As Associate Director, Model Risk Management, you will act as an effective challenger to model users/ modelers on all matters pertaining to model risk. You will facilitate compliance with RBC model ...
New
As Associate Director, Model Risk Management, you will act as an effective challenger to model users/ modelers on all matters pertaining to model risk. You will facilitate compliance with RBC model ...
New
... the Director, Model Risk Management, and supports the Director and the VP, Model Risk Management, with respect to all aspects of model validation activities within the Bank. The incumbent is ...
... the Director, Model Risk Management, and supports the Director and the VP, Model Risk Management, with respect to all aspects of model validation activities within the Bank. The incumbent is ...
Senior Analyst, Model Risk Management
Toronto, ON · Hybrid
CA$65K - CA$109K/yr
Reporting to the Director of Model Risk Management, this position is based in the Toronto Head Office. The incumbent is responsible for determining and assessing the acceptability of models ...
Senior Analyst, Model Risk Management
Toronto, ON · Hybrid
CA$65K - CA$109K/yr
Reporting to the Director of Model Risk Management, this position is based in the Toronto Head Office. The incumbent is responsible for determining and assessing the acceptability of models ...
Model Risk Management: * Developing, maintaining, and implementing the Bank's Model Risk Management Program covering Wholesale Credit risk models which are used for supporting risk scoring, decision ...
Model Risk Management: * Developing, maintaining, and implementing the Bank's Model Risk Management Program covering Wholesale Credit risk models which are used for supporting risk scoring, decision ...
The Director, Model Enhancement & Governance, will lead the transformation program for models and ... Independently coordinate with model risk management to support the initial and ongoing validation ...
The Director, Model Enhancement & Governance, will lead the transformation program for models and ... Independently coordinate with model risk management to support the initial and ongoing validation ...
You will also contribute to the assessment of the effectiveness of model risk management practices with focus on AML, Credit Risk, Artificial Intelligence & Machine Learning (AI/ML), Stress Testing ...
You will also contribute to the assessment of the effectiveness of model risk management practices with focus on AML, Credit Risk, Artificial Intelligence & Machine Learning (AI/ML), Stress Testing ...
You will execute model validations in line with the bank's Model Risk Management Policy and OSFI ... direct experience in capital markets/market risk model validation or development. Combination of ...
You will execute model validations in line with the bank's Model Risk Management Policy and OSFI ... direct experience in capital markets/market risk model validation or development. Combination of ...
Senior Model Risk & Validation Consultant
Toronto, ON · Hybrid
CA$120K - CA$145K/yr
Job Overview Reporting into the Enterprise Risk Management function, the Senior Model Risk & Validation Consultant plays a key role in independent review, validation, and challenge of models across ...
Senior Model Risk & Validation Consultant
Toronto, ON · Hybrid
CA$120K - CA$145K/yr
Job Overview Reporting into the Enterprise Risk Management function, the Senior Model Risk & Validation Consultant plays a key role in independent review, validation, and challenge of models across ...
Senior Model Risk & Validation Consultant
Toronto, ON · On-site
CA$120K - CA$145K/yr
Job Overview Reporting into the Enterprise Risk Management function, the Senior Model Risk & Validation Consultant plays a key role in independent review, validation, and challenge of models across ...
New
Senior Model Risk & Validation Consultant
Toronto, ON · On-site
CA$120K - CA$145K/yr
Job Overview Reporting into the Enterprise Risk Management function, the Senior Model Risk & Validation Consultant plays a key role in independent review, validation, and challenge of models across ...
New
Coordinates the management of databases; ensures alignment and integration of data in adherence with data governance standards. * Defines business requirements for the bank's Model Inventory System ...
Coordinates the management of databases; ensures alignment and integration of data in adherence with data governance standards. * Defines business requirements for the bank's Model Inventory System ...
The Work The Model Risk Management (MRM) team is responsible for ensuring that model risk is appropriately managed according to the Bank's Model Risk Policy and Standards and compliant with ...
The Work The Model Risk Management (MRM) team is responsible for ensuring that model risk is appropriately managed according to the Bank's Model Risk Policy and Standards and compliant with ...
The Work The Model Risk Management (MRM) team is responsible for ensuring that model risk is appropriately managed according to the Bank's Model Risk Policy and Standards and compliant with ...
The Work The Model Risk Management (MRM) team is responsible for ensuring that model risk is appropriately managed according to the Bank's Model Risk Policy and Standards and compliant with ...
The Work The Model Risk Management (MRM) team is responsible for ensuring that model risk is appropriately managed according to the Bank's Model Risk Policy and Standards and compliant with ...
New
The Work The Model Risk Management (MRM) team is responsible for ensuring that model risk is appropriately managed according to the Bank's Model Risk Policy and Standards and compliant with ...
New
Data Scientist, AI Model Risk
Toronto, ON · On-site
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 ...
Data Scientist, AI Model Risk
Toronto, ON · On-site
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 ...
