Associate Director Valuations Methodology

Royal Bank of Canada View all jobs

  • Toronto, ON
  • Permanent
  • Full-time
  • 7 days ago
Job DescriptionWhat is the opportunity?RBC is currently searching for a highly technical derivative specialist (primarily interest rates) to join their Valuations Team in Toronto reporting to Director. The role is newly created role specifically around model risk management work within Valuations Team. Valuations is part of the Product Control Team.The incumbent’s main responsibilities will revolve around Model Risk Management work (~75%). And they will also be required to assume some responsibilities within BAU processes such as calculation of IPV, VA and Fair Value Disclosures.Regulatory pressures around model risk management processes have necessitated increased responsibilities for the Valuation Team including documentation of existing processes and methodologies and submitting them as ‘models’ to Enterprise Model Risk Management Team.What will you do?
  • Work alongside Valuations Team, reporting to Director in Valuations Methodology
  • Initially focus on structured rates products and understand the existing processes.
  • Run the existing processes (for IPV and Valuation Adjustment Calculation) to better understand the model / excel / python interactions and then document existing processes using prescribed templates from model vetting team (Enterprise Model Risk Management Team).
  • Existing processes can be either excel or python based.
  • You may be asked to transform Excel workflows into Python.
  • Carry out model limitations monitoring processes.
  • Play active role in addressing model imitations / model performance tracking workflow. Document and enhance the process, initially for Structured Rates, but eventually this needs to be rolled out to all asset classes.
  • Develop model performance tracking metrics for model management
  • Design and develop testing for newly IPV valuations models created models
  • Face Enterprise Model Risk Management Team on their questions and queries.
  • Track and monitor model management tasks for senior management KPI / KRI. Provide regular update for existing and new models.
What do you need to succeed?Must-have
  • Experience and good working knowledge of derivative modelling mainly in interest rates
  • Experience in model management life cycle.
  • Excellent written documentation and communication skills
  • Programming experience in Python. Able to use various off the shelf or in house developed libraries.
  • Excellent attention to detail and code review skills. You will need to be able to read the code and document it accordingly.
  • Some experience in dealing with model risk management process, either as a validator or model submitter.
  • Experience in dealing with IPV / VA related models.
  • Experience in calculating IPV and VAs for Structured Rates and one other asset class.
  • Experience in directly junior members of the team.
  • Excellent academic credentials with a Masters or PhD in a quantitative field such as Quantitative Finance, Physics, Mathematics, Engineering.
  • ~5-7 years of experience in Valuations, Model Risk, Market Risk, Trading or Quants world
Nice-to-have
  • Proficiency in Python Programming
  • Experience in using and manipulating quants pricing libraries.
  • Delivering high profile projects with tight deadlines.
What is 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, flexible benefits and competitive compensation
  • Leaders who support your development through coaching and managing opportunities
  • Opportunities to work with the best in the field
  • Ability to make a difference and lasting impact
  • Work in a dynamic, collaborative, progressive, and high-performing team
  • A world-class training program in financial services
  • Flexible working options fully supported.
Job Skills Commercial Acumen, Financial Regulation, Financial Services Applications, Financial Statement Analysis, Information Capture, Investment Banking Analysis, Investment Reporting, Investments Analysis, Management Process, Mergers and Acquisitions (M&A), Model RiskAdditional Job DetailsAddress: ROYAL BANK PLAZA, 200 BAY ST:TORONTOCity: TorontoCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: OFFICE OF THE CFOJob Type: RegularPay Type: SalariedPosted Date: 2026-03-02Application Deadline: 2026-04-30Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveOur Employment OpportunitiesAt 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 CommunityStay 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 .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