Director, Internal Audit Model Risk Coe

**Job Summary**

**What is the opportunity?**

Internal Audit (IA), as the Third Line of Defense, provides independent assurance to senior management and the Board of Directors on the effectiveness of risk management policies, processes, and practices in all areas of RBC.

As Director, AML Model Risk Audit CoE, you will be accountable for assessing the design and execution effectiveness of the internal controls, AML model risk management practices, and the associated risk governance processes related to AML models. You will lead a team of experienced audit professionals and oversee all model risk audit projects for Global AML models and related processes. As AML Model Risk Audit lead, you will provide insights to Audit group and work closely with various audit teams within Chief Audit Executive Group (CAE) and related internal stakeholders to achieve audit objectives and deliverables, and also build and maintain strong partnership. This role reports into Managing Director, Model Risk Audit CoE.

The RBC CAE Group leverages a unique perspective— with a coordinated view across the entire business—to 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?**
- Lead a team of AML Model Audit professionals and oversee model risk audit projects (e.g., model risk audit, validation of regulatory issues/remediation, etc.) for Global AML models including economic sanction models. Collaborate and support AML Audit Group on AML audit projects.
- Provide insights and advises on AML Model Risk Management and act as trusted advisor to both stakeholders within CAE and the business.
- Responsible for development and execution of comprehensive model audit strategy including audit scope, approaches, sampling methodologies, and audit steps to ensure adequate planning and timely execution of the model risk audit projects.
- Build and develop a high-performance team.
- Support and address requests from global and regional regulators.
- Support senior management on strategic initiatives.
- Build and maintain effective working relationships with stakeholders and audit partners. Support management in developing robust action plans to address deficiencies, and ensure corrective actions are implemented in a timely manner to effectively address the issues.

**What do you need to succeed?**

**Must-Haves**:

- Strong leadership, people management, and relationship management skills, with excellent communication skills (written and verbal)
- Expertise in AML Model Risk Management and knowledge of industry/best practices in AML modelling, validation, and controls.
- 6+ years of experience in model development, model validation, or model audit functions for AML models.
- Master’s degree in quantitative areas such as finance, mathematics, physics, statistics, or equivalent working experience.
- Working knowledge in machine learning techniques and programming in Python/R.

**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, competitive compensation, commissions and stock where applicable.
- Leaders who support your development through coaching and managing opportunities.
- Opportunities to do challenging work.

LI-POST

**Job Skills**

Adaptability, Auditing, Detail-Oriented, Internal Controls, Interpersonal Relationship Management, Long Term Planning, Model Audit, Multi-Level Communication, Organizational Savvy and Politics, 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**:
2025-06-05

**Application Deadline**:
2025-07-31

**I**nclusion** and Equal Opportunity Employment**

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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