drjobs Senior Manager, EMRM

Senior Manager, EMRM

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1 Vacancy
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Job Location drjobs

Toronto - Canada

Monthly Salary drjobs

Not Disclosed

drjobs

Salary Not Disclosed

Vacancy

1 Vacancy

Job Description

Job Summary

Job Description

What is the opportunity

As a senior manager you play a key leading role for model validation and benchmark model development of structured equity derivative models. You will evaluate material issues related to model risk and increase the banks operational effectiveness in dealing with a large volume of regulatory-driven model validation initiatives. You will contribute to RBCs goal of being a leading financial services partner valued for our expertise.

What will you do

  • Independently validate new and existing valuation and risk measurement models for RBC Capital Markets with a concentration on structured equity derivatives.
  • Provide consultancy to Local Market Risk Finance and Global Valuations regarding technical model issues and independent price verification issues
  • Identify and escalate material issues related to model risk and providing consultancy with respect to potential solutions to these issues.
  • Identify and articulate model limitations
  • Identify inconsistencies across models and escalate inconsistencies to management
  • Coach junior staffs

What do you need to succeed

  • 2 years of experience in model validation model development or a related position
  • Product knowledge of structured equity derivatives (single and multi-asset multi-currency products)
  • An advanced degree (Masters PhD) in a quantitative discipline ideally in Finance
  • Fluency in computational techniques including Monte Carlo simulation numerical and analytic solution of partial differential equations.
  • Programming ability in languages like C/C/Java/Perl/Python/VBA; adept at applications such as Excel/Matlab
  • Skilled at explaining complex processes in simple language

Nice-to-have (4 bullet maximum)

  • CFA Charter Holder and/or FRM or PRM certification

Whats 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.

  • A comprehensive Total Rewards Program including bonuses and flexible benefits competitive compensation
  • Leaders who support your development through coaching and managing opportunities

Job Skills

Decision Making Detail-Oriented Financial Risk Management (FRM) Interpersonal Relationship Management Interpersonal Relationships Long Term Planning Results-Oriented Risk Management Treasury Management

Additional Job Details

Address:

ROYAL BANK PLAZA 200 BAY ST:TORONTO

City:

TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

Application Deadline:

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 Manager

Employment Type

Full-Time

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