Job Summary

Job Description

What is the opportunity?

As a senior manager, you play a key leading role for model validation and benchmark model development of structured equity derivative models. 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.Provide consultancy to Local Market Risk, Finance and Global Valuations regarding technical model issues and independent price verification issuesIdentify and escalate material issues related to model risk, and providing consultancy with respect to potential solutions to these issues.Identify and articulate model limitationsIdentify inconsistencies across models and escalate inconsistencies to managementCoach junior staffs

What do you need to succeed?

2+ years of experience in model validation, model development or a related positionProduct knowledge of structured equity derivatives (single and multi-asset, multi-currency products)An advanced degree (Masters, PhD) in a quantitative discipline, ideally in FinanceFluency 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/MatlabSkilled at explaining complex processes in simple language

Nice-to-have (4 bullet maximum)

CFA Charter Holder and/or FRM or PRM certification

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 compensationLeaders who support your development through coaching and managing opportunities 

Job Skills

Decision Making, Detail-Oriented, Financial Risk Management (FRM), Interpersonal Relationship Management, Interpersonal Relationships, Long Term Planning, Results-Oriented, Risk Management, Treasury Management

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:

2025-07-24

Application Deadline:

2025-08-09

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.