This is a climate change analytics intern position in Global Risk Analytics.
What is the opportunity?
Global Risk Analytics (GRA) group is the center of expertise for risk analytics in market, counterparty credit and climate risks. It develops, implements, and maintains risk analytics to support business growth in RBC. It also interacts with policy makers and regulators such as OSFI in Canada, Fed in US, and PRA in UK to ensure regulatory compliance.
A summer intern at GRA, with a dedicated focus on climate analytics, plays a pivotal role in advancing the RBC's commitment to climate sustainability and its contribution to RBC's broader climate strategy. The primary objective of this intern is to analyze policy maker’s (e.g., OSFI) recent initiatives, such as B-15 and standardized climate scenario exercise (SCSE), and to enhance internal climate analytics capabilities. Climate analytics are crucial in quantifying the impact of climate change on financial portfolios and bank’s business strategy for the future.
This role will support to build climate analytics capabilities for transition and physical risks, including but not limited to
- Understand industry-accepted climate scenarios, such as those from NGFS and IPCC.
- Leverage SCSE outcome to understand policy implications from climate risk and to benchmark against internal climate models.
- Enhance climate scenario analysis internal modelling capability, potentially using advanced technologies such as machine learning.
- Communicate with stakeholders on insights.
GRA is seeking an individual who is interested in applying climate change knowledge to empower our climate risk analytics capability. The intern student will be involved in researching climate policy impact and developing tools for climate risk related analytics. The candidate will learn data analytics with applications in climate risk.
What will you do?
- Understand climate scenarios from NGFS and IPCC
- Leverage policy maker’s results to enhance internal climate capabilities, including adding the Net Zero scenario.
- Assist to design and implement tools for climate risk related applications.
- Make presentation to senior people in risk.
What do you need to succeed?
Must-have
- Strong understanding of climate change to society and industries.
- Knowledge about data analytics including programming.
- Ability to communicate technical matters in written and oral forms with different stakeholders.
- Team players to collaborate and innovate.
Nice-to-have
- Interest in learning about emerging risk and techniques to assess climate risk impact.
- Understand of the big picture regarding how risk function works in banks.
- Knowledge of financial products in trading book and banking book.
What’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 opportunities
- 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 building close relationships.
Please note: This posting is for a 4-months Summer 2025 Student placement with a start date of May 2025, and end date of August 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 August 2025 ; or
- If you are not returning back to school (i.e. are graduating in August 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 Jan 19, 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.
ET24
Derivatives, Financial Instruments, Risk Analytics, Risk Measurement
Additional Job Details
ROYAL BANK PLAZA, 200 BAY ST:TORONTO
TORONTO
Canada
37.5
Full time
GROUP RISK MANAGEMENT
Student/Coop (Fixed Term)
Salaried
2024-12-13
2025-01-19
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Inclusion 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.
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