RB
Royal Bank of CanadaTorontoInternship
2026 Fall - GRM, Global Risk Analytics Intern (4 Months)
Join RBC's Group Risk Management team as a Global Risk Analytics Intern to develop and maintain models measuring counterparty credit risk for derivatives. This 4-month fall internship in Toronto offers hands-on experience with model design, validation, and regulatory compliance.
1
Role Responsibilities
- Design, develop, and maintain mathematical models for counterparty credit risk measurement.
- Collaborate with model users to understand business requirements.
- Research regulatory requirements and industry best practices.
- Recommend model methodologies and develop technical implementations.
- Document methodologies, implementation, and testing results.
2
Additional Responsibilities
- Investigate and remediate modeling issues from reviews and validations.
- Recalibrate models regularly and reassess assumptions and limitations.
- Benchmark models against alternatives and document findings.
- Work with internal validation teams to facilitate model approvals.
3
Candidate Requirements
- Knowledge of traded products across various asset classes.
- Understanding of regulatory requirements for counterparty credit risk.
- Strong analytical, problem-solving, and programming skills (Python, MatLab).
- Data management skills including SQL and Excel.
- Ability to collaborate and adapt in a dynamic environment.
4
Educational Requirements
- Background in Financial Engineering, physics, statistics, mathematics, or mathematical finance.
- Relevant professional qualification with focus on quantitative methods or finance.