Senior Manager, AML Model Validation

Socket.dev; Toronto; On-site; CAD 120,000 - 180,000; Full time

Benefits offered by this job

Total Rewards Program

Flexible benefits

Career development opportunities

Collaborative team culture

Job summary

RBC is seeking a Senior Manager of Global Financial Crimes Model Validation in Toronto to lead the validation of AML models and ensure ongoing effectiveness of the monitoring program. You will work under the Director of AML Model Validation, applying regulatory awareness and industry trends to protect the organization from financial crimes.

You will collaborate with FC developers, risk managers, and IT to drive project outcomes, document findings, and support remediation of model risk issues

Qualifications

• Bachelor’s degree in a relevant field and strong AML knowledge.
• Experience validating models, risk analyses and data manipulation.
• Excellent communication and collaboration capabilities.
• Ability to translate regulatory requirements into actions.

Responsibilities

• Validate AML models including transaction monitoring, client risk rating, and screening.
• Rigorously test models to assess output quality and provide assurance on alert effectiveness.
• Ensure initiatives align with regulatory requirements and internal policies.
• Leverage FC knowledge to drive project outcomes and continuous improvement.
• Act as advisor to FC model developers and users, aligning with business objectives.
• Collaborate with stakeholders to understand model requirements and provide recommendations.

Skills

Anti-Money Laundering

Communication

Data Gathering Analysis

Detail-Oriented

Financial Regulation

Fraud Risk Management

Group Problem Solving

Internal Controls

Operational Integrity

Process Management

Education

Bachelor’s degree in Finance or Data Science

Job description

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.

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

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.