Manager, Global FC Model Validation

Job title:

Manager, Global FC Model Validation

Company

Royal Bank of Canada

Job description

Job SummaryJob DescriptionWhat 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 Financial Crime 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?

• Validation of Sanction Screening models and ensuring model outputs comply with regulatory and business requirements
• Proactively challenge financial crime models and methodologies.
• Detect and counteract emerging risks related to financial crimes and continuously assess RBC’s risk exposure.
• Articulate the scope and approach of enterprise-wide model validation to RBC Management, External Regulators, and Internal Audit.
• Develop clear concepts, execute plans efficiently, and deliver organized results.
• Collaborate with FC Model Validation Senior Managers and Directors to make model-related decisions.
• Communicate inherent model risks and limitations effectively.
• Develop and challenge assumptions, conceptual soundness, model performance and process and evaluate metrics during each validation and document results in validation reports.
• Contribute to research and development with risk-focused techniques.
• Demonstrate key competencies: Adaptability, Change Management, Teamwork & Collaboration, Problem Solving, and Planning.

What do you need to succeed?
Qualifications:

• 3+ years of related Financial Crimes experience
• Strong written and oral communication skills; business writing experience
• Strong interpersonal and analytical skills
• Good working knowledge of Microsoft suite and other data mining applications (Python, SAS, R, and SQL)
• Knowledge of regulations related to Financial Crimes
• Bachelor’s degree in a relevant field (Finance, Data Science, etc.

Job Skills Analytical Thinking, Communication, Data Analytics, Group Problem Solving, Model ValidationAdditional Job DetailsAddress: 20 KING ST W:TORONTOCity: TORONTOCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: GROUP RISK MANAGEMENTJob Type: RegularPay Type: SalariedPosted Date: 2024-04-02Application Deadline: 2024-04-24Inclusion and Equal Opportunity EmploymentAt 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 CommunityStay 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 .

Expected salary

Location

Toronto, ON

Job date

Thu, 04 Apr 2024 00:13:26 GMT

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