Job Description
What is the opportunity?
Credit Models and Methodology team is responsible for developing and maintaining models in compliant with various (regulatory) programs, including IFRS 9, CECL, CCAR, Basel AIRB, EWST. These models are used to predict the bank’s credit losses to help bank keep a reserve, or allowance so that bank can continue to operate with incurred credit losses. This includes support work related to models and advanced applications with a focus on credit risk.
What will you do?
- Leverages mathematical, programming, credit risk and data science knowledge to perform quantitative data analysis and adapt existing model solutions to new applications and maintain existing models.
- Builds robust tools to assist in model development / maintenance process.
- Develops an understanding of stakeholder requirements and proposes, and defines, and implements solutions associated with these needs.
What do you need to succeed?
Must-have
- Currently enrolled at a Canadian post-secondary institution with a focus on Mathematics, Statistic, Finance or related programs
- Solid experience with programming in Python and/or SAS.
- Understanding of statistics/mathematics, economics, finance.
- Excellent conceptual, analytical and problem-solving skills focusing on data, model development and process improvement.
- Excellent written and verbal communication skills for presenting deliverable results and coordinating across teams.
- Self-initiated & self-starter with a strong work ethic.
- Functional teamwork, collaboration, and co-operation is required.
Nice-to-have
- Previous experience with credit risk area
Please note: This posting is for a 4-months Fall 2026 Student placement with a start date of September 2026, and end date of December 2026. 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 2026 ; or
- If you are not returning back to school (i.e. are graduating in December 2026), 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 17, 2026. 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.
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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.
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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.
RBC Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about RBC and has not been reviewed or approved by RBC.
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Healthcare Strength — Healthcare coverage is positioned as robust, including medical, dental, vision, life insurance, and disability coverage, with day-one eligibility in some U.S. roles. Mental-health support and virtual care offerings are also emphasized as meaningful parts of the package.
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Retirement Support — Retirement and savings support is described as a structured part of total rewards, including 401(k) matching in the U.S. and enhanced defined-contribution pension contributions in Canada. Additional savings vehicles and employer contributions are presented as adding material value beyond base salary.
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Parental & Family Support — Family-oriented benefits are highlighted through paid parental/caregiver leave in certain U.S. roles and expanded support for fertility, surrogacy, and adoption in Canada. Backup care and related family supports are also presented as strengthening overall benefits attractiveness.
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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 88,000+ 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 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.
