Senior Manager, AML Model Validation

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

What is the opportunity?

As the Senior Manager of Global Financial Crimes Model Validation, you will support daily execution to ensure that RBC is maintaining the ongoing effectiveness of Financial Crimes monitoring program. You will report to the Director of AML Model Validation as an individual contributor and will implement and execute substantive financial crimes risk management practices relevant to models and related frameworks. Your understanding of AML processes, regulatory expectations, and industry trends will drive our success in safeguarding against financial crimes.

Job Description

As the Senior Manager of Global Financial Crimes Model Validation, you will support daily execution to ensure that RBC is maintaining the ongoing effectiveness of Financial Crimes monitoring program. You will report to the Director of AML Model Validation as an individual contributor and will implement and execute substantive financial crimes risk management practices relevant to models and related frameworks. Your understanding of AML processes, regulatory expectations, and industry trends will drive our success in safeguarding against financial crimes.

What will you do?

• 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 closely with stakeholders to understand model requirements, and provide actionable recommendations based on model assessments, contributing to continuous improvement.
• 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, becoming familiar with their nuances 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 in FC model validation.
• Stay abreast of emerging FC model validation trends and industry developments.

What do you need to succeed?

• Bachelor’s degree in a relevant field (Finance, Data Science, etc.)
• Strong knowledge of AML regulations and processes
• Experience with model validation, risk analysis, and data manipulation
• Excellent communication skills and ability to work collaboratively.

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, flexible benefits and competitive compensation
• Leaders who support your development through coaching and managing opportunities
• Opportunity to make a difference and have a lasting impact
• Work in a dynamic and challenging work environment with a collaborative, progressive, and high-performing team

Job Skills

Anti-Money Laundering (AML), Communication, Data Gathering Analysis, Detail-Oriented, Financial Regulation, Fraud Risk Management, Group Problem Solving, Internal Controls, Operational Integrity, Process Management

Additional Job Details

• Address: 20 KING 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: 2026-07-23
• Application Deadline: 2026-10-03
• 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.