Senior Audit Manager, Model Risk

RBC Capital Markets, LLC; Jersey City, Providence (NJ, RI); Hybrid; USD 110,000 - 190,000; Full time

Job summary

An established industry player is seeking a Senior Manager for their Model Risk Audit Team. This role involves assessing internal controls throughout the model lifecycle, focusing on AML, Credit Risk, AI/ML, and more. You will develop audit programs, support continuous risk monitoring, and build relationships with stakeholders. The company offers a comprehensive rewards program and a collaborative environment, making this an exciting opportunity for those looking to make a significant impact in the financial sector.

Benefits

Comprehensive Total Rewards Program

Supportive Leadership

Collaborative Team Environment

Qualifications

• 5-7 years of internal audit experience, with at least 3 years in model risk.
• Experience validating or developing models in AML, Market Risk, and Credit Risk.

Responsibilities

• Develop a risk-based multi-year audit approach for Model Risk Management.
• Assess effectiveness of model development and validation activities.

Skills

Adaptability

Auditing

Commercial Acumen

Communication

Detail-Oriented

Internal Controls

Interpersonal Relationship Management

Long Term Planning

Model Risk

Results-Oriented

Education

Quantitative degree in Finance, Mathematics, Physics, etc.

Tools

Python

R

Job description

Job Summary

RBC Internal Audit is hiring a Senior Manager within the Model Risk Audit Team. You will provide an independent and objective assessment of the effectiveness of Model Risk practices within the first and second line of defense across RBC.

Job Description

What is the opportunity?

You will assess internal controls throughout the model lifecycle, including identification, development, documentation, validation, implementation, and performance monitoring & use. You will contribute to evaluating model risk management practices, focusing on AML, Credit Risk, AI/ML, Stress Testing, Valuation, Market Risk, Liquidity Risk, and Counterparty Credit Risk models.

What will you do?

• Develop a risk-based multi-year audit approach for Model Risk Management.
• Create model audit programs based on understanding of business and regulatory changes.
• Support continuous risk monitoring and assurance on Model Risk Management controls.
• Assess effectiveness of model development and validation activities, including documentation quality and modeling decisions.
• Plan and execute audits on models used in AML, capital markets, risk, IFRS 9/CECL, CCAR, AI/ML, finance, insurance, and treasury.
• Build relationships with stakeholders to become a trusted advisor.

What do you need to succeed?

Must-Haves:

• 5-7 years of internal audit experience, with at least 3 years in model risk.
• Experience validating or developing models in AML, Market Risk, Credit Risk, Data Science AI/ML, Capital Risk, Treasury, Valuation, Insurance, Stress Testing.
• Knowledge of relevant legislation and regulations.

Nice to have:

• Knowledge of machine learning techniques and programming in Python, R.
• Experience with Internal Audit practices in Banking or Capital Markets.
• Quantitative degree in Finance, Mathematics, Physics, etc.

What's in it for you?

We offer a comprehensive Total Rewards Program, supportive leadership, opportunities to make an impact, and a collaborative team environment. The salary range is $110,000-$190,000, with potential for additional earnings through discretionary bonuses.

Our compensation philosophy aims to attract, engage, and retain top talent, fostering high performance and shareholder value.

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Job Skills

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

Additional Job Details

Address: GOLDMAN SACHS TOWER, 30 HUDSON STREET, JERSEY CITY

City: Jersey City

Country: United States of America

Work hours/week: 40

Employment Type: Full time

Platform: INTERNAL AUDIT

Job Type: Regular

Pay Type: Salaried

Posted Date: 2025-04-29

Application Deadline: 2025-05-30

Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

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