Associate Director, Model Innovation and Implementation

What is the opportunity?

• The Associate Director, Model Innovation and Implementation will lead the development and enhancement of the market risk and counterparty credit risk assessment, with a sharp focus on market data integration and scenario generation to support regulatory (e.g., CCAR) and internal risk management frameworks. This role bridges advanced quantitative modeling and data modeling with robust IT implementation, ensuring seamless alignment between risk methodologies and enterprise architecture.

What will you do?

• Design and maintain a Python-based market risk library covering all asset classes (interest rates, equity, credit, FX, commodities), with a focus on scenario generation, stress testing, and P&L attribution.
• Lead market data integration efforts, ensuring accurate risk factor identification, mapping, and validation for trading portfolios.
• Collaborate closely with IT partners to define technical specifications, develop test frameworks, and validate production implementations of risk models.
• Drive innovation in risk measurement methodologies, including research into AI/ML applications (e.g .scenario generation, anomaly detection).
• Act as a liaison between risk, quant, and technology teams to ensure end-to-end solution delivery, from model prototyping to production deployment.
• Document and present complex methodologies to senior stakeholders, emphasizing clarity and actionable insights.

What do you need to succeed?
Must-have:

• 3+ years of hands-on experience in market risk management (e.g., VaR, stress testing, CCAR) with a focus on scenario generation and market data workflows.
• Expert Python skills for financial modeling, data manipulation (e.g., pandas, NumPy), and integration with risk systems.
• Advanced degree (Master’s/PhD) in Finance, Engineering, Statistics, or a related quantitative field.
• Proven ability to partner with IT teams on specification, testing, and production verification of risk models.
• Deep understanding of capital markets products and regulatory requirements (e.g., FRTB, CCAR).
• Strong communication skills to translate technical concepts into business-aligned solutions.

Nice-to-have:

• Familiarity with cloud-based risk platforms or distributed computing frameworks (e.g., Spark, Hadoop).
• Knowledge of market data feeds (e.g., Bloomberg, Refinitiv) and historical data management.

What’s in it for you?

• Impactful Work: Shape the future of risk management through innovative modeling and IT collaboration.
• Growth Opportunities: Work with leaders who prioritize your development and exposure to strategic initiatives.
• Collaborative Culture: Join a high-performing team at the intersection of finance, technology, and regulation.
• Competitive Rewards: Comprehensive compensation, flexible benefits, and recognition for excellence.

Job Skills

Decision Making, Financial Instruments, Group Problem Solving, Market Risk, Performance Management (PM), Python (Programming Language), Python for Data Analysis, Resource Coordination, Risk Management, Value at Risk (VaR), Waterfall Model

Additional Job Details

ROYAL BANK PLAZA, 200 BAY ST:TORONTOTorontoCanada37.5Full timeGROUP RISK MANAGEMENTRegularSalaried2026-03-202026-04-04

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

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One 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.

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.