth and collaborate with one another to deliver trusted advice to help our clients thrive and our communities prosper. We respect and care about all of our team members and support one another in reaching our fullest potential. We work together to make a difference in our communities and to achieve success that is mutual.
This opportunity will provide you with:
- 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
Job Skills
Client Counseling Competitive Markets Critical Thinking Financial Instruments Financial Regulation Investment Risk Management Long Term Planning Quantitative Methods Risk ManagementAdditional Job Details
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Note: 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 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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Required Experience:
Senior IC
Employment Type
Full-Time
