Royal Bank of Canada

Manager, Enterprise Model Risk Management

Royal Bank of Canada$90K — $120K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Graduate degree in quantitative discipline (e.g. physics, mathematics, finance)
  • Minimum 2 years of relevant work experience or Ph.D. research
  • Proficient in VBA, R, Python or similar programming languages
  • Strong knowledge of financial models and validation techniques
  • Exceptional analytical and critical thinking skills

Responsibilities

  • Challenge model inputs, methodology, and implementation
  • Build replication/benchmarking models independently
  • Engage model builders and related personnel for assessment and validation
  • Understand the flow and context of model usage within the business
  • Ensure adherence to RBC model risk policy

Benefits

  • Comprehensive Total Rewards Program with bonuses and flexible benefits
  • Supportive leaders focused on development and coaching
  • Opportunity to make a lasting impact
  • Collaborative and high-performing work environment
  • Interface with executives from diverse organizational areas
Full Job Description
Job Description

What is your opportunity?

You will work closely with model stakeholders to validate mathematical or statistical finance models used by RBC. You will also act as a trusted advisor and effective challenger to model developers and users on all matters pertaining to risk modeling requirements.

What will you do?
  • Perform effective challenge of model inputs, methodology, and implementation. Independently build replication/benchmarking models.
  • Engage model builders and related function groups personnel as necessary to proactively assess, document, and independently validate mathematical/statistical finance models and their usage by the bank.
  • Acquire and maintain a thorough understanding of the flow and context of model usage by the business.
  • Ensure that model users adhere to RBC model risk policy


What do you need to succeed?

Must-have
  • Graduate degree in a quantitative discipline such as physics, mathematics, computer science, statistics, actuarial science, data science, finance or financial engineering. Strong academic and research background may also count towards work experience.
  • At least 2 years of work experience in mathematical/statistical modeling in a similar or related role such as a model developer/validator, a front office quant, a risk quant, or a risk manager. Ph.D. research can count as experience.
  • Proficient in model development in VBA, R, Python, or other programing languages.
  • Broad exposure to and excellent knowledge of a wide range of financial models and model validation/testing techniques.
  • Exceptional analytical, statistical, computational and critical thinking skills.


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
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:

2026-06-26

Application Deadline:

2026-07-20
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
5 Year Trend
+8.7%
NASDAQ

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