Manager - AML Model Validation

Job Description

What is the opportunity?

In support of the RBC Global AML Compliance Program, the AML Model Validation Manager provides support and daily execution within the Model Validation team to ensure that RBC is maintaining the ongoing effectiveness of AML monitoring program. The candidate will report to the Senior Manager of AML Model Validation.  The main duties and responsibilities as an individual contributor will be to implement and execute substantive money laundering or terrorist financing risk management practices relevant to Rules Management and related Frameworks.  This includes the defining and scoping the validation required of new/existing rules and models, as well as decommissioned rules. The incumbent will provide continuous close support to Global AML Compliance by implementing successful AML strategies within RBC.

What will you do?

• Proactively validating solutions and AML surveillance as it applies to detecting and counteracting emerging risks and typologies for ML/TF/Tax Evasion/ABAC/etc as well as continuously assessing RBC's risk exposure.

• Ability to articulate the scope and approach on the Enterprise wide approach to model validation to RBC  Management, External Regulators, and Internal Audit
• Support and manage independent validations of AML models and scenarios across various lines of business and ensure that any deficiencies are properly documented and reported
• Have the ability to develop concepts, plan a course of action, execute the plan in a reasonable amount of time, and deliver results in a thorough and organized presentation
• Leverage and support the AML Model Validation Manager to make model related decisions and assist in development and maintenance of documentation
• Effectively communicate inherent model risks and limitations, develop methodologies that demonstrate and challenge assumptions within models, and evaluate metrics as a component of each validation
• Support the Manager of AML Model Validation to effectively challenge, pursuant to the model requirements definition, model developers, and business stakeholders
• Ensure the execution of any model validation effort is in line with the AML Governance Model Validation methodology, policies, and standards.

What do you need to succeed?

• Bachelor Degree (3 years experiences) / Master / PHD /  in Statistics, Actuarial Science, Mathematics etc.
• Teamwork is essential - the ability to function effectively in a cooperative environment is a requirement
• Excellent written communication skills, and the ability to understand a complex problem and articulate to a business audience
• Very strong interpersonal and analytical skills
• Strong written and oral communication skills; business writing experience
• Very good working knowledge of Microsoft suite and other data mining applications (SAS, Python, R, and SQL)
• Knowledge of regulations related to AML and AT
• Working background/experience with the major business segments of RBC

Nice to have

• ACAMS, Certified Internal Audit, SAS, SQL, Python, R
• ACAMS certification

What's in it for you?

We thrive on the challenge to be our best, on progressive thinking to keep growing, and on working together to deliver trusted advice to help our clients succeed. Working in collaborative teams, we care about each other, reaching our potential, making a difference to our communities and achieving success that is mutual.

• Become part of a dynamic, collaborative, progressive, inclusive, respectful, and high-performing team

• Continued opportunities for career advancement

• A comprehensive Total Rewards Program including pension and flexible benefits

• An excellent onboarding and ongoing training program

Job Skills

Anti Money Laundering Training, Business Perspective, Communication, Decision Making, Financial Regulation, Interpersonal Relationship Management, Operational Integrity, Organizational Governance, Process Management, Strategic Thinking

Additional Job Details

Address:

20 KING ST W:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

Application Deadline:

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion 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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