Senior Manager

Key Skills

Aartificial intelligence, Data science techniques, Effective communication skills, Finance, Machine learning techniques, Planning and organization, Python Programming, R Programming

Job Description

What is the opportunity?

RBC Internal Audit Services is hiring a Senior Manager within Model Risk Audit Team. You will provide an independent and objective assessment of the effectiveness of Model Risk practices within the first and second line of defence across RBC. This includes assessing the effectiveness of internal controls throughout the model lifecycle; identification, development, documentation, validation, implementation, and performance monitoring & use. You will also contribute to the assessment of the effectiveness of model risk management practices with focus on AML, Credit Risk, Artificial Intelligence & Machine Learning (AI/ML), Stress Testing, Valuation, Market Risk, Liquidity Risk and Counterparty Credit Risk models.

The RBC CAE Group leverages a unique perspective— with a coordinated view across the entire business—to deliver valuable advice that not only gives assurance, but that illuminates a bigger picture, connects dots, builds best practices and broadens possibilities. We connect intelligence to protect and enable RBC.

What will you do?

• Contribute to the development of a risk-based multi-year approach to the audit of Model Risk Management within RBC.
• Through in-depth understanding of the business including changes to the regulatory and business environments, develop model audit programs to ensure effective control solutions are implemented.
• Contribute to effective continuous risk monitoring and continuous assurance on overall Model Risk Management controls.
• Provide input on the assessment of the effectiveness of model development and model validation activities; including quality of supporting documentation, modelling methodologies, margins of conservatism, parameter choices, testing and the wide range of other modelling decisions that are made.
• Plan and execute technical audit engagements related to a broad range of models including those used in AML, capital markets, market risk, credit risk, regulatory capital, IFRS 9/CECL, CCAR, stress testing, AI/ML, finance, insurance and treasury
• Continually develop working relationship with business stakeholders to become a trusted advisor.

What do you need to succeed?

 Must-Haves: 

• Evidence of having validated and/or developed any of the following model types: AML, Market Risk, Credit Risk, Data Science AI/ML, Capital Risk, Treasury (Interest rate risk and/or liquidity risk), Valuation, Insurance, Stress Testing.
• Risk Management or Regulatory/Compliance experience – Experience in any one of AML, CCR & Market Risk, Credit Risk, Stress Testing, Valuation and Liquidity & Funding Risk. In either 1st or 2nd line of defence.
• Knowledge of legislation and regulations relating to model risk management in Canada, USA and UK.
• Ability to work under pressure and communicate effectively with the key stakeholders.
• Self-motivated - able to work and learn independently, communicate and collaborate effectively with others at all levels in the organization.

Nice to have:

• Working knowledge in machine learning techniques, programming in Python, R.
• Working knowledge of Internal Audit Services practices, policies, procedures and systems with Internal Audit experience in Banking or Capital Market.
• Quantitative Degree in Finance/Mathematics/Physics/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, competitive compensation, commissions and stock where applicable.
• Work with and learn from our extensive global network of people, including risk management professionals, data scientists, researchers, and various subject matter experts.
• Leaders who support your development through coaching and managing opportunities.
• Opportunities to do challenging work.

Job Skills

Adaptability, Auditing (Inactive), Business Acumen, Communication, Detail-Oriented, Internal Controls, Interpersonal Relationship Management, Long Term Planning, Results-Oriented