Director, AI Model Risk

Job Description

What is the opportunity? 

As a Director in the AI Model Risk team, you will be responsible for a team of validation analysts providing validation and challenge of artificial intelligence (AI) models. You'll help support RBC's strategic goals of leveraging AI by reducing model risk associated with the use of AI models and ensure AI models are conceptually sound, fit-for-purpose and aligned with the bank's risk appetite.

What will you do?  

• Define and execute the validation framework specific to AI models, aligned with Enterprise-wide model risk policies and standards
• Oversee the team responsible of independent validation of AI models, including assessment of conceptual soundness of models, model development testing processes and appropriates of model performance tracking framework
• Manage stakeholder relationships to ensure timely completion of validation reviews
• Keep abreast of industry trends and regulatory developments relating to AI applications on model risk management and governance.

What do you need to succeed?

• An advanced university degree in a financial and/or quantitative discipline
• Have more than 3-5 years of relevant experience working in the financial services industry
• Possess strong knowledge on and/or broad experience in risk management approaches and industry best practices and regulatory requirements for model risk management.
• Have a collaborative mind-set and effective people management skills
• Develop effective relationships and apply team-building skills across company divisions and all management levels
• Strong verbal and written communications skills

Nice-to-have 

• Prior history in academic research, publications, open-source software projects and/or experience in a data science, ML engineer or software development role
• Experience as a people manager
• Experience developing or reviewing AI models in a regulated industry
• Experience with IT infrastructure, data engineering or governance/policy

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
• 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

Job Skills

Financial Regulation, Operational Requirements, Operational Risks, Risk Management, Standard Operating Procedure (SOP)

Additional Job Details

Address:

ROYAL BANK PLAZA, 200 BAY ST: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.

Join our Talent Community

Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.

Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities

---