Job DescriptionWhat is the opportunity?As a manager, you are responsible for model validation and benchmark model development of structured equity derivative models and downstream potential future exposure frameworks. Your responsibilities include preventing any loss that could occur due to the misuse of mathematically complex models, for the purpose of protecting and enhancing RBC's financial safety and reputation.
As a manager, you will evaluate material issues related to model risk and increase the bank's operational effectiveness in dealing with a large volume of regulatory-driven model validation initiatives. You will contribute to RBC's 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 and their application to potential future exposure (PFE) calculations.
- 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.
- Assess the theoretical soundness, calibration quality, and exposure implications of equity derivatives pricing and PFE models.
- Identify and articulate model limitations.
- Report writing and model inventory maintenance.
- Identify inconsistencies across models and escalate inconsistencies to management.
What do you need to succeed? - 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 - CFA Charter Holder and/or FRM or PRM certification
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 SkillsActuarial Modeling, Business Analytics, Credit Analysis, Financial Regulation, Internal Auditing, Investment Risk Management, Predictive Analytics, Risk Management, Standard Operating Procedure (SOP), Statistical Analysis
Additional Job DetailsAddress:180 WELLINGTON ST W: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:2026-06-02
Application Deadline:2026-06-18
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
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.
