2026 Fall - GRM, Global Risk Analytics Intern (4 Months) at Royal Bank of Canada

Toronto, Ontario, Canada -

Full Time

Start Date

Immediate

Expiry Date

02 Aug, 26

Salary

0.0

Posted On

04 May, 26

Experience

0 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Derivatives Pricing, Financial Engineering, Risk Analytics, Risk Modeling, Python, MatLab, SQL, Excel, Counterparty Credit Risk, Mathematical Modeling, Data Management, Data Analysis, Regulatory Compliance, Benchmark Testing, Quantitative Methods

Industry

Financial Services

Description

Job Description What is the Opportunity? As part of the Group Risk Management team, the Global Risk Analytics Intern is responsible for the conceptual design, development, and ongoing maintenance of the mathematical models used for the measurement and capitalization of the counterparty credit risk of RBC's derivative portfolio. This includes ensuring that the model's underlying methodologies are appropriate and that they are implemented with integrity, to facilitate the effective management of the bank's CCR. What will you do? Work with model users to understand their business 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 regular re-reviews, ongoing monitoring or by internal validation. Recalibrate models on a regular basis. 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? Broad knowledge of traded products across various asset classes. Understanding of regulatory requirements and industry best practices for the measurement and management of counterparty credit risk. Strong analytical and problem solving skills. Excellent programming skills (e.g., Python, MatLab). Data management and analysis skills (SQL and Excel required). Ability to work collaboratively to achieve team goals. Agility to adapt to changing circumstances in a dynamic environment. Strong English communication skills, both written and verbal, especially in the explanation of complex modeling concepts to senior management and regulators. Educational Requirements Educational background in Financial Engineering, or in another quantitative subject such as physics, statistics, mathematics or mathematical finance and/or a relevant professional qualification, with concentration in quantitative methods and/or finance. Please note: This posting is for a 4-months Fall 2026 Student placement with a start date of September 2026, and end date of December 2026. In order to be eligible for this 4-months Student position, you must either: Be returning back to school after the work term end-date of December 2026 ; or If you are not returning back to school (i.e. are graduating in December 2026), you must require the full 4-months work term as a mandatory component to in order to graduate successfully. Please ensure that you meet these eligibility requirements before applying - candidates who apply but are found to be ineligible are not able to be considered. We encourage you to apply as soon as possible as we accept applications on a rolling basis, but please note that the formal application deadline is May 17, 2026. Should you be selected to progress, someone from our team will reach out directly to provide instructions on next steps. Otherwise, feel free to check for progress updates by logging in to your RBC profile. If the status has not changed, it denotes the fact that your application is still under review. RBC is committed to supporting flexible work arrangements when and where available. The successful candidate for this role will be required to be located within Ontario for the duration of the work term. Details regarding the specific virtual, hybrid, and in-office arrangements for this Integrated Learning/ Co-op position are to be discussed with the Hiring Manager. ET26 Job Skills Derivatives Pricing, Financial Engineering, Risk Analytics, Risk Modeling 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: Student/Coop (Fixed Term) Pay Type: Salaried Posted Date: 2026-04-21 Application Deadline: 2026-05-18 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. Join our Talent Community Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you. 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. 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.

Responsibilities

The intern will design, develop, and maintain mathematical models for measuring and capitalizing counterparty credit risk within the derivative portfolio. They will also collaborate with technology teams for production deployment and monitor model performance through ongoing reporting and validation.