Job Summary

Job Description

What is the opportunity?

As part of the Group Risk Management (GRM) team, the Associate Director, Model Risk Governance (MRG) will be responsible for managing day-to-day operational and tactical aspects of multiple projects in support of the Enterprise Model Risk Management group, including model validation governance.  Plans, directs, and coordinates Model Risk Management (MRM) 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 Senior Analyst, MRG 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.  This is complemented by a positive attitude and a willingness to take accountability for results achieved.

What will you do?

Assist the team in managing the group’s model validation pipeline; focusing on proactive management of business priorities, compliance dates, and regulatory requirements. Manage the centralized model inventory for RBC Enterprise-wide models across business segments, ensuring it is up to date and model information is accurate and complete (Capital Markets, Personal & Consumer Banking, Insurance, Treasury & Investor Services, Corporate Support, and Anti-Money Laundering).Review model information, remap the model characteristics and relationships as directed by changing business needs.Articulate RBC Model Risk Policy and Model Operating Standards to business units, and identify areas where the practice is not meeting the policy.Learn how models are used to support RBC Enterprise-wide banking and trading business needs.Build inter-personal relationships across model risk management related stakeholders

What do you need to succeed?

Must-have

Hold a university degree (preferably an advanced degree in a financial and/or related discipline4-6 years’ experience with leading projectsStrong verbal and written communication skills and proven interpersonal skillsExpert MS Word, Excel and PowerPoint userOutstanding analytical and organizational skills with an attention to detail. Tenacity to identify the root cause of problems is essentialAbility to execute with urgency while maintaining quality and efficiencyStrong knowledge of Strong knowledge of Model risk guidelines; OSFI’s E-23 & FRB’s SR11-7

Nice-to-have

FRM or PRM certification

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

Accountability, Auditing, Audits Compliance, Data Gathering Analysis, Detail-Oriented, Ethical Business, Group Problem Solving, Process Management, Quality Management, Time Management

Additional Job Details

Address:

ROYAL BANK PLAZA, 200 BAY ST: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:

2025-02-19

Application Deadline:

2025-03-08

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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