Director, Model Governance & Enhancement

RBC; Toronto; On-site; CAD 150,000 - 230,000; Full time

Job summary

RBC in Toronto seeks a Director, Model Enhancement & Governance to lead the transformation of provisioning models and processes. You will establish governance standards, coordinate with Model Risk Management, Internal Audit, and business teams to ensure compliant documentation, and drive improvements to IFRS9 and CECL provisioning programs.

You will mentor teams, report on governance metrics, and stay current with regulatory developments to elevate RBC's risk governance maturity.

Qualifications

• Strong banking and risk knowledge with 8+ years in risk management.
• Experience with model documentation and validation, governance focus.
• Graduate degree in analytical field; MBA/CPA acceptable.

Responsibilities

• Independently establish and maintain comprehensive documentation standards for all provisioning models and processes
• Work with the credit provisioning teams to understand credit provision results, assumptions, and methodologies and generate comprehensive technical model documentation for second- and third-line reviews.
• Independently coordinate with model risk management to support the initial and ongoing validation of credit provisioning processes while responding to technical inquiries in a timely manner.
• Maintain strong communication with functional partners for timely identification and escalation of issues affecting model governance and documentation
• Ensure requisite processes are maintained and their execution adequately documented, with internal management and/or SOX controls as appropriate.
• Keep abreast of regulatory, accounting and other financial industry developments as they relate to RBC’s credit provisioning and model governance, including but not limited to OSFI E-23, OSFI IFRS 9 Financial Instruments and Disclosures, FRB 26-2 guidelines and ASC 326.
• Anticipate, and be able to answer, both written and verbally, nearly all substantive questions related to the work of their team to internal and external stakeholders, including the respective regulators.
• Lead remediation effort and plan for control/compliance issues identified by management, internal and external auditors.
• Act as a subject matter expert to internal model governance requirements and ensure all processes and documentation are compliant.
• Understand RBC vision, as well as support and reinforce targeted behaviours that contribute to RBC goals.

Skills

Credit risk governance

Model documentation

Stakeholder communication

Analytical thinking

Education

Graduate degree in Finance/Statistics/Mathematics or MBA/CPA

Tools

SAS

Python

Job description

RBC in Toronto seeks a Director, Model Enhancement & Governance to lead the transformation of provisioning models and processes. You will establish governance standards, coordinate with Model Risk Management, Internal Audit, and business teams to ensure compliant documentation, and drive improvements to IFRS9 and CECL provisioning programs.

You will mentor teams, report on governance metrics, and stay current with regulatory developments to elevate RBC's risk governance maturity.