Director, Model Risk

Jobtailor; New Jersey; On-site; USD 150,000 - 190,000; Full time

Job summary

Jobtailor in the United States is seeking an experienced Model Risk professional to design, operationalize, and strengthen 1LOD processes and controls in line with enterprise risk requirements.

You will lead governance activities, drive risk metrics, and collaborate with stakeholders to align policies and drive improvements across entities, including AI-related considerations and regulatory readiness.

Qualifications

• Demonstrated ability to translate complex technical concepts into clear materials or briefings for senior management and/or risk governance.
• Strong quantitative skills coupled with ability to overlay qualitative considerations to inform risk-based judgment.
• Excellent project management and communication skills.

Responsibilities

• Design and/or operationalize 1LOD processes and key controls in line with enterprise Model Risk requirements and RBC's Model Risk Transformation
• Strengthen 1LOD accountability in Model Risk, including increasing awareness of Model Risk-related requirements and roles and responsibilities
• Lead or monitor key 1LOD control execution and governance activities (e.g., model inventories) and enhance the control environment as applicable
• Review enterprise requirements and collaborate with key stakeholders to drive or influence policy, standard, and process alignment and simplification across CUSO entities
• Drive or influence enhanced risk metrics to ensure comprehensive risk coverage and accurate reflection of the Model Risk profile
• Partner with key stakeholders to shape how generative and agentic AI-related considerations are integrated into RBC's Model Risk management's processes and controls
• Lead 1LOD risk profile reporting and develop data-driven insights; also support RBC's risk appetite reporting processes, including driving consistent risk narratives where applicable
• Lead and/or contribute to Working Groups and targeted initiatives
• Promote the use and integration of Technology tools to increase efficiency and effectiveness
• Lead and/or coordinate responses to regulatory exams and internal reviews; develop remediation plans as applicable

Skills

Model Risk Management

Quantitative Skills

Analytical Problem-Solving

Project Management

Communication Skills

Tools

Technology Tools Integration

Job description

• Design and/or operationalize 1LOD processes and key controls in line with enterprise Model Risk requirements and RBC's Model Risk Transformation
• Strengthen 1LOD accountability in Model Risk, including increasing awareness of Model Risk-related requirements and roles and responsibilities
• Lead or monitor key 1LOD control execution and governance activities (e.g., model inventories) and enhance the control environment as applicable
• Review enterprise requirements and collaborate with key stakeholders to drive or influence policy, standard, and process alignment and simplification across CUSO entities
• Drive or influence enhanced risk metrics to ensure comprehensive risk coverage and accurate reflection of the Model Risk profile
• Partner with key stakeholders to shape how generative and agentic AI-related considerations are integrated into RBC's Model Risk management's processes and controls
• Lead 1LOD risk profile reporting and develop data-driven insights; also support RBC's risk appetite reporting processes, including driving consistent risk narratives where applicable
• Lead and/or contribute to Working Groups and targeted initiatives
• Promote the use and integration of Technology tools to increase efficiency and effectiveness
• Lead and/or coordinate responses to regulatory exams and internal reviews; develop remediation plans as applicable

Requirements

• 8-10 years of experience in Financial Services
• At least 3 years dedicated to supporting Model Risk management activities
• Strong quantitative skills coupled with ability to overlay relevant qualitative considerations to inform risk-based judgment
• Demonstrated ability to translate complex technical concepts into clear materials or briefings for senior management and/or risk governance
• Strong analytical and problem-solving skills (including root cause analysis) with keen attention to detail
• Demonstrated capability to work in a dynamic, fast-paced environment with multiple priorities
• Demonstrated ability to lead structured and outcomes-oriented meetings
• Excellent project management and communication skills
• Preferred: Strong knowledge of quantitative modeling techniques.

Core Competencies

Demonstrates extensive experience in Model Risk management, with strong quantitative and analytical skills to inform risk-based judgments. Capable of leading initiatives, enhancing control environments, and effectively communicating complex concepts to senior management.

Highest-signal resume keywords

• Model Risk Management
• Quantitative Skills
• Analytical Problem-Solving
• Project Management
• Communication Skills

ATS Optimization Keywords

Hard Skills

• Quantitative Modeling Techniques
• Risk Metrics Development
• Data-Driven Insights
• Root Cause Analysis
• Control Execution
• Governance Activities
• Policy Alignment
• Risk Appetite Reporting
• 1LOD Processes
• Model Inventories

Soft Skills

• Attention to Detail
• Dynamic Environment Adaptability
• Structured Meeting Leadership

Industry Keywords

• Financial Services
• Model Risk Transformation
• Regulatory Exams
• Internal Reviews
• Risk Governance

Tools & Technologies

• Technology Tools Integration