Senior Audit Manager, Model Risk
Senior Audit Manager, Model Risk
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
Job Description
Job Summary
Job Description
What is the opportunity
RBCs Internal Audit department is hiring a Senior Manager within the Model Risk Audit Team to support US Operations. You will provide an independent and objective assessment of the effectiveness of Model Risk practices within the first and second line of defense 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.
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:
5-7 years of internal audit experience with at least 3 years dedicated to model risk
A strong track record 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.
Knowledge of relevant legislation and regulations relating to model risk management
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.
Whats 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
- 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
- Flexible work/life balance options
#LI-POST
Job Skills
Adaptability Auditing Commercial Acumen Communication Detail-Oriented Internal Controls Interpersonal Relationship Management Long Term Planning Model Risk Results-OrientedAdditional Job Details
Address:
City:
Country:
Work hours/week:
Employment Type:
Platform:
Job Type:
Pay Type:
Posted Date:
Application Deadline:
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 .
Required Experience:
Manager
Employment Type
Full-Time
