Financial Crimes Model Validation Manager
4 weeks ago
Position Overview
Role Summary
What is the opportunity?
As a Manager of Global Financial Crimes Model Validation, you will play a crucial role in supporting the daily operations of the team to ensure that the Royal Bank of Canada (RBC) effectively maintains its Financial Crimes monitoring program. Reporting directly to the Senior Manager of AML Model Validation, you will be responsible for implementing and executing robust financial crimes risk management practices pertinent to models and associated frameworks. This includes defining and scoping the validation requirements for both new and existing models. You will provide ongoing support to the Global Financial Crimes Validation team by executing successful financial crime strategies within RBC.
Key Responsibilities:
- Validate models related to Financial Crimes, including Transaction Monitoring, Client Risk Rating, and Sanction Screening.
- Ensure that model outputs align with regulatory standards and business needs.
- Proactively evaluate and challenge financial crime models and methodologies.
- Identify and mitigate emerging risks associated with financial crimes while continuously assessing RBC's risk exposure.
- Clearly articulate the scope and methodology 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 Senior Managers and Directors in AML Model Validation to make informed model-related decisions.
- Effectively communicate inherent model risks and limitations.
- Develop and scrutinize assumptions, conceptual soundness, model performance, and processes, and evaluate metrics during each validation, documenting results in validation reports.
- Contribute to research and development initiatives utilizing risk-focused techniques.
Qualifications:
- Minimum of 3 years of relevant experience in Financial Crimes.
- Exceptional written and verbal communication skills; experience in business writing.
- Strong analytical and interpersonal skills.
- Proficient in Microsoft Office Suite and other data analysis tools (SAS, Python, R, SQL).
- Familiarity with regulations governing Financial Crimes.
- Bachelor's degree in a relevant discipline (Finance, Data Science, etc.).
What’s in it for you?
At RBC, we are committed to fostering an environment that encourages growth, collaboration, and the delivery of trusted advice to help our clients thrive and communities prosper. We value each other, strive to reach our potential, and aim to make a meaningful impact on our communities while achieving mutual success.
- A comprehensive Total Rewards Program that includes bonuses and flexible benefits.
- Supportive leadership focused on your development through coaching and management opportunities.
- Challenging work that promotes professional growth.
- Opportunities to take on progressively greater responsibilities.
- A dynamic, collaborative, and high-performing team environment.
- The chance to make a significant and lasting impact.
Essential Skills:
Anti-Money Laundering (AML), Communication, Data Analysis, Detail Orientation, Financial Regulation, Fraud Risk Management, Collaborative Problem Solving, Internal Controls, Operational Integrity, Process Management.
-
Financial Crimes Model Validation Manager
4 weeks ago
Toronto, Ontario, Canada Royal Bank of Canada> Full timePosition OverviewRole SummaryWhat is the opportunity?As a Manager of Global Financial Crimes Model Validation, you will play a crucial role in ensuring the effectiveness of the Financial Crimes monitoring program at RBC. Reporting directly to the Senior Manager of AML Model Validation, you will be responsible for implementing and executing robust financial...
-
Financial Crimes Model Validation Manager
4 weeks ago
Toronto, Ontario, Canada Royal Bank of Canada> Full timePosition OverviewRole SummaryWhat is the opportunity?As a Manager in the Global Financial Crimes Model Validation division, you will play a crucial role in overseeing the daily operations of the team, ensuring that the Royal Bank of Canada maintains the effectiveness of its Financial Crimes monitoring initiatives. Reporting directly to the Senior Manager of...
-
Toronto, Ontario, Canada Royal Bank of Canada> Full timeJob SummaryJob DescriptionWhat is the Opportunity?The Royal Bank of Canada is seeking a highly skilled Manager of Global Financial Crimes Model Validation to join our team. As a key member of our Global Financial Crimes team, you will play a critical role in ensuring the ongoing effectiveness of our Financial Crimes monitoring program. You will report to the...
-
Toronto, Ontario, Canada Royal Bank of Canada> Full timeJob SummaryJob DescriptionWhat is the Opportunity?The Royal Bank of Canada is seeking a highly skilled Manager of Global Financial Crimes Model Validation to join our team. As a key member of our Global Financial Crimes team, you will play a critical role in ensuring the ongoing effectiveness of our Financial Crimes monitoring program. You will report to the...
-
Senior Manager
22 hours ago
Toronto, Ontario, Canada Royal Bank of Canada Full timeJob SummaryAs a Senior Manager of Model Validation, you will play a critical role in ensuring the accuracy and reliability of our Financial Crime models. Your expertise will be instrumental in validating these models to ensure compliance with regulatory expectations, industry trends, and internal policies.Key ResponsibilitiesConduct thorough model validation...
-
Senior Manager
24 hours ago
Toronto, Ontario, Canada Royal Bank of Canada Full timeJob SummaryAs a Senior Manager of Model Validation, you will play a critical role in ensuring the accuracy and reliability of our Financial Crime models. Your expertise will be instrumental in validating these models to ensure compliance with regulatory expectations, industry trends, and internal policies.Key ResponsibilitiesConduct thorough model validation...
-
Senior Manager
2 days ago
Toronto, Ontario, Canada Royal Bank of Canada> Full timeJob SummaryThe Senior Manager, Model Validation is a critical role within the Royal Bank of Canada's Risk Management team. This position requires a seasoned professional with expertise in model validation, risk management, and regulatory compliance.Key ResponsibilitiesConduct thorough model validation for Financial Crime models, ensuring compliance with...
