Senior Manager, AML Model Validation

RBC•Toronto, ON

8d•Onsite

About The Position

As the Senior Manager of Global Financial Crimes Model Validation, you will support daily execution to ensure that RBC is maintaining the ongoing effectiveness of Financial Crimes monitoring program. You will report to the Director 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. Your understanding of AML processes, regulatory expectations, and industry trends will drive our success in safeguarding against financial crimes.

Requirements

Bachelor’s degree in a relevant field (Finance, Data Science, etc.)
Strong knowledge of AML regulations and processes
Experience with model validation, risk analysis, and data manipulation
Excellent communication skills and ability to work collaboratively.

Responsibilities

Validate AML models including transaction monitoring, client risk rating, and screening
Rigorously test models to assess output quality and provide assurance on the effectiveness of alerts for identifying critical FC risks.
Ensure that all initiatives align with regulatory requirements, internal policies, and industry best practices.
Leverage your understanding of FC processes, regulations, and technology capabilities to drive successful project outcomes.
Act as a trusted advisor and effective challenger to FC model developers and users, ensuring alignment with business objectives.
Collaborate closely with stakeholders to understand model requirements, and provide actionable recommendations based on model assessments, contributing to continuous improvement.
Lead FC Model Validation initiatives under the guidance of senior leadership.
Manage the EMRM inventory system, ensuring compliance with change management procedures.
Facilitate compliance with requirements for remediating open model risk issues.
Explore internal and external data sources, becoming familiar with their nuances to deliver accurate results.
Participate in IT-related implementations for new transactions, rules, or enhancements, maintaining comprehensive documentation.
Collaborate with peers, industry experts and Enterprise Model Risk Management team to identify validation themes and emerging trends in FC model validation.
Stay abreast of emerging FC model validation trends and industry developments.