Job Summary

Job Description

What is the opportunity?  

As a Manager of Global Financial Crimes Model Validation you will support daily execution within the team to ensure that RBC is maintaining the ongoing effectiveness of Financial Crimes monitoring program. You will report to the Senior Manager of AML Model Validation as an individual contributor, and will implement and execute substantive financial crimes risk management practices relevant to models and related Frameworks. This includes the defining and scoping the validation required of new/existing models. You provide continuous close support to Global FC Validation team by implementing successful FC strategies within RBC.

What will you do?  

Conduct model validation for Financial Crime models - Client Risk Rating and Sanction Screening and ensure model output is as per the regulatory and business requirements.Design detailed validation plans and perform quantitative, conceptual and technical assessment of models; Discuss and effectively communicate validation observations and findings with the model owners and developers and prepare validation reports.Comply with internal policies, standards and regulatory requirements, where applicable. Provide active and direct support to remediate audit and regulatory issues and respond to senior management and regulatory requests.Detect and counteract emerging risks related to financial crimes and continuously assess RBC’s risk exposure.Contribute to research and development with risk-focused techniques.Collaborate with Enterprise Model Risk Management on validation themes; keep abreast of industry and regulatory developments and evolving expectations.

What do you need to succeed?

Must-have  

3+ years of related Financial Crimes experienceSAS, Python, R programming experienceIn depth knowledge of a variety of banking products and services across personal, commercial and capital marketsAbility to drive impact and influence through effective communication and collaborative, non-authoritative, partnerships.

Nice-to-have 

Studied quantitative disciplines or financeStrong quantitative and statistical skillsCertified Anti-Money Laundering Specialist (CAMS) designation or other related Certifications

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 and competitive compensationLeaders who support your development through coaching and managing opportunitiesWork in a dynamic, collaborative, progressive, and high-performing teamOpportunities to do challenging work

Job Skills

Anti-Money Laundering (AML), Communication, Financial Regulation, Model Risk, Model Validation, Risk Management

Additional Job Details

Address:

20 KING ST W:TORONTO

City:

TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-02-10

Application Deadline:

2025-02-24

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.
​​​​​​​
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.

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 at jobs.rbc.com.