At a Glance
- Tasks: Lead audits on model risk management and evaluate governance and controls.
- Company: Join RBC, a leading bank committed to diversity and innovation.
- Benefits: Enjoy competitive pay, bonuses, flexible benefits, and professional development.
- Other info: Collaborative environment with opportunities for growth and learning.
- Why this job: Make an impact in risk management while working with top professionals.
- Qualifications: Experience in model risk, regulatory compliance, and strong analytical skills.
The predicted salary is between 82800 - 101200 $ per year.
What is the opportunity?
Develop and execute a risk-based audit plan for US Model Risk Management. Through in-depth understanding of the business including changes to the US regulatory and business environments, develop and maintain standard audit programs to provide assurance over design and operating effectiveness of Model Risk Management controls related to business processes.
Lead and execute audits covering model risk management, quantitative models, AI, and model governance across the US. Evaluate the effectiveness of governance, risk management, and internal controls supporting models used for regulatory capital, CCAR, IFRS 9/CECL, market risk, credit risk, liquidity risk, ALM, operational risk, fraud, AML, stress testing and AI/ML purposes.
Provide input on the assessment of the effectiveness of model development and model validation activities; including quality of supporting documentation, modelling methodologies, margins of conservatism, parameter choices, testing and the wide range of other modelling decisions that are made.
Contribute to effective continuous risk monitoring and continuous assurance on overall Model Risk Management controls. Continually develop working relationship with business stakeholders to become a trusted advisor.
Evidence of having validated and/or developed any of the following model types: AML, Market Risk, Credit Risk, Data Science AI/ML, Capital Risk, Treasury (Interest rate risk and/or liquidity risk), Valuation, Insurance, Stress Testing.
Risk Management or Regulatory/Compliance experience – Experience in any one of AML, CCR & Market Risk, Credit Risk, Stress Testing, Valuation and Liquidity & Funding Risk. In either 1st or 2nd line of defense.
Knowledge of legislation and regulations relating to model risk management in Canada, USA and UK.
Ability to work to meet regulatory deadlines and communicate effectively with the key stakeholders.
Self-motivated - able to work and learn independently, communicate and collaborate effectively with others at all levels in the organization.
Working knowledge in machine learning techniques, programming in Python, R.
Working knowledge of Internal Audit Services practices, policies, procedures and systems with Internal Audit experience in Banking or Capital Market.
Quantitative Degree in Finance/Mathematics/Physics/etc.
A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions and stock where applicable.
Work with and learn from our extensive global network of people, including risk management professionals, data scientists, researchers, and various subject matter experts.
Leaders who support your development through coaching and managing opportunities. Opportunities to do challenging work.
Sr. Audit Manager in Toronto employer: RBC
RBC is an exceptional employer that fosters a dynamic and inclusive work culture, where innovation thrives and employees are empowered to grow. As a Senior Director in Toronto, you will lead a talented team in developing cutting-edge AI solutions that transform the banking experience for millions, while enjoying comprehensive benefits, professional development opportunities, and a commitment to community impact. Join us to be part of a collaborative environment that values diverse perspectives and champions your success.
