What is the opportunity?
RBC is a global leader in applying Artificial Intelligence (AI) in various aspects of banking in order to creat value for our clients; from advice center chatbots and intlligent mobile app features in personal banking to AI- powered algorithmic trading agents in capital markets. A failure to effectively prepare for and manage emerging model risk related to AI would subject RBC to unwarranted potential financial, regulatory, and reputational risks.
The Enterprise Model Risk Management (EMRM)- AI model validation team within the RBC Group Risk Management is mandated with quantification and management of the potential model risk arising from deploying AI powered techologies across the bank.Reporting to the Senior Director, AI Model Risk group, the incumbent will be working closely with the senior AI-scientists, engineers and risk managers to further develop the bank's model risk framework for testing and monitoring of intelligent AIgo trading systems. The role will provide a unique opportunity to work closely with the AI scientists and model risk managers in RBC and get exposure to cutting edge techniques employed in electronic trading risk management of AI-Algo systems.
Please note: by applying to this requisition, you will be considered for the following roles:AI/Algorithmic Trading Model ValidationAI/Finance Model ValidationWhat will you do?The role requires you to be innovative and a fast learner capable of thinking outside the box in order to research, prototype and automate wide variety of tests, analytic modules, and a monitoring tool used to assess the performance of trading algorithms. You will research novel machine learning & statistical methodologies across various disciplines (such as control theory, robotics, etc.) and build prototype applications in Algo trading space Establish scalable, efficient, automated tools and processes for large scale data analyses, neural networks, model validation, and model monitoringWhat do you need to succeed?Must-haveProgress towards a PhD or M.Sc. degree in Computer Science, Electrical Engineering, Applied Mathematics, Physics, Quantitative Finance, Statistics Advanced skills (either via course work or research activity) in mathematical optimization, scientific computing, stochastic control theory, statistical learningAbility to apply critical thinking and scientific rigor in order to deal with ambiguity and open ended questionsProficient programming skills in R and SQLAdvanced Python coding skills: hands on experience with machine/deep learning development platforms such as Scikit Learn, SciPy, Tensorflow, PyTorch, Keras, OpenAI Gym etc.Comfortable with command line tools in a Linux or Windows environment e.g. Linux (bash, Powershell, ssh, etc)Nice-to-haveFamiliarity with basics of quantitative finance and algorithmic trading strategiesExperience with version control using GitExposure to the Big Data ecosystem (Spark, Hadoop)Familiarity with basics of quantitative financeWhat's 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 relationshipsAbout RBC
Royal Bank of Canada is Canada's largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North America's leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis. We have over 80,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 37 other countries. For more information, please visit rbc.com .Join our Talent Community
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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.com/careers . Inclusion and Equal Opportunity Employment
RBC is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veterans status, Aboriginal/Native American status or any other legally-protected factors. Disability-related accommodations during the application process are available upon request.JOB SUMMARYCity
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Student JobJob Posting End Date
: 11/08/2020Req ID
Banking, Finance and Insurance