RBC · 21 hours ago
Director - Quantitative Risk Analytics
Jersey City, NJ
Full-time
Onsite
Mid, Senior Level
$160K/yr - $260K/yr
5+ years expRBC is a leading global bank, and they are seeking a Director for their Quantitative Risk Analytics team. The role involves developing quantitative risk models for market risk management, implementing methodologies, and ensuring compliance with regulatory standards.
BankingFinancial ServicesWealth Management
Responsibilities
Develop Value-at-Risk (VaR) models for securitized products, including Agency MBS, MBS Whole Loan, ABS and CLO, Rate locks and Mortgage Service Right (MSR)
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
Qualification
Required
5+ years of working experience in quantitative analytics and people management
Master's in Financial, Engineering, Statistics/Mathematics/Physics or equivalent
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 secondary 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
Preferred
Experience in a similar role
Benefits
401(k) program with company-matching contributions
Health, dental, vision, life, disability insurance
Paid-time off
Company
RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance.
10001+ employees
H1B Sponsorship
RBC has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (29)
2024 (17)
2023 (3)
2022 (4)
2021 (1)
2020 (2)
Funding
Current Stage
Public CompanyTotal Funding
$16.3B2025-10-30Post Ipo Debt· $5B
2025-09-15Post Ipo Debt· $1.35B
2025-07-10Post Ipo Debt· $177.74M
Leadership Team
Graeme Hepworth
Chief Risk Officer
Kelly Bradley
Chief Human Resources Officer
Recent News
2026-01-22
Qatar Tribune
2026-01-21
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