Associate Director, Model Risk Governance

RBC; Toronto; On-site; CAD 70,000 - 110,000; Full time

Job summary

An established industry player is looking for a motivated self-starter to join its Enterprise Model Risk Management team. In this key role, you will work closely with various stakeholders to ensure model risk policies are understood and effectively implemented. You'll be responsible for identifying models, updating documentation, and providing training. This is an excellent opportunity to develop strong relationships across the organization while contributing to a high-performing team dedicated to delivering trusted advice and innovative solutions. If you have a passion for risk management and thrive in a collaborative environment, this role is perfect for you.

Benefits

Comprehensive Total Rewards Program

Flexible benefits

Competitive compensation

Agile, collaborative team environment

Development coaching opportunities

Ability to make a lasting impact

Qualifications

• Strong analytical and problem-solving skills are essential.
• Experience in developing or validating models is required.

Responsibilities

• Identify models and provide documentation walkthroughs.
• Update Model Risk Management documentation and host training sessions.

Skills

Critical Thinking

Financial Regulation

Long Term Planning

Model Risk

Risk Governance

Risk Management

Education

Masters degree in a quantitative discipline

Tools

Excel

Job description

Job Summary

Job Description

What is the opportunity?

RBC is seeking a motivated self-starter to join its Enterprise Model Risk Management team, where you will be a key member of the Governance team helping with the identification and onboarding of models into the internal model inventory system. You will work with various stakeholders across different businesses and regions, providing guidance and training to ensure the model risk policy is understood.

What will you do?

• Work with Model Business owners to identify models and provide model documentation walkthroughs for internal teams and vendors
• Perform updates to Model Risk Management documentation e.g Model Standards, Model Materiality Guidelines and Model Identification Guidelines
• Work with first line of defense to assess and perform model and classification reviews
• Update training courses and host training sessions for first and second lines of defense
• Work with Third Party Risk to ensure models are correctly identified in any vendor products used by the Bank
• Develop a strong working relationship with project stakeholders

What do you need to succeed?

Must-have

• Masters degree or equivalent in a quantitative discipline
• Strong conceptual, analytical, detail orientated and problem-solving skills
• Strong written and verbal communication skills and ability to communicate technical concepts to non-technical audience
• Experience developing or validating models and a strong understanding of the regulatory environment for Model Risk Management
• Proficient in Excel and experience in other software applications
• Proven ability to work across organizational boundaries in a multi-stakeholder context

Nice-to-have

• Experience working in a global financial organization
• Experience in reviewing financial statements

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
• Work in an agile, collaborative, progressive, and high-performing team
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• The opportunity to interface with stakeholders from many different parts of the organization

Job Skills

Critical Thinking, Financial Regulation, Long Term Planning, Model Risk, Risk Governance, Risk Management

Additional Job Details

Address:

ROYAL BANK PLAZA, 200 BAY ST:TORONTO

City:

TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-05-06

Application Deadline:

2025-05-22

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion 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 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.

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