Senior Analyst - Model Risk Governance

The Senior Analyst, Model Risk Governance (MRG) is responsible for managing day-to-day operational and tactical aspects of multiple projects in support of the Enterprise Model Risk Management group, including model validation governance and regulatory project support. The Senior Analyst coordinates Model Risk Management review activities to ensure project and risk objectives are accomplished within approved timeframes and to Model Risk policy and standards.

What is the opportunity?

As part of the Group Risk Management (GRM) team, the Senior Analyst, Model Risk Governance (MRG) will be responsible for managing day-to-day operational and tactical aspects of multiple projects in support of the Enterprise Model Risk Management group, including model validation governance and regulatory project support. The Senior Analyst coordinates Model Risk Management review activities to ensure project and risk objectives are accomplished within approved timeframes and to Model Risk policy and standards.

As a member of a dynamic, fast paced team, the Senior Analyst, MRG is expected to pursue excellence in the delivery of work, demonstrate strong written and verbal communication skills, a strong work ethic and a demonstrated capability to multi-task effectively. This role requires strong interpersonal, organizational and problem-solving skills as well as a demonstrated sense of urgency to respond to time sensitive priorities. This is complemented by a positive attitude and a willingness to take accountability for results achieved.

What will you do?

• Assist the team in managing the group's model validation pipeline; focusing on proactive management of business priorities, compliance dates, and regulatory requirements.
• Manage the centralized model inventory for RBC Enterprise-wide models across business segments, ensuring it is up to date and model information is accurate and complete (Capital Markets, Personal & Consumer Banking, Insurance, Treasury & Investor Services, Corporate Support, and Anti-Money Laundering).
• Review model information, remap the model characteristics and relationships as directed by changing business needs.
• Articulate RBC Model Risk Policy and Model Operating Standards to business units, and identify areas where the practice is not meeting the policy.
• Learn how models are used to support RBC Enterprise-wide banking and trading business needs.
• Build inter-personal relationships across Model Risk management related stakeholders

What do you need to succeed?

Must-have

• Hold a university degree (preferably in a financial and/or related discipline)
• 3+ years' professional experience
• Ability to execute with urgency while maintaining quality and efficiency; flexibility to adapt to shifting priorities and urgent deadlines
• Outstanding analytical and organizational skills with an attention to detail; tenacity to identify the root cause of problems is essential and capability to function with a high degree of autonomy, but effectively seek guidance when issues are of relative criticality, strategic importance or have an enterprise impact
• Strong verbal and written communication skills and proven interpersonal skills and Expert MS Word, Excel and PowerPoint user

Nice-to-have

• Strong knowledge of Model risk guidelines; the Federal Reserve 11-7 and OSFI's E-23
• FRM or PRM certification

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.

• A comprehensive Total Rewards Program including bonuses and flexible benefits and competitive compensation
• Leaders who support your development through coaching and managing opportunities
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work

Job Skills

Accountability, Auditing (Inactive), Audits Compliance, Data Gathering Analysis, Detail-Oriented, Ethical Business, Problem Solving, Process Management, Quality Management, Time Management

Additional Job Details

ROYAL BANK PLAZA, 200 BAY ST:TORONTOTORONTOCanada37.5Full timeGROUP RISK MANAGEMENTRegularSalaried2024-02-152024-03-03