Sr. Audit Manager - Model Risk CoE

RBC; Toronto; On-site; CAD 100,000 - 160,000; Full time

Benefits offered by this job

Total Rewards Program

Bonuses and stock where applicable

Job summary

RBC in Toronto seeks an Internal Auditor to develop and execute a risk-based audit plan for US Model Risk Management. You will assess governance, risk management, and controls across models used for regulatory capital, IFRS 9/CECL, and liquidity risk.

Working knowledge of Python or R will aid data analysis; regulatory knowledge in Canada, the US and UK is valued. This is a full-time role in a collaborative bank environment.

Qualifications

• Bachelor-level degree in Finance, Mathematics, Physics, or related field.
• Experience in model risk management or regulatory/compliance.
• Knowledge of AML, Market Risk, Credit Risk, or related areas is a plus.

Responsibilities

• Develop and execute a risk-based audit plan for Model Risk management.
• Assess governance, risk management, and controls across models used for capital and risk.
• Validate model development and validation activities and documentation.
• Engage with stakeholders to provide continuous assurance and advisory.

Skills

Adaptability

Auditing

Commercial Acumen

Communication

Detail-Oriented

Internal Controls

Interpersonal Relationship Management

Long Term Planning

Results-Oriented

Education

Quantitative degree

Tools

Python

R

Job description

Job Description

• What is the opportunity?

• Develop and execute a risk-based audit plan for US Model Risk Management

• Through in-depth understanding of the business including changes to the US regulatory and business environments, develop and maintain standard audit programs to provide assurance over design and operating effectiveness of Model Risk Management controls related to business processes.

• Lead and execute audits covering model risk management, quantitative models, AI, and model governance across the US. Evaluate the effectiveness of governance, risk management, and internal controls supporting models used for regulatory capital, CCAR, IFRS 9/CECL, market risk, credit risk, liquidity risk, ALM, operational risk, fraud, AML, stress testing and AI/ML purposes.

• 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.

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

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

• Evidence 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.

• Risk Management or Regulatory/Compliance experience – Experience in any one of AML, CCR & Market Risk, Credit Risk, Stress Testing, Valuation and Liquidity & Funding Risk. In either 1st or 2nd line of defense.

• Knowledge of legislation and regulations relating to model risk management in Canada, USA and UK.

• Ability to work to meet regulatory deadlines and communicate effectively with the key stakeholders.

• Self-motivated - able to work and learn independently, communicate and collaborate effectively with others at all levels in the organization.

• 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.

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissionsand stock where applicable.

• Work with and learn from our extensive global network of people, including risk management professionals, data scientists, researchers, and various subject matter experts.

• Leaders who support your development through coaching and managing opportunities.

• Opportunities to do challenging work.

#LIPost

Job Skills

Adaptability, Auditing, Commercial Acumen, Communication, Detail-Oriented, Internal Controls, Interpersonal Relationship Management, Long Term Planning, Results-Oriented

Additional Job 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:

2026-07-14

Application Deadline:

2026-10-30

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.