Job Description What is the opportunity? The Data Scientist will design, implement and deliver algorithmic, model-driven, statistical or machine learning solutions in consultation with business stakeholders. You will work with stakeholders to understand the data and systems in place, and to identify opportunities to apply predictive & prescriptive analytics. This role will act as an expert consultant in big data and modelling for RBC Insurance Product and Pricing Research & Development team. What will you do? •Support the development and implementation of longevity, mortality and morbidity risk models •Apply data science methodologies including descriptive, predictive, machine learning and AI techniques from design to implementation •Participate in the review, enhancement and maintenance of existing predictive risk models in the life insurance context •Apply a variety of statistical tests and modelling techniques to identify and recommend improvements to models and undertake related initiatives. Ensure extensive testing of model sensitivity that help with assessing model behavior and risk •Explore and characterize in-house data as well identify suitable external or population data sources relevant to understanding and predicting mortality and morbidity experience •Provide effective recommendations based on actionable insights – delivered in a way that is understandable by the business What do you need to succeed? Must-have •Bachelor’s degree in data science, Statistics, Actuarial Science, Computer Science, Mathematics, or a similar program •4 to 6 years of relevant experience •Proficiency in Python (Pandas, NumPy, Matplotlib, SciPy) and R •Solid knowledge of generalized linear models, clustering, random forests, other machine-learning techniques, and data analysis •Proven record of strong analytical, modeling, and creative problem-solving skills •Excellent written, oral, and presentation skills to be able to liaise with stakeholders Nice-to-have •Masters/PHD in Mathematics, Statistics or a similar program •Research experience in fields related to mortality modelling/forecasting, epidemiology, biostatistics •Previous experience in insurance or financial industry •Superior data manipulation skills •Experience with SQL, MS Access, and Microsoft Power BI What's in it for you? • A Total Rewards program that includes flexible benefits, work/life balance and career development programs and investment and retirement savings plans • Competitive pay and high-earning potential • All the tools, training, and team support you need to grow your career • Flexible work/life balance options • RBCI software tools to boost your productivity RBC is an organization that succeeds by bringing out the best in its people. You’ll be part of a supportive, inclusive team that shares common values – including a fundamental respect for each other. At the heart of this is a commitment to diversity. RBC respects and responds to the many competing and evolving priorities in our lives – so you can focus on what you can do best – putting clients first. Job Skills Actuarial Modeling, Big Data Management, Commercial Acumen, Data Mining, Data Science, Decision Making, Machine Learning, Natural Language Processing (NLP), Predictive Analytics, Python (Programming Language) Additional Job Details Address: MEADOWVALE BUSINESS PARK, 6880 FINANCIAL DR:MISSISSAUGA City: Mississauga Country: Canada Work hours/week: 37.5 Employment Type: Full time Platform: INSURANCE Job Type: Regular Pay Type: Salaried Posted Date: 2025-10-09 Application Deadline: 2025-10-25 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 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. 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. 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 84,000+ employees who 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 more than 16 million clients in Canada, the U.S. and 34 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. See how at rbc.com/community-social-impact.
