Associate Director, Model Risk Governance
Associate Director, Model Risk Governance
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Job Description
Job Summary
Job Description
What is the opportunity
RBC is seeking a motivated self-starter to join its Enterprise Model Risk Management team where you will be a key member of the Governance team helping with the identification and onboarding of models into the internal model inventory system. You will work with various stakeholders across different businesses and regions providing guidance and training to ensure the model risk policy is understood.
What will you do
- Work with Model Business owners to identify models and provide model documentation walkthroughs for internal teams and vendors
- Perform updates to Model Risk Management documentation e.g Model Standards Model Materiality Guidelines and Model Identification Guidelines
- Work with first line of defense to assess and perform model and classification reviews
- Update training courses and host training sessions for first and second lines of defense
- Work with Third Party Risk to ensure models are correctly identified in any vendor products used by the Bank
- Develop a strong working relationship with project stakeholders
What do you need to succeed
Must-have
- Masters degree or equivalent in a quantitative discipline
- Strong conceptual analytical detail orientated and problem-solving skills
- Strong written and verbal communication skills and ability to communicate technical concepts to non-technical audience
- Experience developing or validating models and a strong understanding of the regulatory environment for Model Risk Management
- Proficient in Excel and experience in other software applications
- Proven ability to work across organizational boundaries in a multi-stakeholder context
Nice-to-have
- Experience working in a global financial organization
- Experience in reviewing financial statements
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
- Work in an agile collaborative progressive and high-performing team
- Leaders who support your development through coaching and managing opportunities
- Ability to make a difference and lasting impact
- The opportunity to interface with stakeholders from many different parts of the organization
Job Skills
Critical Thinking Financial Regulation Long Term Planning Model Risk Risk Governance Risk ManagementAdditional Job Details
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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.
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Required Experience:
Director
Employment Type
Full-Time
