Operational Due Diligence Analyst

Albourne; Toronto; On-site; CAD 100,000 - 130,000; Full time

Job summary

A leading financial institution in Toronto is looking for a Senior Manager within the Model Risk Audit Team. You will be responsible for assessing the effectiveness of model risk practices and internal controls across various models, including AML and Credit Risk. The ideal candidate will have 5-7 years of internal audit experience, particularly in model risk, and a relevant quantitative degree. The position offers flexible benefits and competitive compensation.

Benefits

Comprehensive Total Rewards Program

Competitive compensation

Flexible work/life balance options

Coaching and development opportunities

Qualifications

• 5-7 years of internal audit experience with 3 years in model risk.
• Strong track record of validating model types including AML and Credit Risk.
• Knowledge of model risk management regulations.

Responsibilities

• Contribute to the development of a risk-based audit approach.
• Assess internal controls throughout the model lifecycle.
• Plan and execute technical audit engagements.

Skills

Internal audit experience

Model risk validation

Knowledge of legislation and regulations

Machine learning techniques

Programming in Python

Education

Quantitative Degree in Finance/Mathematics/Physics

Job description

Job details

Job type: Full-time

Location

Toronto, ON M9W 0A4

Full job description

Job Description

What is the opportunity?

RBC's Internal Audit department is hiring a Senior Manager within the Model Risk Audit Team to support US Operations. You will provide an independent and objective assessment of the effectiveness of Model Risk practices within the first and second line of defense across RBC.

This includes assessing the effectiveness of internal controls throughout the model lifecycle; identification, development, documentation, validation, implementation, and performance monitoring & use. You will also contribute to the assessment of the effectiveness of model risk management practices with focus on AML, Credit Risk, Artificial Intelligence & Machine Learning (AI/ML), Stress Testing, Valuation, Market Risk, Liquidity Risk and Counterparty Credit Risk models.

What will you do?

Contribute to the development of a risk-based multi-year approach to the audit of Model Risk Management within RBC.

Through in-depth understanding of the business including changes to the regulatory and business environments, develop model audit programs to ensure effective control solutions are implemented.

Contribute to effective continuous risk monitoring and continuous assurance on overall Model Risk Management controls.

Provide input on the assessment of the effectiveness of model development and model validation activities; including quality of supporting documentation, modelling methodologies, margins of conservatism, parameter choices, testing and the wide range of other modelling decisions that are made.

Plan and execute technical audit engagements related to a broad range of models including those used in AML, capital markets, market risk, credit risk, regulatory capital, IFRS 9/CECL, CCAR, stress testing, AI/ML, finance, insurance and treasury

Continually develop working relationship with business stakeholders to become a trusted advisor.

What do you need to succeed?

Must-Haves:

5-7 years of internal audit experience with at least 3 years dedicated to model risk

A strong track record of having validated and/or developed any of the following model types: AML, Market Risk, Credit Risk, Data Science AI/ML, Capital Risk, Treasury (Interest rate risk and/or liquidity risk), Valuation, Insurance, Stress Testing.

Knowledge of relevant legislation and regulations relating to model risk management

Nice to have:

Working knowledge in machine learning techniques, programming in Python, R.

Working knowledge of Internal Audit Services practices, policies, procedures and systems with Internal Audit experience in Banking or Capital Market.

Quantitative Degree in Finance/Mathematics/Physics/etc.

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
• Leaders who support your development through coaching and managing opportunities
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work
• Flexible work/life balance options

Other details

Address: 20 KING ST W:TORONTO

City: Toronto

Country: Canada

Work hours/week: 37.5

Employment Type: Full time

Platform: INTERNAL AUDIT

Job Type: Regular

Pay Type: Salaried

Posted Date: 2025-05-23

Application Deadline: 2025-09-12

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.