Director, Model Risk
About The Position
The Director, Model Risk role sits within the 1LOD Cross-Business Controls & Enablement team under the Consolidated US Operations (CUSO) Chief Control Office (CCO). The mandate of the role is to ensure RBC’s control environment associated with Model Risk is fit for purpose and operating effectively across 1LOD for CUSO and global Capital Markets. This position has a high degree of interconnectedness across businesses (Capital Markets, City National Bank, RBC Bank (Georgia), US Wealth Management) and will partner closely with stakeholders across the Three Lines of Defense, including Model Business Owners, Model Development Owners, Model Users, Group Risk Management (GRM), and Internal Audit.
Requirements
- 8-10 years of experience in Financial Services, with at least 3 years dedicated to supporting Model Risk management activities.
- Strong quantitative skills coupled with ability to overlay relevant qualitative considerations to inform risk-based judgment.
- Demonstrated ability to translate complex technical concepts into clear materials or briefings for senior management and/or risk governance.
- Strong analytical and problem-solving skills (including root cause analysis) with keen attention to detail.
- Demonstrated capability to work in a dynamic, fast-paced environment with multiple priorities.
- Demonstrated ability to lead structured and outcomes-oriented meetings.
- Excellent project management and communication skills.
Nice To Haves
- Strong knowledge of quantitative modeling techniques.
Responsibilities
- Design and/or operationalize 1LOD processes and key controls in line with enterprise Model Risk requirements and RBC’s Model Risk Transformation.
- Strengthen 1LOD accountability in Model Risk, including increasing awareness of Model Risk-related requirements and roles and responsibilities.
- Lead or monitor key 1LOD control execution and governance activities (e.g., model inventories) and enhance the control environment as applicable.
- Review enterprise requirements and collaborate with key stakeholders to drive or influence policy, standard, and process alignment and simplification across CUSO entities.
- Drive or influence enhanced risk metrics to ensure comprehensive risk coverage and accurate reflection of the Model Risk profile.
- Partner with key stakeholders to shape how generative and agentic AI-related considerations are integrated into RBC’s Model Risk management’s processes and controls.
- Lead 1LOD risk profile reporting and develop data-driven insights; also support RBC’s risk appetite reporting processes, including driving consistent risk narratives where applicable.
- Lead and/or contribute to Working Groups and targeted initiatives.
- Promote the use and integration of Technology tools to increase efficiency and effectiveness.
- Lead and/or coordinate responses to regulatory exams and internal reviews; develop remediation plans as applicable.
Benefits
- bonuses
- flexible benefits
- competitive compensation
- commissions
- 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 building close relationships with clients
- 401(k) program with company-matching contributions
- health, dental, vision, life and disability insurance
- paid time-off plan
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What This Job Offers
Job Type
Full-time
Career Level
Director
Education Level
No Education Listed
