GRM, Analyst Intern

Job SummaryParticipates in and supports the operational activities of a business unit. Applies experience and complete working knowledge of the job and policies/practices to perform a combination of routine tasks and varied administrative/operational assignments.Job DescriptionWhat is the opportunity?Enterprise Model Risk Management is looking for an intern to help out with limited scope validations of pricing and risk models for interest rate derivative products.What will you do?Review model submissions and provide feedbacks to reporting managerHelp with testing new and existing pricing and risk modelsWrite limited scope validation reportsImprove the existing validation workflowsWhat do you need to succeed?Must-haveGood communication and interpersonal skillsBasic knowledge of interest rate products such as swaps/basis swaps and European caps/floors/swaptions etc.Bachelors degree or close to graduating in a discipline such as actuarial science, finance, mathematics, computer science, physics, or other quantitative sciencesDecent knowledge and ability to use Python programming languageFamiliarity with Excel and WordNice-to-haveBasic knowledge and ability to use C++ programming languageCFA or FRM designationWhats 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.Leaders who support your development through coaching and managing opportunitiesAbility to make a difference and lasting impactWork in a dynamic, collaborative, progressive, and high-performing teamOpportunities to do challenging work and make a differenceOpportunities to building close relationshipsPlease note:This posting is for a 4-months Fall 2024 Student placement with a start date of September 2024, and end date of December 2024. In order to be eligible for this 4-months Student position, you must either:Be returning back to school after the work term end-date of December 2024 ; orIf you are not returning back to school (i.e. are graduating in December 2024), you must require the full 4-months work term as a mandatory component to in order to graduate successfully.Please ensure that you meet these eligibility requirements before applying- candidates who apply but are found to be ineligible are not able to be considered.We encourage you to apply as soon as possible as we accept applications on a rolling basis, but please note that the formal application deadline is May 31, 2024. Should you be selected to progress, someone from our team will reach out directly to provide instructions on next steps. Otherwise, feel free to check for progress updates by logging in to your RBC profile. If the status has not changed, it denotes the fact that your application is still under review.RBC is committed to supporting flexible work arrangements when and where available. The successful candidate for this role will be required to be located within Ontario for the duration of the work term. Details regarding the specific virtual, hybrid, and in-office arrangementsfor this Integrated Learning/ Co-op position are to be discussed with the Hiring Manager.EVP3P1 ET24Job SkillsCommunication, Computer Literacy, Detail-Oriented, Interpersonal Relationships, Listening Effectively, Personal Development, Taking InitiativeAdditional Job DetailsAddress:ROYAL BANK PLAZA, 200 BAY ST:TORONTOCity:TORONTOCountry:CanadaWork hours/week:37.5Employment Type:Full timePlatform:Job Type:Student/Coop (Fixed Term)Pay Type:SalariedPosted Date:2024-02-26Application Deadline:2024-05-31Inclusion and Equal Opportunity EmploymentAt RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.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 jobs.rbc.com.