.. rewarding, and ever-changing area of the law; An inclusive culture that values diverse perspectives and equitable opportunities; Competitive compensation and benefits package; Working with highly skilled support staff; and Flexible work arrangements. Our Halifax office is looking to add to our exceptional .. read more
Job Summary Participates 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 Description What is the opportunity? RBC is a global leader in applying Artificial Intelligence (AI) in the banking sector in order to create value for our clients, with capabilities ranging from LLM-powered digital banking, boosting ensembles in fraud detection and AML, voice assistants in customer service, to algorithmic trading in capital markets. A failure to effectively prepare for and manage emerging model risk related to AI would subject RBC to financial, regulatory, and reputational risks and, as a result, RBC would not be able to provide its clients with the best quality service. Therefore, the AI validation team within RBC’s Enterprise Model Risk Management (RBC Group Risk Management) is tasked with overseeing, assessing, and managing the model risk that may arise from these AI capabilities. The AI validation team uses machine learning, statistical, and computational strategies to assess model risk. In doing so, RBC is able to identify model weaknesses early and enhance the reliability of production models across all lines of business. What will you do? Application : You will have the opportunity to work in any of the many areas we work in, across an even wider variety of business functions, such as the following: Types of Models Classification, regression, anomaly detection, natural language processing, computer vision, reinforcement learning, recommendation systems, dimensionality reduction, Large Language Models including generative AI Business Functions Internal Audit, Cybersecurity, Fraud Management, Anti-Money Laundering, Insurance, Credit Risk, Technology Operations, Identity & Access Management, Human Resources Validation : Your role is to challenge models and identify risks associated with their use – both conceptually and empirically. To that end, you will design and execute validation frameworks, exploring modelling considerations such as conceptual soundness, data processing, metric reproducibility & stability, benchmarking, robustness, uncertainty quantification, fairness, privacy, explainability, implementation controls and more. You will also have the freedom to explore ideas that interest you and build your own models and tools. Research & Development : You will read research papers (established work and state-of-the-art) to enhance how our team validates models and contribute to our knowledge pool. You are encouraged to apply what you’ve learned to real-world problems, develop reusable software packages, and share your insights with others. IT : You will collaborate with cross-functional stakeholders to establish and promote best-practices related to MLOps, tooling and IT infrastructure. Governance : You will work with model developers (data scientists, researchers, engineers) and business stakeholders to inventory applications of AI and machine learning at the bank, determine their materiality, and assess whether they require review. What do you need to succeed? Must-have Passionate about learning and staying up-to-date with research and technology Strong communication and interpersonal skills Progress towards a PhD or Master’s degree in Statistics, Computer Science, Applied Mathematics, Econometrics, Engineering, Quantitative Finance, or a related quantitative field Proficient programming skills in Python or a similar language; you should already be comfortable with writing research experiments and be willing to learn how to write clean code. Familiarity with popular machine learning frameworks and libraries Nice-to-have A risk-oriented mindset: You are curious about the “how” as well as the “why" Publication or prior research experience (applied or fundamental) Experience with version control systems Comfortable with command line tools What’s in it for you? As a team, we thrive on the challenge to be our best, encourage progressive thinking for continued growth, and collaborate with one another to deliver trusted advice to help our clients thrive and our communities prosper. We respect and care about all of our team members and support one another in reaching our fullest potential. We work together to make a difference in our communities and to achieve success that is mutual. This opportunity will provide you with: Leaders who support your development through coaching and managing opportunities Flexibility to work on projects that you are passionate about Ability to make a difference and lasting impact Work in a dynamic, collaborative, progressive, and high-performing team Opportunities to do challenging work and make a difference Opportunities to build close relationships Please note: This posting is for a 4-months Winter 2025 Student placement with a start date of January 2025, and end date of April 2025. 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 April 2025 ; or If you are not returning back to school (i.e. are graduating in April 2025), 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 September 29, 2025. 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 arrangements for this Integrated Learning/ Co-op position are to be discussed with the Hiring Manager. ET25 Job Skills Communication, Computer Literacy, Detail-Oriented, Interpersonal Relationships, Listening Effectively, Personal Development, Personal Initiative 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: Student/Coop (Fixed Term) Pay Type: Salaried Posted Date: 2024-09-13 Application Deadline: 2024-09-29 I nclusion and Equal Opportunity Employment At 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 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 .