Royal Bank of Canada

Manager, Enterprise Model Risk Management

Royal Bank of Canada • $100K — $130K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • 5+ years of model risk management or model developer experience, especially in Market and Counterparty Credit Risk or Asset Management models.
  • Strong analytical, communication, problem solving, and stakeholder management skills.
  • Undergraduate and postgraduate degrees in a quantitative discipline (physics, mathematics, engineering, economics, etc.).
  • Knowledge of model risk regulations, RBC policies, procedures, and practices (preferred).
  • Proficiency with Bank Technology or programming languages (preferred).

Responsibilities

  • Engage model developers and users to understand model usage in the business.
  • Perform independent validation and identify key sources of model uncertainty.
  • Deliver clear validation reports with sound conclusions based on testing outcomes.
  • Complete validation projects within stated timelines for timely model use.
  • Maintain professional relationships and treat clients and colleagues with respect and empathy.
  • Partner with stakeholders to align team efforts with business strategies while managing risk.
  • Contribute to process improvement projects for enhanced model risk management efficiency.
  • Support junior team members in validation activities.

Benefits

  • Comprehensive Total Rewards Program including bonuses and flexible benefits.
  • Leaders supportive of professional development through coaching and management opportunities.
  • Opportunity to work in a dynamic and high-performing team.
  • Growth opportunities and the chance to redefine audit approaches.
Full Job Description
Job Description

What is the opportunity?
As part of the Enterprise Model Risk Management (EMRM) team within Group Risk Management (GRM), the Associate Director will be primarily responsible for carrying out independent validation of models withing the Market and Counterparty Credit Risk model categories as well as the Wealth Management business.

What will you do?
  • Engage relevant model developer/owners and users across market risk, counterparty credit risk and/or wealth management model categories as necessary to acquire and maintain a thorough understanding of the flow and context of model usage by the business.
  • Perform independent validation, delivering effective challenge to understand all key sources of model uncertainty and ensure that model usage adheres to RBC model risk policy.
  • Deliver clear, well written validation reports with sound conclusions based on assessment and testing outcomes.
  • Complete projects within stated timelines to assist the business to use models in a timely and safe way.
  • Ensure clients and colleagues are treated with respect, a highly professional empathetic approach is used, and good working relationships are maintained. Look for, and act upon, opportunities to strengthen the quality of challenge, efficiency and communication of key model risk processes and deliverables.
  • Partner with stakeholders to achieve collective results. Act as a catalyst to ensure team is strategically aligned with business strategies while maintaining the Bank's desired risk profile.
  • Support direct managers and contribute directly to process improvement projects aimed at maximizing quality and efficiency of the model risk management process
  • Provide support for more junior members of the team to enable them to perform validation activities


What do you need to succeed?

Must-have:
  • 5+ years of model risk management or model developer experience with a preferred focus on Market and Counterparty Credit Risk, or Asset Management models.
  • Strong analytical, communication, problem solving and stakeholder management skills.
  • Undergraduate and post graduate degrees in a quantitative subject (eg physics, mathematics, engineering, economics etc).

Nice-to-have:
  • In-depth knowledge of model risk regulations, RBC policies, procedures & practices.
  • Proficiency with Bank Technology and/or more general programming languages.
  • Experience in wealth/asset management modelling.


What's in it for you?
We thrive on the challenge to be our best, progressive thinking 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, competitive compensation.
  • Leaders who support your development through coaching and managing opportunities.
  • Work in a dynamic, collaborative, progressive, and high-performing team.
  • Opportunities for growth, and opportunities to redefine audit approaches.


Job Skills
Client Counseling, Competitive Markets, Critical Thinking, Financial Instruments, Financial Regulation, Investment Risk Management, Long Term Planning, Quantitative Methods, Risk Management

Additional Job Details

Address:

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:

2026-06-11

Application Deadline:

2026-07-17
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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Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding career opportunities awaiting you at RBC. Explore the possibilities with Royal Bank of Canada, where your future is filled with potential and the path to success is paved with countless opportunities for professional and personal growth. Join us and shape not just your career but the future of the financial industry.
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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