Manager, Enterprise Model Risk Management
Manager, Enterprise Model Risk Management
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Job Description
Job Summary
Job Description
What is your opportunity
You will work in close proximity with model stakeholders in order to vet and validate mathematical/statistical 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.
What will you do
Perform effective challenge of model inputs methodology and implementation. Independently build replication/benchmarking models
Engage model builders 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
What do you need to succeed
Must-have
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.
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 count as experience.
Proficient in model development in Python or other programing language.
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
Whats in it for you
We thrive on the challenge to be our best thinking progressively 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.
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
Job Skills
Additional 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:
Manager
Employment Type
Full-Time
