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 report to the Senior Manager of AML Model Validation as an individual contributor, and 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?
Conduct Model Validation:
Validate Financial Crime models, including Transaction Monitoring, Client Risk Rating, and Sanction Screening.
Ensure model outputs comply with regulatory and business requirements.
Risk Assessment and Proactive Challenges:
Proactively challenge financial crime models and methodologies.
Detect and counteract emerging risks related to financial crimes and continuously assess RBC’s risk exposure.
Effective Communication and Documentation:
Articulate the scope and approach of enterprise-wide model validation to RBC Management, External Regulators, and Internal Audit.
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.
Innovation and Industry Trends:
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.
Must-have:
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.)
A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
Leaders who support your development through coaching and managing opportunities
Ability to make a difference and lasting impact
Work in a dynamic, collaborative, progressive, and high-performing team
Opportunities to do challenging work
Opportunities to build close relationships with clients
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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:
TorontoCountry:
CanadaWork hours/week:
37.5Employment Type:
Full timePlatform:
GROUP RISK MANAGEMENTJob Type:
RegularPay Type:
SalariedPosted Date:
Final date to receive applications:
Note: Applications will be accepted until 11:59 PM on the day prior to the Final date to receive applications date aboveInclusion 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…
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