Assess the design and operating effectiveness of AI governance, model risk management, and AI ... Execution Direct Audit Engagements Across Platforms * Oversee execution of AI and data audits ...
Assess the design and operating effectiveness of AI governance, model risk management, and AI ... Execution Direct Audit Engagements Across Platforms * Oversee execution of AI and data audits ...
Assess the design and operating effectiveness of AI governance, model risk management, and AI lifecycle controls across global operations * Strategic Coverage Planning: Develop and maintain the ...
New
Assess the design and operating effectiveness of AI governance, model risk management, and AI lifecycle controls across global operations * Strategic Coverage Planning: Develop and maintain the ...
New
Director, Risk Management
Toronto, ON · Hybrid
CA$140K - CA$260K/yr
Permanent Work Model: Hybrid Reference code: 134562 Primary Location: Toronto, ON All Available ... You will also oversee a variety of service line risk management activities, including regulatory ...
Director, Risk Management
Toronto, ON · Hybrid
CA$140K - CA$260K/yr
Permanent Work Model: Hybrid Reference code: 134562 Primary Location: Toronto, ON All Available ... You will also oversee a variety of service line risk management activities, including regulatory ...
Manager, Model Validation
Toronto, ON · On-site
This role executes validations in line with the Bank's Model Risk Management Policy and regulatory expectations, working closely with model developers and stakeholders across Treasury, Risk ...
Manager, Model Validation
Toronto, ON · On-site
This role executes validations in line with the Bank's Model Risk Management Policy and regulatory expectations, working closely with model developers and stakeholders across Treasury, Risk ...
Comprehensive understanding and expertise of OSFI E-23 Model Risk Management Guidelines. * Proficiency in standard credit risk practices, including expected loss methodologies for Probability of ...
Comprehensive understanding and expertise of OSFI E-23 Model Risk Management Guidelines. * Proficiency in standard credit risk practices, including expected loss methodologies for Probability of ...
The opportunity The Director, Operational Risk Management is a senior leader accountable for leading, and embedding Ontario Teachers' enterprise-wide operational risk management and resilience ...
The opportunity The Director, Operational Risk Management is a senior leader accountable for leading, and embedding Ontario Teachers' enterprise-wide operational risk management and resilience ...
Director Model Risk Management information
What is the difference between Director Model Risk Management vs Model Validation Manager?
| Aspect | Director Model Risk Management | Model Validation Manager |
|---|---|---|
| Credentials | Advanced degrees (e.g., Master’s, PhD), certifications like FRM or CFA | Similar credentials, often with FRM or CFA |
| Work Environment | Strategic oversight, cross-department collaboration, senior leadership | Technical validation, model testing, detailed analysis |
| Industry Usage | Used in banking, finance, risk management departments | Common in model development and validation teams |
| Search/Comparison Intent | Understanding leadership roles in risk management | Focus on technical validation and model testing |
The main difference is that the Director Model Risk Management oversees the entire model risk framework, providing strategic guidance and leadership, while the Model Validation Manager focuses on technical validation and testing of models. Both roles require similar credentials and are integral to risk management in financial institutions, but they differ in scope and responsibilities.
What are popular job titles related to Director Model Risk Management jobs in Toronto, ON?
For Director Model Risk Management jobs in Toronto, ON, the most frequently searched job titles are:
What job categories do people searching Director Model Risk Management jobs in Toronto, ON look for?
The top searched job categories for Director Model Risk Management jobs in Toronto, ON are:
Associate Director, Model Risk Management
Toronto, ON • On-site
Royal Bank of Canada
• Banking and Credit Intermediation • 10K+ employees10,000+ employees
Full-time
Posted 3 days ago
New
Job description
Job Description
What is your opportunity?
As Associate Director, Model Risk Management, you will act as an effective challenger to model users/ modelers on all matters pertaining to model risk. You will facilitate compliance with RBC model risk policies and procedures, with an emphasis on model risk controls pertaining to model usage.
What will you do?
Validate US Credit models (C&I, CRE, mortgage and credit card portfolios), PPNR models, and/or Securitized Product models. Oversee the Compliance Risk Assessment (CRA) program, ensuring that compliance risks are effectively identified, assessed, and mitigated across business lines and regions
Conduct local model risk management in mortgage loan models and Securitized Product models
Engage the risk, finance, front office, and other related function group personnel, as necessary to pro-actively identify, assess, monitor, and manage model risk
What do you need to succeed?
Graduate university degree in a quantitative discipline such as math, physics, econometrics, statistics, or financial engineering
3+ years of working experience in quantitative analysis
Possess a strong quantitatively-oriented knowledge of financial products and industry best practices and regulatory requirements for model risk management.
What's 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
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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.
Employment Type: FULL_TIME
About Royal Bank of Canada
Sourced by ZipRecruiter
Industry
Banking and credit intermediation
Company size
10,000+ Employees
Headquarters location
Toronto, Ontario, CA