Quantitative Risk Manager Jobs in Toronto, ON (NOW HIRING)

What is the Opportunity?

As part of the Group Risk Management team, the Director, Risk Models - Global Risk Analytics leads a team which is responsible for the conceptual design, development, and ongoing maintenance of the mathematical models used in regulatory stress testing and capital adequacy assessments from a trading and market risk perspective.

This includes ensuring that the model's underlying methodologies are appropriate and that they are implemented with integrity, to facilitate the effective management of the bank's capital adequacy assessment under stress scenarios.

What will you do?

• Work with model users to understand their business requirements.
• Conduct research, review regulatory requirements and consult with industry stakeholders to evaluate best practices for modeling.
• Make recommendations on model methodologies, and develop technical implementation, either for production usage or to serve as a prototype for benchmark testing.
• Provide business requirements with technical implementation details and user acceptance criteria to technology teams for production deployment, and validate implementation using independently developed benchmark models.
• Document model methodologies, implementation details and testing results, and work with internal validation to facilitate their approval of the models.
• Develop tools to assess and monitor model performance, including assumptions and limitations, on an ongoing basis for reporting to the various model monitoring governance committees.
• Investigate and remediate modeling issues identified through regular re-reviews, ongoing monitoring or by internal validation.
• Re-assessment and testing of models, including assumptions and limitations and benchmarking against alternative models, and documentation of the results in models whitepapers and annual assessments for review by internal validation.

What do you need to succeed?

Must Have:

• Broad knowledge of traded products across various asset classes.
• Strong analytical and problem solving skills.
• Excellent programming skills (e.g., Python).
• Strong data management and analysis skills (e.g. SQL and Excel).
• Ability to work collaboratively to achieve team goals.
• Agility to adapt to changing circumstances in a dynamic environment.
• Experience managing a team.
• Strong English communication skills, both written and verbal, especially in the explanation of complex modeling concepts to senior management and regulators.

Nice-to-Have:

• Masters in Financial Engineering, or a degree in another quantitative subject such as physics, statistics, mathematics or mathematical finance and/or a relevant professional qualification, with concentration in quantitative methods and/or finance.
• Understanding of regulatory requirements and industry best practices for CCAR stress testing.

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

Additional Job Details

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.

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.