Job Summary

Job Description

What is the Opportunity?

The Governance Specialist, Model Risk is responsible for managing day-to-day operational and tactical aspects of multiple projects in support of the US Model Risk Management group, including model validation governance.  In this role, you will Plan, direct and coordinate US Model Risk Management review activities to ensure project and risk objectives are accomplished within approved timeframes and to model risk policy and standards.

As a member of a dynamic, fast paced team, the Governance Specialist, Model Risk  is expected to pursue excellence in the delivery of work, demonstrate strong written and verbal communication skills, a strong work ethic, and a demonstrated capability to multi-task effectively.  This role requires strong interpersonal, organizational and problem-solving skills, as well as a demonstrated sense of urgency to respond to time sensitive priorities. 

What will you do?

Actively participate in the communication on US regulatory requirements and requests within the adjudication team and throughout the Combined US Operations (CUSO) to maintain RBC’s strong risk culture.

Translate high-level analytics and risk asks into actionable pieces by providing a curated risk approach/control that is aligned with business needs and senior leadership strategy.

Steer project management team and other stakeholders in alignment with strategy, policies, and regulations to drive successful deliverables.

Identify, interpret, and lead framework development and updates to mitigate risks for regulatory guidelines and business-driven initiative.

Communicate risk policies effectively and responsively.

Develop and deliver formal and tailored training and guidance on policy requirements and governance in consultation with senior stakeholders.

Provide senior level advice and support to managers, stakeholders and partners.

Lead the team in managing the group’s model validation pipeline, focusing on proactive management of business priorities, compliance dates, and regulatory requirements.

Take ownership of challenges or problems as first point of contact on Enterprise Model Risk Management’s end and drive solutions for CCAR.

Develop and maintain strong working relationships with key stakeholders.  Partner with key stakeholders, subject matter experts and other groups across RBC to develop effective, understandable, and implementable policies.
 

What do you need to succeed?

Required

A university degree (preferably an advanced degree in a financial or otherwise related field.

5 plus years of relevant experience.

Strong verbal and written communication skills and proven interpersonal skills.

Expertise in MS Word, Excel and PowerPoint.

Outstanding analytical and organizational skills with an attention to detail. Tenacity to identify the root cause of problems is essential.

Ability to execute with urgency while maintaining quality and efficiency.

Excellent influencing skills and ability to partner with the right people to achieve collective results.

Strong professional judgment and drive to make an impact.

Excellent analytical and problem-solving skills, ability to make logical or implied connections from a vast array of information.
 

Nice to have

Strong knowledge of Federal Reserve Model risk guidelines 11-7.

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

Ability to make a difference and lasting impact

Work in a dynamic, collaborative, progressive, and high-performing team

Opportunities to do challenging work

Opportunities to building close relationships with clients

The good-faith expected salary range for the above position is $110K-$190K depending on factors including but not limited to the candidate’s experience, skills, registration status; market conditions; and business needs.  This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.

RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

Drives RBC’s high performance culture

Enables collective achievement of our strategic goals

Generates sustainable shareholder returns and above market shareholder value

#LI-POST
#LI-Hybrid

Job Skills

Business, Communication, Financial Regulation, Interpersonal Communication, Oral Communications, Prioritization, Risk Culture, Risk Governance, Risk Policies, Written Communication

Additional Job Details

Address:

GOLDMAN SACHS TOWER, 30 HUDSON STREET:JERSEY CITY

City:

Jersey City

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2024-12-23

Application Deadline:

2025-03-23

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 embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
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We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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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 at jobs.rbc.com.