Senior Audit Manager, Model Risk

Royal Bank of Canada

  • Toronto, ON
  • Permanent
  • Temps-plein
  • Il y a 28 jours
Job DescriptionWhat is the opportunity?RBC's 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 treasuryContinually 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 riskA 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 managementNice 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
  • 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-POSTJob Skills Adaptability, Auditing, Commercial Acumen, Communication, Detail-Oriented, Internal Controls, Interpersonal Relationship Management, Long Term Planning, Model Risk, Results-OrientedAdditional Job DetailsAddress: 20 KING ST W:TORONTOCity: TorontoCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: INTERNAL AUDITJob Type: RegularPay Type: SalariedPosted Date: 2025-05-23Application Deadline: 2025-09-12Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveInclusion and Equal Opportunity EmploymentAt 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 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 .

Royal Bank of Canada