Address
Form of workJob Summary
Job Description
What is the opportunity?
The Senior Manager, Model Validation uses their experience and analytic capabilities to validate the Financial Crime models and ensure compliance with regulatory expectations, industry trends, internal policies and procedures.
What will you do?
- Conduct Model Validation for Financial Crime models – Transaction Monitoring, Client Risk Rating and Sanction Screening and ensure model output is as per the regulatory and business requirements.
- Design detailed validation plans and perform quantitative, conceptual and technical assessment of models; Discuss and effectively communicate validation observations and findings with the model owners and developers and prepare validation reports.
- Comply with internal policies, standards and regulatory requirements, where applicable. Provide active and direct support to remediate audit and regulatory issues and respond to senior management and regulatory requests.
- Coach Financial Crimes Model Validation program team members to ensure that effective challenge is provided in accordance with Enterprise Risk Management policy and regulatory requirements.
- Undertake research and development of existing and emerging modeling techniques.
- Collaborate with Enterprise Model Risk Management on validation themes; keep abreast of industry and regulatory developments and evolving expectations.
What do you need to succeed?
Must-have
- 5+ years of industry experience in model development or validation
- SAS, Python, R programming experience
- In depth knowledge of a variety of banking products and services across personal, commercial and capital markets
- Ability to drive impact and influence through effective communication and collaborative, non-authoritative, partnerships.
Nice-to-have
- Master's Degree in quantitative disciplines or finance
- Strong quantitative and statistical skills
- Certified Anti-Money Laundering Specialist (CAMS) designation or other related Certifications
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
Anti-Money Laundering (AML), Business Perspective, Communication, Decision Making, Financial Regulation, Interpersonal Relationship Management, Operational Integrity, Organizational Governance, Process Management, Strategic ThinkingAdditional Job Details
Address:
City:
Country:
Work hours/week:
Employment Type:
Platform:
Job Type:
Pay Type:
Posted Date:
Application Deadline:
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.
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.
