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Associate Director - Model Risk Management
RBC Financial Group
New York, NY, United States
Job Details - this job has expired, please see similar jobs below
What is the opportunity?
As an Associate Director in Model Risk management, you will validate interest rate models, mortgage loan models, and/or Securitized Product models. You will also act as an effective challenger to model users/ modelers on all matters pertaining to model risk, conduct local model risk management in mortgage loan models and Securitized Product models, and facilitate compliance with RBC model risk policies and procedures with an emphasis on model risk controls pertaining to model usage.
What will you do?
• Validate interest rate models, mortgages loan models, and/or Securitized Product models.
• Conduct model risk management for interest rate models, mortgages loan models or Securitized Product models.
• Engage the risk, finance, front office, and other related function group personnel, as necessary to pro-actively identify, assess, monitor, and manage model risk.
• Oversee that, per RBC model risk policy, models are:
1. Appropriately registered and risk rated by EMRM (Enterprise Model Risk Management)
2. validated before use
3. following appropriate protocol when adjustments or other changes are made to a model, its inputs or outputs;
• As appropriate and where independence of oversight is not compromised, offer input on model design or use that would enhance the management of model risk.
What do you need to succeed?
Must-have
• Graduate university degree in a quantitative discipline such as math, physics, econometrics, statistics, or financial engineering.
• More than 3 years of working experience in quantitative analyst, preferably in interest rate product models.
• Strong verbal and written communication skills.
• Strong quantitatively-oriented knowledge of financial products and industry best practices and regulatory requirements for model risk management.
• A collaborative mind-set with strong interpersonal skills.
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
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
About RBC
Royal Bank of Canada is Canada’s largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North America’s leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis. We have over 80,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 37 other countries.
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Inclusion and Equal Opportunity Employment
RBC is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veterans status, Aboriginal/Native American status or any other legally-protected factors. Disability-related accommodations during the application process are available upon request.