Director – Implementation Assurance Testing

RBC; Toronto; On-site; CAD 150,000 - 210,000; Full time

Benefits offered by this job

Total rewards program

Flexible benefits

Work–life balance

Job summary

RBC in Toronto seeks a Director, Implementation Assurance Testing to lead the IAT team responsible for independent verification and validation of credit risk models and reporting systems across IFRS9/CECL provisioning and CCAR/EWST/MST stress testing programs. The role drives testing protocols, ensures SOX control compliance, and maintains integrity of financial and regulatory reporting.

You will mentor staff, refine testing methodologies, and collaborate with Credit Modeling & Methodology,

Qualifications

• 7 - 10+ years related work experience in credit risk or related area with model development, model validation, or quality assurance.
• Knowledge of credit risk methodology, including capital estimation, credit risk/stress testing models, and/or direct experience with Expected Credit Loss implementations.
• Substantial experience with financial models, regulatory reporting systems, and software implementation.
• Experience managing teams and coordinating complex technical projects.
• Demonstrated ability to mentor and develop technical staff.
• Proven ability to execute detailed testing protocols while maintaining strategic perspective.
• Knowledge of Python or similar language(s).
• Knowledge of modern code development and code management best practices.
• Strong technical skills in model testing, code review, and validation techniques.
• Strong interpersonal, communication, and presentation skills, with the ability to articulate and document complex technical problems and control process for a non-technical audience.

Responsibilities

• Executing comprehensive independent verification testing of all credit risk models, system code, and reporting implementations for IFRS9/CECL provisioning and CCAR/EWST/MST stress testing programs.
• Ensuring model outputs can be reliably reproduced and are not subject to unauthorized modifications.
• Performing logic and regression testing against approved specifications to validate implementation accuracy.
• Producing standardized documentation to provide independent assurance to senior management, internal and external auditors, model risk management, and regulators on the testing and integrity of model and reporting system implementations.
• Logging, prioritization, and communication of issues identified through testing for remediation by process owners.
• Develop and continuously refine IAT testing methodologies, protocols, and documentation standards to ensure comprehensive coverage, scalability, and alignment with best practices and regulatory expectations.
• Establish testing governance frameworks that balance rigor with operational efficiency.
• Represent the IAT function at governance forums, model review committees, and with internal & external audit.
• Ensure timely delivery of testing and documentation within release schedules to enable production deployment and comprehensive control execution.
• Escalate critical issues and control deficiencies appropriately.
• Coach and develop team members, fostering a culture of quality, attention to detail, and continuous improvement.
• Support the team with the development and implementation of independent testing and generation of regression testing results.
• Maintain technical documentation and submit change control UAT/PIV evidence for validation and audit review.

Skills

Python

People management

Regulatory reporting

Credit risk

SOX controls

Stakeholder communications

Model testing

Tools

SAS

Code review

Job description

Job Description

Reporting to the VP, Credit Modelling & Methodology, the Director, Implementation Assurance Testing will lead the Implementation Assurance Testing (IAT) team, which is accountable for conducting independent verification and validation of all material credit risk models and reporting systems across provisioning (IFRS9/CECL) and stress testing (CCAR/EWST/MST) programs.

In this role, the candidate drives the execution of IAT testing protocols, ensures compliance with SOX control requirements, and maintains the integrity of financial and regulatory reporting processes. The Director manages BAU assurance testing activities, develops and refines testing methodologies, and coordinates with Credit Modeling & Methodology, Enterprise Model Risk Management, and business partners to validate implementations prior to production deployment.

The Director functions as a thought leader on implementation assurance and testing governance, ensuring that IAT processes remain aligned with evolving regulatory requirements, operational standards, and business objectives. This role balances the leadership and governance aspects of assurance testing with direct involvement in technical execution and quality oversight.

What will you do?

Manage a team of 3 direct reports accountable for

• Executing comprehensive independent verification testing of all credit risk models, system code, and reporting implementations for IFRS9/CECL provisioning and CCAR/EWST/MST stress testing programs.


• Ensuring model outputs can be reliably reproduced and are not subject to unauthorized modifications.


• Performing logic and regression testing against approved specifications to validate implementation accuracy.


• Producing standardized documentation to provide independent assurance to senior management, internal and external auditors, model risk management, and regulators on the testing and integrity of model and reporting system implementations.


• Logging, prioritization, and communication of issues identified through testing for remediation by process owners.

Develop IAT testing and communicate results

• Develop and continuously refine IAT testing methodologies, protocols, and documentation standards to ensure comprehensive coverage, scalability, and alignment with best practices and regulatory expectations.


• Establish testing governance frameworks that balance rigor with operational efficiency.


• Represent the IAT function at governance forums, model review committees, and with internal & external audit. Articulate test findings, control assessments, and recommendations to senior stakeholders with clarity.


• Ensure timely delivery of testing and documentation within release schedules to enable production deployment and comprehensive control execution.


• Escalate critical issues and control deficiencies appropriately.


• Coach and develop team members, fostering a culture of quality, attention to detail, and continuous improvement. Identify skill gaps, promote professional development, and ensure adequate cross-training within the team.


• Support the team with the development and implementation of independent testing and generation of regression testing results.


• Maintain technical documentation and submit change control UAT/PIV evidence for validation and audit review.

What do you need to succeed?

Must Have

• 7 - 10+ years related work experience in credit risk or related area with model development, model validation, or quality assurance.


• Knowledge of credit risk methodology, including capital estimation, credit risk/stress testing models, and/or direct experience with Expected Credit Loss implementations.


• Substantial experience with financial models, regulatory reporting systems, and software implementation.


• Experience managing teams and coordinating complex technical projects.


• Demonstrated ability to mentor and develop technical staff.


• Proven ability to execute detailed testing protocols while maintaining strategic perspective.


• Knowledge of Python or similar language(s).


• Knowledge of modern code development and code management best practices.


• Strong technical skills in model testing, code review, and validation techniques.


• Strong interpersonal, communication, and presentation skills, with the ability to articulate and document complex technical problems and control process for a non-technical audience.

Nice to Have

• Strong interpersonal, communication, and presentation skills, with the ability to articulate and document complex technical problems and control process for a non-technical audience.


• Knowledge of SAS is an asset.


• Project management and/or stakeholder coordination experience.


• Understanding of SOX controls, internal audit requirements, and regulatory compliance.

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 and competitive compensation


• Leaders who support your development through coaching and managing opportunities


• Ability to make a difference and lasting impact


• Flexible work/life balance options


• Work in a dynamic, collaborative, progressive, and high-performing team


• Opportunities to do challenging work

Job Skills

Credit Analysis, Key Performance Indicators (KPI), New Challenges, People Management, Risk Management, Task Delegation

Additional Job Details

Address: RBC CENTRE, 155 WELLINGTON ST W: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: 2026-11-05

Application Deadline: 2026-11-22

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

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One 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.

Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.