Associate Director, Quantitative Risk Analytics at Dr Bill RBC Ventures

Toronto, Ontario, Canada -

Full Time

Start Date

Immediate

Expiry Date

24 May, 26

Salary

0.0

Posted On

23 Feb, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Quantitative Risk Models, Value at Risk (VaR), Stress Testing, Model Implementation, Model Validation, Backtesting, Python, C++, C#, SQL, Market Data Analysis, Fixed Income, Equity, Derivatives, Securitized Products, Regulatory Compliance

Industry

Banking

Description

Job Description What is the Opportunity? GRA (Global Risk Analytics) Market Risk Methodology team has primary responsibility for risk methodologies related to the measurement of market risk for RBC trading business and selected investment portfolios. This includes leading the methodology specifications, prototype implementation, as well as performance monitoring and maintenance of these methodologies. The team is also responsible for market data and scenarios services to various risk systems. The Associate Director is responsible for methodologies related to market risk management. The primary responsibilities include developing quantitative risk models for Value at Risk (VaR) and stress testing purpose for various product types and portfolio, implementation, documentation, performance monitoring and presenting of these methodologies to related committee. What will you do? Develop model prototype to implement the methodology or test methodology soundness. Remediate model issues from internal validation, internal audit as well as external regulators. Investigate issues raised by model users on adhoc basis and develop remediation solutions. Develop and implement performance monitoring framework for VaR models, including backtesting, assessment for model assumption/limitation, benchmarking model, etc. Conduct model performance monitoring on a regular basis. Summarize the monitoring results into documentations and present results in Model Monitoring Working Group. Work with local market risk and front office to coordinate and resolve model related issues. Interact with market data team to ensure the accuracy and completeness of the market data used to support the various models. Market data is a key underlying component for all key risk models, and is accordingly a critical area of focus BAU risk management. The work related to market data will involve a significant amount of effort and change in order to comply with the Regulatory expectations. Interact with model users and senior management regarding methodology analysis for market risk. Provide comprehensive explanation of the model results to the risk managers and senior management. What do you need to succeed? Must-have 2+ years of working experience in quantitative analytics Master’s in Financial, Engineering, Statistics/Mathematics/Physics or equivalent. PhD in Finance, Engineering, Applied Sciences or Economics is a plus Good knowledge of regulatory requirements under statistical regression models, market risk models and regulatory rules. Broad product knowledge across fixed income, equity and derivative instruments Be familiar with securitized product prepayment and default model, interest rate model and pricing model for securitized product Be familiar with U.S. securitized product origination process and secondar trading market, particularly for Agency MBS, MBS Whole Loan, Mortgage Servicing Right, etc. Above average oral and written presentation skills Excellent communication and interpersonal skills – ability to present clearly complicated modelling concepts and techniques to senior management and regulators Strong programming experience in Python/C++/C# and SQL Team players to collaborate and innovate Self-motivated with a high level of analytical capabilities and attention to detail Eager to learn Nice-to-have Experience in a similar role 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 include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off. 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. Opportunities to do challenging work. Opportunities to build close relationships with clients. Job Skills Client Counseling, Competitive Markets, Critical Thinking, Financial Instruments, Financial Regulation, Investment Risk Management, Long Term Planning, Quantitative Methods, Risk 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: 2026-02-22 Application Deadline: 2026-03-08 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. 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. Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 84,000+ employees who bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to more than 16 million clients in Canada, the U.S. and 34 other countries. Learn more at rbc.com.‎ We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact.

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Responsibilities

The Associate Director will be responsible for developing quantitative risk models for Value at Risk (VaR) and stress testing across various product types, including implementation, documentation, and performance monitoring of these methodologies. Key duties also involve remediating model issues, conducting regular performance monitoring, and interacting with market risk teams and senior management to explain model results.