Senior Manager, Financial Crimes Model Validation

RBC; Toronto; On-site; CAD 80,000 - 120,000; Full time

Job summary

An established industry player is seeking a Senior Manager for Global Financial Crimes Model Validation. In this pivotal role, you will lead a team dedicated to validating financial crime models, ensuring compliance with AML regulations, and optimizing processes to safeguard against financial crimes. Your expertise will guide the team in rigorous testing and validation, while collaborating with stakeholders to drive continuous improvement. Join a dynamic and progressive environment where your contributions will make a lasting impact on the organization and the communities it serves.

Benefits

Comprehensive Total Rewards Program

Flexible benefits

Competitive compensation

Ability to make a difference

Dynamic team environment

Qualifications

• Bachelor's degree in a relevant field such as Finance or Data Science.
• Strong knowledge of AML regulations and processes.
• Experience with model validation and risk analysis.

Responsibilities

• Lead a team in validating and optimizing financial crime models.
• Ensure compliance with regulatory requirements and internal policies.
• Collaborate with stakeholders to provide actionable recommendations.

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

Education

Bachelor’s degree in Finance

Bachelor’s degree in Data Science

Job description

Job Summary

Job Description

What is the opportunity?

As the Senior Manager of Global Financial Crimes Model Validation, you will lead a team of experts in validating and optimizing our FC models. Your deep understanding of AML processes, regulatory expectations, and industry trends will drive our success in safeguarding against financial crimes.

What will you do?

• Coach and guide our FC model validation program team members, ensuring rigorous challenge processes aligned with Enterprise Risk Management policies and regulatory requirements.
• Validate AML model development rules and 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 deep 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.
• Support FC Model Validation initiatives under the guidance of senior leadership.
• Manage the EMRM inventory system, ensuring robust change management procedures.
• Provide metrics and reporting support for the FC program.
• Facilitate compliance with requirements for remediating open model risk issues.
• Dive into internal and external data sources, becoming familiar with their nuances to deliver accurate results.
• Oversee 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

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, commissions.

• Ability to make a difference and lasting impact.

• Work in a dynamic, 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:

2025-05-05

Application Deadline:

2025-05-20

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.

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