-
Senior Manager
2 days ago
Toronto, Ontario, Canada Royal Bank of Canada> Full timeJob SummaryThe Senior Manager, Model Validation is a critical role within the Royal Bank of Canada's Risk Management team. This position requires a seasoned professional with expertise in model validation, risk management, and regulatory compliance.Key ResponsibilitiesConduct thorough model validation for Financial Crime models, ensuring compliance with...
-
Model Validation Expert
6 days ago
Toronto, Ontario, Canada Intact Financial Corporation Full timeAbout the RoleWe are seeking a highly skilled Model Validation Expert to join our Risk Management team at Intact Financial Corporation.Key ResponsibilitiesLead the independent validation and vetting of the Canadian internal economic capital model.Communicate the results of model validation activities, model limitations, and uncertainties to key stakeholders...
-
Model Validation Expert
7 days ago
Toronto, Ontario, Canada Intact Financial Corporation Full timeAbout the RoleWe are seeking a highly skilled Model Validation Expert to join our Risk Management team at Intact Financial Corporation.Key ResponsibilitiesLead the independent validation and vetting of the Canadian internal economic capital model.Communicate the results of model validation activities, model limitations, and uncertainties to key stakeholders...
-
Model Validation Expert
2 days ago
Toronto, Ontario, Canada Intact Financial Corporation Full timeAbout the RoleWe are seeking a highly skilled Model Validation Expert to join our Risk Management team at Intact Financial Corporation.About the TeamOur team is responsible for developing and supporting the implementation of the risk management framework, providing independent reviews and challenges to the business, identifying, assessing, responding,...
-
Model Validation Expert
2 days ago
Toronto, Ontario, Canada Intact Financial Corporation Full timeAbout the RoleWe are seeking a highly skilled Model Validation Expert to join our Risk Management team at Intact Financial Corporation.About the TeamOur team is responsible for developing and supporting the implementation of the risk management framework, providing independent reviews and challenges to the business, identifying, assessing, responding,...
-
Old Toronto, Ontario, Canada Sun Life Financial Full timeJob DescriptionJob Title: Senior Analyst, Model Validation and Risk ManagementJob Summary:Sun Life Financial is seeking a highly skilled Senior Analyst to join our Model Validation and Risk Management team. As a key member of this team, you will be responsible for conducting independent validations of complex mathematical, statistical, and actuarial models...
-
Old Toronto, Ontario, Canada Sun Life Financial Full timeJob DescriptionJob Title: Senior Analyst, Model Validation and Risk ManagementJob Summary:Sun Life Financial is seeking a highly skilled Senior Analyst to join our Model Validation and Risk Management team. As a key member of this team, you will be responsible for conducting independent validations of complex mathematical, statistical, and actuarial models...
-
Financial Crimes Manager
3 days ago
Toronto, Ontario, Canada KPMG Canada Full timeAbout the RoleWe are seeking a highly skilled Financial Crimes Manager to join our Managed Services team at KPMG Canada.Key ResponsibilitiesLead the execution of project deliverables related to financial crimesCollaborate with cross-functional teams to identify and mitigate financial crimes risksDevelop and implement effective strategies to prevent and...
-
Financial Crimes Manager
3 days ago
Toronto, Ontario, Canada KPMG Canada Full timeAbout the RoleWe are seeking a highly skilled Financial Crimes Manager to join our Managed Services team at KPMG Canada.Key ResponsibilitiesLead the execution of project deliverables related to financial crimesCollaborate with cross-functional teams to identify and mitigate financial crimes risksDevelop and implement effective strategies to prevent and...
-
Manager, Model Validation
4 weeks ago
Toronto, Ontario, Canada TD Bank Full timeWork Location:CanadaHours:37.5Line of Business:Risk ManagementPay Details:We're committed to providing fair and equitable compensation to all our colleagues. As a candidate, we encourage you to have an open dialogue with a member of our HR Team and ask compensation related questions, including pay details for this role.Job Description:*Department...
-
Manager, Model Validation
2 weeks ago
Toronto, Ontario, Canada Scotiabank Full timeRequisition ID: 205789 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. The Model Validation & Approval area provides self-reliant and consistent model validation and approval across various risk types, including market risk, credit risk, operational risk, capital models and other key risk/financial...
-
Senior Analyst, Model Validation Expert
7 days ago
Toronto, Ontario, Canada Sun Life Financial Inc. Full timeAbout the RoleWe are seeking a highly skilled Senior Analyst, Model Validation Expert to join our Model Validation & Analytics team at Sun Life Financial Inc. This is a critical role that requires a strong understanding of mathematical, statistical, and actuarial models, as well as excellent analytical and communication skills.Key ResponsibilitiesConduct...
-
Senior Analyst, Model Validation Expert
7 days ago
Toronto, Ontario, Canada Sun Life Financial Inc. Full timeAbout the RoleWe are seeking a highly skilled Senior Analyst, Model Validation Expert to join our Model Validation & Analytics team at Sun Life Financial Inc. This is a critical role that requires a strong understanding of mathematical, statistical, and actuarial models, as well as excellent analytical and communication skills.Key ResponsibilitiesConduct...
