Senior AML Model Validation Leader — Financial Crimes

RBC; Toronto; On-site; CAD 140,000 - 190,000; Full time

Job summary

RBC in Toronto seeks a Senior Manager of Global Financial Crimes Model Validation to lead validation activities and ensure the ongoing effectiveness of the financial crimes monitoring program. You will report to the Director of AML Model Validation as an individual contributor and implement risk management practices for models and related frameworks.

Your deep AML knowledge, experience in model validation, and data manipulation skills will drive improvements, ensuring compliance with regulations

Qualifications

• Bachelor’s degree in Finance, Data Science, or related field.
• Strong knowledge of AML regulations and processes.
• Experience with model validation, risk analysis, and data manipulation.
• Excellent communication and collaboration skills.

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 with stakeholders to understand model requirements and provide actionable recommendations based on model assessments.
• 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 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.

Skills

AML knowledge

Model validation

Data analysis

Communication

Education

Bachelor’s degree

Job description

RBC in Toronto seeks a Senior Manager of Global Financial Crimes Model Validation to lead validation activities and ensure the ongoing effectiveness of the financial crimes monitoring program. You will report to the Director of AML Model Validation as an individual contributor and implement risk management practices for models and related frameworks.

Your deep AML knowledge, experience in model validation, and data manipulation skills will drive improvements, ensuring compliance with regulations