Job DescriptionWhat is the Opportunity? We are seeking a skilled Market Risk Model Developer to support the RBC Insurance CIO Function to measure, analyze and report market risk. The ideal candidate will develop and maintain robust risk framework and practice through modeling to provide actionable insights into investment portfolios, risk exposures, regulatory metrics and performance reporting. This role is essential for enabling data-driven decision making by portfolio managers, actuaries, and senior leaders.
What will you do?- Lead the creation and implementation of key risk metrics (PV01, CS01, Inflation 01, XCCY01) across all asset classes to provide clear visibility into market exposures.
- Integrate market risk measures and reporting into the Enterprise Risk Management framework, including stress scenario analysis, to ensure cohesive risk oversight.
- Validate daily PnL reporting by linking it to risk metrics and cash flows, demonstrating how market risk positions directly impact financial results.
- Decompose total asset PnL by market risk driver to support performance attribution and inform business decision-making.
- Manage market risk reporting processes and collaborate with the 2LOD to ensure robust market risk model governance and control.
- Partner with CIO leadership on 1LOD risk governance, controls, and reporting within the Investments proprietary platform to strengthen the enterprise risk framework.
What do you need to succeed?Must-have- Minimal bachelor's degree in computer science, quantitative mathematics or related fields with working knowledge on insurance asset and liability management.
- 6+ years of working experience in python-based full cycle model design, development, validation and testing.
- Solid understanding on various asset classes (bonds, equities, linear and nonlinear derivatives, structured products), capital requirements, and portfolio level analytics.
- Passionate to solve technical problems and flexible to adapt to changes in a dynamic working environment.
- Excellent communication skills and ability to collaborate across investment, risk and other functional partners.
- A high-performing team leader to direct team strategy, performance, and development to deliver robust risk measurement and reporting across the organization.
Nice-to-have- Experience with Insurance company data and reporting process.
- Knowledge of data ETL process and data management would be an asset.
- Knowledge of Snowflake and Power BI would be an asset.
- Knowledge of Bloomberg would be an asset.
What's in it for you?Whether it's developing new skills, opportunities to innovate and grow, modern and comprehensive benefits, or the flexibility to enjoy the moments that matter, at RBC you have everything you need at your fingertips to build your career and life.
- Working with an award-winning team Awards | RBC Diversity & Inclusion
- A comprehensive Total Rewards package that prioritizes your overall wellbeing, including flexible and modern benefits, competitive compensation and stock options
- Work where you belong as part of a supportive, inclusive team and company that celebrate your unique perspectives, background and experience and want you to bring your whole self to work, every day.
- Leaders who are invested in your success and provide opportunities to learn, to grow and to try new things. Develop new skills, sharpen existing ones and explore paths you never knew existed with a host of learning programs and tools designed to support you in every phase of your career.
- Flexible work arrangements and leaders who support your needs-both personal and professional.
- An opportunity to have real impact on the lives of our clients and the communities you serve.
- RBCI software tools to boost your productivity
Job SkillsAdditional Job DetailsAddress:RBC CENTRE, 155 WELLINGTON ST W:TORONTO
City:Toronto
Country:Canada
Work hours/week:37.5
Employment Type:Full time
Platform:INSURANCE
Job Type:Regular
Pay Type:Salaried
Posted Date:2026-06-09
Application Deadline:2026-06-23
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Compensation for this position (including salary and discretionary/variable payments) will be determined by factors, including but not limited to candidate's experience, skills, registration status, performance, individual goals, market conditions, and business needs.
Pay RangeThe expected pay range for this position is:
$110,000.00 - $160,000.00
The pay range provided is for the primary work location referenced in the Additional Job Details section of this job posting. Pay ranges may differ based on location. If the posting lists multiple job locations, a recruiter can confirm availability of the role and the relevant pay rage for the additional locations listed. RBC supports pay transparency and we strive to ensure all pay ranges are competitive, fair, and equitable.
You have the potential to earn RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided that business meets its performance targets and you meet your individual goals.
