Manager, Global Fc Model Validation

2 weeks ago

Toronto, Canada Royal Bank of Canada Full time

**Job Summary**

**What is the opportunity?**

As a Manager of Global Financial Crimes Model Validation you will support daily execution within the team to ensure that RBC is maintaining the ongoing effectiveness of Financial Crimes monitoring program. You will report to the Senior Manager of Financial Crimes Model Validation as an individual contributor, and will implement and execute substantive financial crimes risk management practices relevant to models and related Frameworks. This includes the defining and scoping the validation required of new/existing models. You provide continuous close support to Global FC Validation team by implementing successful FC strategies within RBC.

**What will you do?**
- Validate Financial Crime models, including Transaction Monitoring, CRR
- Ensure model outputs comply with regulatory and business requirements.
- Proactively challenge financial crime models and methodologies.
- Detect and counteract emerging risks related to financial crimes and continuously assess RBC’s risk exposure.
- Articulate the scope and approach of enterprise-wide model validation to RBC Management, External Regulators, and Internal Audit.
- Develop clear concepts, execute plans efficiently, and deliver organized results.
- Collaborate with AML Model Validation Senior Managers and Directors to make model-related decisions.
- Communicate inherent model risks and limitations effectively.
- Develop and challenge assumptions, conceptual soundness, model performance and process and evaluate metrics during each validation and document results in validation reports.
- Contribute to research and development with risk-focused techniques.
- Demonstrate key competencies: Adaptability, Change Management, Teamwork & Collaboration, Problem Solving, and Planning.
- Establish individual goals, drive performance management, support career development, and reward strong performance.
- Collaborate cross-enterprise teams for better solutions.

**What will you need to succeed?**

**Qualifications**:

- 3+ years of related Financial Crimes experience
- Strong written and oral communication skills; business writing experience
- Strong interpersonal and analytical skills
- Knowledge of regulations related to Financial Crimes
- Bachelor’s degree in a relevant field (Finance, Data Science, etc.)

**Job Skills**

Analytical Thinking, Data Analytics, Group Problem Solving, Model Validation, Team Communication

**Additional Job Details**

**Address**:
20 KING ST W:TORONTO

**City**:
TORONTO

**Country**:
Canada

**Work hours/week**:
37.5

**Employment Type**:
Full time

**Platform**:
GROUP RISK MANAGEMENT

**Job Type**:
Regular

**Pay Type**:
Salaried

**Posted Date**:
2024-04-02

**Application Deadline**:
2024-04-24

**I**nclusion** 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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