Royal Bank of Canada

Director, Risk Models - Global Risk Analytics

Royal Bank of Canada • $120K — $150K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
Less than 5 years of experience
Reposted Today
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Job Overview by Ladders

Qualifications

  • 5-7 years of experience in quantitative analysis or modeling roles.
  • Broad knowledge of traded products across asset classes.
  • Strong technical proficiency in Python, SQL, and Excel.
  • Deep understanding of CCAR regulatory requirements and best practices.
  • Strong analytical and problem-solving skills with data management focus.
  • Leadership experience managing teams effectively.

Responsibilities

  • Collaborate with model users to gather business requirements.
  • Conduct research and review regulatory demands to assess modeling best practices.
  • Recommend methodologies and develop prototypes for modeling.
  • Provide detailed technical specifications to technology teams for production deployment.
  • Document methodologies and testing results while working on internal validations.
  • Create tools for model performance monitoring and reporting to governance committees.
  • Investigate and address any modeling issues identified during evaluations.

Benefits

  • Comprehensive Total Rewards Program.
  • Opportunities for professional training and development.
  • Collaborative team culture allowing for impactful work.
Full Job Description
Job Description

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?

  • 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
Business Analytics, Effectiveness Measurement, Financial Derivatives, Investment Banking Analysis, Long Term Planning, Market Analysis, Market Risk, Results-Oriented, Risk 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:

2026-02-05

Application Deadline:

2026-06-20
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

About Royal Bank of Canada

Royal Bank of Canada Careers

Join the dynamic team at Royal Bank of Canada (RBC), a global leader in financial services and a company committed to excellence and innovation. At RBC, we offer a wide range of job opportunities that empower professionals to shape their career paths with leadership, diversity training, and continuous growth.

Work You’ll Do

At Royal Bank of Canada, we are not just hiring; we are building a culture of innovation and leadership. Our team members are at the forefront of the financial industry, driving transformation and delivering targeted solutions that meet the evolving needs of our clients and communities.

Explore Job Opportunities and Employment at RBC

Whether you are starting your career or looking to take it to the next level, RBC offers positions that challenge your skills and fuel your ambition. From entry-level positions to leadership roles, our job opportunities span across various functions and regions. Join us and be part of a team that values professional growth and diversity.

Internship and Professional Development

Kickstart your career with an internship at Royal Bank of Canada. Our internships provide invaluable hands-on experience, networking opportunities, and insights into the financial services industry. Interns at RBC gain the skills necessary to excel and are often considered for full-time positions within the company.

Benefits and Culture

At RBC, we prioritize the well-being and satisfaction of our employees. Our benefits package is designed to support our team members at every stage of their life and career. RBC’s culture is built on a foundation of respect, integrity, and responsibility, fostering an environment where everyone can thrive.

Career Growth and Innovation

We believe in nurturing the potential of our employees through continuous learning and career development programs. At RBC, you will find endless opportunities to grow professionally through on-the-job experiences, formal training programs, and leadership development initiatives. Our commitment to innovation means we are constantly seeking out new ideas and perspectives, making RBC a perfect place for those who aim to lead and innovate.

Diversity and Inclusion

Diversity is our strength. At Royal Bank of Canada, we are committed to building an inclusive workplace where every employee feels valued and respected. Our diversity training programs are designed to educate and inspire, creating a more inclusive and equitable workplace.

Join Our Team

Search open positions that match your skills and interests. We look for passionate, curious, creative, and solution-driven team players. Start your journey with RBC today and be part of a world-class team known for its commitment to client service, community involvement, and innovation.

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Learn more about Royal Bank of Canada
Size
86,007 employees
Market Cap
$130.3 billion
Industry
Finance & Insurance
5 Year Trend
+8.7%
NASDAQ
RY
* Ladders Estimates

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