Senior Manager

1 month ago


TORONTO, Canada Royal Bank of Canada Full time

Job Summary

Job Description

What is the opportunity?

RBC Internal Audit Services is hiring a Senior Manager within Model Risk Audit Team. You will provide an independent and objective assessment of the effectiveness of Model Risk practices within the first and second line of defence across RBC.  This includes assessing the effectiveness of internal controls throughout the model lifecycle; identification, development, documentation, validation, implementation, and performance monitoring & use.  You will also contribute to the assessment of the effectiveness of model risk management practices with focus on AML, Credit Risk, Artificial Intelligence & Machine Learning (AI/ML), Stress Testing, Valuation, Market Risk, Liquidity Risk and Counterparty Credit Risk models.

The RBC CAE Group leverages a unique perspectiveâ with a coordinated view across the entire businessâto deliver valuable advice that not only gives assurance, but that illuminates a bigger picture, connects dots, builds best practices and broadens possibilities. We connect intelligence to protect and enable RBC.

What will you do?

  • Contribute to the development of a risk-based multi-year approach to the audit of Model Risk Management within RBC.
  • Through in-depth understanding of the business including changes to the regulatory and business environments, develop model audit programs to ensure effective control solutions are implemented.
  • Contribute to effective continuous risk monitoring and continuous assurance on overall Model Risk Management controls.
  • 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.
  • Plan and execute technical audit engagements related to a broad range of models including those used in AML, capital markets, market risk, credit risk, regulatory capital, IFRS 9/CECL, CCAR, stress testing, AI/ML, finance, insurance and treasury
  • Continually develop working relationship with business stakeholders to become a trusted advisor.

What do you need to succeed?

 Must-Haves: 

  • 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 â 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 defence.
  • Knowledge of legislation and regulations relating to model risk management in Canada, USA and UK.
  • Ability to work under pressure 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.

 Nice to have:

  • 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.

Whatâs 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, 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.

Job Skills

Adaptability, Auditing (Inactive), Commercial Acumen, Communication, Detail-Oriented, Internal Controls, Interpersonal Relationship Management, Long Term Planning, Results-Oriented

Additional Job Details

Address:

20 KING ST W:TORONTO

City:

TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

Internal Audit

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2024-04-12

Application Deadline:

2024-04-26

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.
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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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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.


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