Associate Director, Market Risk Analytics

What is the opportunity? 

​As part of the Group Risk Management team, the Associate Director, Market Risk Analytics is responsible for developing, maintaining, and monitoring the performance on an ongoing basis of models used for the measurement of Fundamental Review of the Trading Book (FRTB) regulatory purposes, including multijurisdictional requirement (e.g., OSFI).

This includes ensuring that the model's underlying methodologies are conceptually sound and that the models are implemented with integrity so that they accurately measure RBC’s market risks. The models (and any changes to them) will be documented for review and approval by internal validation, and the results of ongoing model performance monitoring presented to senior management at various committees.

What will you do?  

• Work with model business owners and users to understand the model functionality requirements
• Conduct research, review regulatory requirements and consult with industry stakeholders to evaluate best practices for modeling.
• Make recommendations on model methodologies, and develop technical implementation, either for production usage or to serve as a prototype for benchmark testing.
• Provide business requirements with technical implementation details and user acceptance criteria to technology teams for production deployment, and validate implementation using independently developed benchmark models.
• Document model methodologies, implementation details and testing results, and work with internal validation to facilitate their approval of the models.
• Develop tools to assess and monitor model performance, including assumptions and limitations, on an ongoing basis for reporting to the various model monitoring governance committees.
• Investigate and remediate modeling issues identified through ongoing monitoring or by internal validation.
• Re-assessment and testing of models, including assumptions and limitations and benchmarking against alternative models, and documentation of the results in models whitepapers and annual assessments for review by internal validation.

What do you need to succeed?

Must-have  

• Experience in financial risk management and quantitative modeling, preferably within market risk.
• Strong analytical and problem solving skills
• Excellent computer programming skills (e.g. Python, MatLab)
• Strong data analysis skills (e.g. SQL and Excel)
• Strong communication skills, both written and verbal, especially in the explanation of complex modeling concepts to senior management and regulators

Nice-to-have 

• Masters in Financial Engineering, Mathematical Finance, or equivalent.  Alternatively, a degree in a quantitative discipline such as physics, mathematics, statistics or engineering.
• Knowledge of regulatory requirements for capitalization of market risk an asset
• Professional certification, such as Financial Risk Manager or Chartered Financial Analyst

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 to do challenging work
• Flexible work/life balance options

Job Skills

Communication, Decision Making, Economic Analysis, Financial Instruments, Group Problem Solving, Investment Risk Management, Market Analysis, Market Risk, Risk Management

Additional Job Details

ROYAL BANK PLAZA, 200 BAY ST:TORONTOTorontoCanada37.5Full timeGROUP RISK MANAGEMENTRegularSalaried2025-11-202025-12-06

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.