Associate Director, GRA Climate Risk Modelling and Model Governance
About the role
Job Description Global Risk Analytics (GRA) is the center of expertise for models used in risk management, covering market risk, counterparty credit risk, and emerging risk. The GRA Climate Risk Modelling and Model Governance team is responsible for the conceptualization, design, implementation, and maintenance of both physical and transition climate risk modeling frameworks. These models serve as fundamental tools for quantifying and assessing climate related risks across the enterprise. The team's scope includes alignment with evolving regulatory expectations, compliance requirements, and adherence to established industry best practices and methodological standards. The team also provides governance of departmental activities and support GRA senior management in developing strategic plans, tracking progress, and compiling reports on model enhancement and development projects. GRA is seeking an individual who is an expert in climate physical and/or transition risk analysis and is passionate about applying innovative data analytics and strong programming skills to enhance our climate risk analytics capabilities. Your responsibilities will cover both Climate Risk Modelling and GRA Model Governance activities.
What will you do? Develop quantitative models and perform scenario analysis to estimate transition and physical risk of climate change (with focus on earthquake, wildfire, storm, etc.) on Bank’s corporate and retail lending portfolios. Perform data processing, statistical analysis, modeling and visualisation using Geographic information system (GIS) software. Collaborate with internal stakeholders to determine business needs, source data, integrate models into Bank’s processes, and supporting stress testing functions. Collaborate with vendors including external data providers to integrate and validate their outputs, while conducting comprehensive benchmarks using open-source hazard datasets. Build, enhance, and automate processes to facilitate ongoing monitoring and maintenance of models. Execute quarterly/monthly processes and be accountable for the timely analysis of results. Handle ad hoc request as required. Document all models and processes developed and work with the model validation team to ensure timely and successful validation. Support Model Governance and Integration processes within Global Risk Analytics to ensure it operates with high efficiency and meets requirements of Second and Third lines of defence. Support GRA senior management in developing strategic plans, tracking progress, and compiling reports on model enhancement and development projects. What do you need to succeed? Must-have 3+ years of experience in Financial Risk, Climate Science or Environmental Consulting Advanced degree (Master’s/PhD) in a quantitative, technical, or interdisciplinary discipline (e.g., Statistics, Financial Engineering, Applied Mathematics, Climate Science, Spatial Analysis, Computer Science); Experience with data science, probabilistic modelling, and ability to manipulate large amounts of data; Experience independently building quantitative models including climate hazard models; Research oriented mindset; Familiarity with Spatial Data Analysis and experience with Geographic information system (GIS) software; Proficiency in Python/R; Solid statistical and mathematical knowledge with attention to details; Strong communication skills and ability to communicate with variety of stakeholders. Nice-to-have Familiarity with climate related financial regulations; Hands-on experience with RCP (Representative Concentration Pathways), SSP (Shared Socioeconomic Pathways) scenarios, and CMIP5/6 datasets; Experience working with geographical data structures like NetCDF, Raster, Shape files; Familiarity with geographic data processing packages including Fiona, GeoPandas, Shapely, Rasterio, Xarray, and GDAL; To be a team player ready to collaborate and innovate; Understanding of the overall risk management function within a bank; Knowledge of financial products in banking and trading book. Job Skills Critical Thinking, Data Analytics, Machine Learning (ML), Python (Programming Language), Quantitative Methods, Risk Analytics, Risk Management, Teamwork 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: 2026-08-06 Application Deadline: 2026-09-11 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.
About RBC
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 94,000+ employees who leverage their imaginations and insights to 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 our more than 17 million clients in Canada, the U.S. and 27 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 www.rbc.com/community-social-impact.
http://rbc.com/legalstuff.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.
https://www.rbc.com/conditions-dutilisation/
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Associate Director, GRA Climate Risk Modelling and Model Governance
About the role
Job Description Global Risk Analytics (GRA) is the center of expertise for models used in risk management, covering market risk, counterparty credit risk, and emerging risk. The GRA Climate Risk Modelling and Model Governance team is responsible for the conceptualization, design, implementation, and maintenance of both physical and transition climate risk modeling frameworks. These models serve as fundamental tools for quantifying and assessing climate related risks across the enterprise. The team's scope includes alignment with evolving regulatory expectations, compliance requirements, and adherence to established industry best practices and methodological standards. The team also provides governance of departmental activities and support GRA senior management in developing strategic plans, tracking progress, and compiling reports on model enhancement and development projects. GRA is seeking an individual who is an expert in climate physical and/or transition risk analysis and is passionate about applying innovative data analytics and strong programming skills to enhance our climate risk analytics capabilities. Your responsibilities will cover both Climate Risk Modelling and GRA Model Governance activities.
What will you do? Develop quantitative models and perform scenario analysis to estimate transition and physical risk of climate change (with focus on earthquake, wildfire, storm, etc.) on Bank’s corporate and retail lending portfolios. Perform data processing, statistical analysis, modeling and visualisation using Geographic information system (GIS) software. Collaborate with internal stakeholders to determine business needs, source data, integrate models into Bank’s processes, and supporting stress testing functions. Collaborate with vendors including external data providers to integrate and validate their outputs, while conducting comprehensive benchmarks using open-source hazard datasets. Build, enhance, and automate processes to facilitate ongoing monitoring and maintenance of models. Execute quarterly/monthly processes and be accountable for the timely analysis of results. Handle ad hoc request as required. Document all models and processes developed and work with the model validation team to ensure timely and successful validation. Support Model Governance and Integration processes within Global Risk Analytics to ensure it operates with high efficiency and meets requirements of Second and Third lines of defence. Support GRA senior management in developing strategic plans, tracking progress, and compiling reports on model enhancement and development projects. What do you need to succeed? Must-have 3+ years of experience in Financial Risk, Climate Science or Environmental Consulting Advanced degree (Master’s/PhD) in a quantitative, technical, or interdisciplinary discipline (e.g., Statistics, Financial Engineering, Applied Mathematics, Climate Science, Spatial Analysis, Computer Science); Experience with data science, probabilistic modelling, and ability to manipulate large amounts of data; Experience independently building quantitative models including climate hazard models; Research oriented mindset; Familiarity with Spatial Data Analysis and experience with Geographic information system (GIS) software; Proficiency in Python/R; Solid statistical and mathematical knowledge with attention to details; Strong communication skills and ability to communicate with variety of stakeholders. Nice-to-have Familiarity with climate related financial regulations; Hands-on experience with RCP (Representative Concentration Pathways), SSP (Shared Socioeconomic Pathways) scenarios, and CMIP5/6 datasets; Experience working with geographical data structures like NetCDF, Raster, Shape files; Familiarity with geographic data processing packages including Fiona, GeoPandas, Shapely, Rasterio, Xarray, and GDAL; To be a team player ready to collaborate and innovate; Understanding of the overall risk management function within a bank; Knowledge of financial products in banking and trading book. Job Skills Critical Thinking, Data Analytics, Machine Learning (ML), Python (Programming Language), Quantitative Methods, Risk Analytics, Risk Management, Teamwork 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: 2026-08-06 Application Deadline: 2026-09-11 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.
About RBC
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 94,000+ employees who leverage their imaginations and insights to 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 our more than 17 million clients in Canada, the U.S. and 27 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 www.rbc.com/community-social-impact.
http://rbc.com/legalstuff.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.
https://www.rbc.com/conditions-dutilisation/