Manager, Global FC Model Validation
About The Position
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 Financial Crime 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.
Requirements
- 3+ years in machine learning model development, validation, or financial crimes risk management
- Proficiency in statistical analysis and data manipulation (Python, R, SQL, or SAS)
- Strong knowledge of machine learning algorithms and their applications in financial crimes detection
- Bachelor’s degree in a relevant field (Finance, Data Science, Economics, Mathematics etc.)
- Strong written and oral communication skills; business writing experience
- Knowledge of regulations related to Financial Crimes
Nice To Haves
- Adaptability
- Change Management
- Teamwork & Collaboration
- Problem Solving
- Planning
Responsibilities
- Validate financial crimes models—both machine learning and heuristic-based—to assess output quality, alert effectiveness, and risk mitigation capabilities
- Conduct rigorous testing of sanctions screening and AML detection models to ensure they effectively identify critical financial crimes risks
- Provide comprehensive model risk assessments and challenge recommendations to senior leadership and governance committees
- Manage the Enterprise Model Risk Management (EMRM) inventory system, maintaining robust change management procedures and documentation
- Proactively challenge financial crime models and methodologies.
- Detect and counteract emerging risks related to financial crimes and continuously assess RBC’s risk exposure.
- 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 FC 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.
- Contribute to research and development with risk-focused techniques.
- Establish individual goals, drive performance management, support career development, and reward strong performance.
- Collaborate cross-enterprise teams for better solutions.
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
- A world-class training program in financial services
- Opportunities to take on progressively greater scopes of work
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What This Job Offers
Job Type
Full-time
Career Level
Manager
