Manager, Global FC Model Validation
Apply NowCompany: Royal Bank of Canada
Location: Toronto, ON M4E 3Y1
Description:
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 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?
What do you need to succeed?
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.
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 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:
2025-04-17
Application Deadline:
2025-05-01
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 believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
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.
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 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?
- Validate Financial Crime models, including Transaction Monitoring, Client Risk Rating, and Sanction Screening.
- Ensure 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.
- 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.
- 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.
- Articulate the scope and approach of enterprise-wide model validation to RBC Management, External Regulators, and Internal Audit.
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.
- An opportunity to do great and meaningful work with lasting impact
- Leaders who support your development through coaching and managing opportunities
- Work in a dynamic, collaborative, progressive, and high-performing team
- Opportunities to take on progressively greater scopes of work
- A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation
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 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:
2025-04-17
Application Deadline:
2025-05-01
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 believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
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.