Royal Bank of Canada

Manager, Enterprise Model Risk Management

Royal Bank of Canada • $90K — $120K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Master's Degree in quantitative discipline (math, physics, econometrics, statistics, financial engineering).
  • Strong quantitative knowledge of financial products, model risk management best practices, and regulatory requirements.
  • Over 1 year of experience as a quantitative analyst or in modeling roles.
  • Proficiency in programming languages (Python, C++/C#, VBA) or statistical tools (SAS, MATLAB, R).
  • Exceptional verbal and written communication skills.
  • Collaborative mindset with strong interpersonal skills.

Responsibilities

  • Validate various financial models including regression and risk management models.
  • Engage with stakeholders to identify and manage model risk effectively.
  • Ensure models are registered, validated, and comply with RBC's model risk policy.
  • Provide input on model design and usage to improve model risk management where independence is preserved.
  • Oversee the adjustments and changes to model inputs and outputs following appropriate protocols.

Benefits

  • Comprehensive Total Rewards Program with bonuses and flexible benefits.
  • Development support from leadership through coaching and opportunities.
  • Chance to make a significant impact within the organization.
  • Collaborative and high-performing team environment.
  • Access to a world-class training program in financial services.
  • Flexible work/life balance options.
  • Opportunities to engage in challenging work.
Full Job Description
Job Description

WHAT WILL YOU DO?

  • Validate models: Including but not limited to, regression models, front office pricing models, market and counterparty credit risk models, and credit risk models.
  • Engage with stakeholders: Work closely with risk, finance, front office, and other related function group personnel to identify, assess, monitor, and manage model risk proactively.
  • Oversight responsibilities: Ensure that, per RBC model risk policy, models are:
    • Appropriately registered and risk rated by EMRM (Enterprise Model Risk Management).
    • Validated before use.
    • Following appropriate protocol when adjustments or other changes are made to a model, its inputs or outputs.
  • As appropriate and where independence of oversight is not compromised, offer input on model design or use that would enhance the management of model risk.


WHAT DO YOU NEED TO SUCCEED?

Must have:
  • Hold a Master Degree in a quantitative discipline such as math, physics, econometrics, statistics, or financial engineering.
  • Possess a strong quantitatively oriented knowledge of financial products and industry best practices and regulatory requirements for model risk management.
  • Have more than 1 years of working experience as a quantitative analyst and/or in mathematical/statistical modeling.
  • Experience in working with programming languages (Python, C++/C# or VBA) or statistical analysis tools (SAS, MATLAB, or R).
  • Strong verbal and written communication skills.
  • Have a collaborative mind-set with strong interpersonal skills.


Nice-to-have:
  • Knowledge of regulatory requirements for financial institutions
  • Familiar with enterprise risk management framework


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, commissions, and stock where applicable
  • Leaders who support your development through coaching and managing opportunities
  • Ability to make a difference and lasting impact
  • Work in a dynamic, collaborative, progressive, and high-performing team
  • A world-class training program in financial services
  • Flexible work/life balance options
  • Opportunities to do challenging work


#LI-Hybrid

Job Skills
Computer Programming, Credit Risks, Critical Thinking, Financial Instrument Valuation, Machine Learning (ML), Market Risk, Mathematical Finance, Model Risk, Risk Management, Writing

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:

2026-06-15

Application Deadline:

2026-08-30
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.

Stay Connected

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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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