Royal Bank of Canada
Job title:
Manager, Global FC Model Validation
Company
Royal Bank of Canada
Job description
Job Summary Establishes, implements and manages business unit AML programs to prevent illegal, unethical, or improper business practices. Applies experience and seasoned knowledge, skills, and practices to perform a variety of assignments.Job 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 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:
- Validate Financial Crime models, including Transaction Monitoring, Client Risk Rating, and Sanction Screening.
- Ensure model outputs comply with regulatory and business requirements.
Risk Assessment and Proactive Challenges:
- Proactively challenge financial crime models and methodologies.
- Detect and counteract emerging risks related to financial crimes and continuously assess RBC’s risk exposure.
Effective Communication and Documentation:
- 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 AML 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.
Innovation and Industry Trends:
- Contribute to research and development with risk-focused techniques.
- Demonstrate key competencies: Adaptability, Change Management, Teamwork & Collaboration, Problem Solving, and Planning.
- Establish individual goals, drive performance management, support career development, and reward strong performance.
- Collaborate cross-enterprise teams for better solutions.
What do you need to succeed?
- 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 (SAS, Python, R, and SQL)
- Knowledge of regulations related to Financial Crimes
- Bachelor’s degree in a relevant field (Finance, Data Science, etc.)
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 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
Job Skills Anti-Money Laundering (AML), Communication, Data Gathering Analysis, Detail-Oriented, Financial Regulation, Fraud Risk Management, Group Problem Solving, Internal Controls, Operational Integrity, Process ManagementAdditional Job DetailsAddress: 120 WESTERN PKY:BEDFORDCity: BEDFORDCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: GROUP RISK MANAGEMENTJob Type: RegularPay Type: SalariedPosted Date: 2025-03-07Application Deadline: 2025-03-22Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveInclusion 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
Bedford, NS
Job date
Sun, 09 Mar 2025 05:50:52 GMT
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