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Manager, Enterprise Model Risk Management

RBC Capital

RBC Capital

Toronto, ON, Canada
Posted on Tuesday, July 9, 2024

Job Summary

Job Description


Join RBC’s Enterprise Model Risk Management (EMRM) team as a manager. This role offers you the chance to ensure oversight of model risk, ensuring the integrity and efficacy of various quantitative models used in the bank. You’ll play a critical role in safeguarding the company against regulatory, financial, and reputational risks linked to model risks. Your expertise will help prevent potential losses and ensure compliance with RBC’s stringent risk management standards.


  • 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.


Must have:

  • Hold a graduate university 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.


  • 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


Job Skills

Computer Programming, Credit Risks, Critical Thinking, Financial Instrument Valuation, Machine Learning, Market Risk, Mathematical Finance, Model Risk, Risk Management, Writing

Additional Job Details







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Employment Type:

Full time



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Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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