Senior Director, Internal Audit

3 days ago


Toronto, Ontario, Canada Royal Bank of Canada Full time
Job Summary

As a Senior Director, Internal Audit, you will be responsible for providing independent and objective evaluation of the adequacy and effectiveness of the model risk management practices at Royal Bank of Canada. This includes assurance strategy and coverage of RBC's Enterprise Model Risk management practices across the first and second lines of defense.

Key Responsibilities
  • Lead the IA model risk centre of excellence and related audit strategy, providing support for enterprise and regional audit teams.
  • Provide insights to the Audit Group and work closely with global audit teams to ensure adequate coverage of model-related processes and controls.
  • Develop and execute the Internal Audit strategy and coverage of Model Risk processes and controls, including model risk management.
  • Ensure assurance activities, including risk assessments, annual planning, audits, continuous risk monitoring, and issue validation, are executed effectively, timely, and in compliance with internal audit methodology and expectations.
  • Collaborate and partner with regional and business audit teams to ensure holistic coverage of model risks across the first and second lines of defense.
  • Develop and deepen relationships with key internal stakeholders through ongoing communication on assurance activities and related emerging risks and controls.
  • Make recommendations to Executives that will have a significant impact on the enterprise.
  • Drive thought leadership on model risk management and controls and related top and emerging risks through regular interaction with internal stakeholders, industry associations, and peer organizations.
Requirements
  • Leadership, people management, relationship building, and client experience.
  • Business experience in a financial institution dealing with multiple business platforms, business processes, as evidenced by years of relevant experience.
  • Model Risk Management experience.
  • Audit experience (strategic planning through reporting) in a senior leadership role.
  • Experience dealing with regulators – OSFI and/or key global regulators.
  • Knowledge of stress testing and market/counterparty credit risk capital regulations.
What We Offer
  • A comprehensive Total Rewards Program, including bonuses and flexible benefits, 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.
  • Flexible work/life balance options.


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