Associate Director, Model Risk Governance

What is the opportunity?

As part of the Group Risk Management (GRM) team, the Associate Director, Model Risk Governance (MRG) will be responsible for managing day-to-day operational and tactical aspects of multiple projects in support of the Enterprise Model Risk Management group, including model validation governance. Plans, directs, and coordinates Model Risk Management (MRM) review activities to ensure project and risk objectives are accomplished within approved timeframes and to model risk policy and standards.

As a member of a dynamic, fast paced team, the Senior Analyst, MRG is expected to pursue excellence in the delivery of work, demonstrate strong written and verbal communication skills, a strong work ethic and a demonstrated capability to multi-task effectively. This role requires strong interpersonal, organizational and problem-solving skills as well as a demonstrated sense of urgency to respond to time sensitive priorities. This is complemented by a positive attitude and a willingness to take accountability for results achieved.

What will you do?

• Assist the team in managing the group's model validation pipeline, focusing on proactive management of business priorities, compliance dates, and regulatory requirements,
• Manage the centralized model inventory for RBC Enterprise-wide models across business segments, ensuring it is up to date and model information is accurate and complete. Establish and maintain effective partnerships with model owners, business unit risk managers, model users and audit (internal/external).
• Articulate RBC Model Risk Policy and Model Documentation and Development Standards to business units and identify areas where the practice is not meeting the policy.
• Lead and contribute to various model risk project initiatives by
  • Translating high-level analytics and risk asks into actionable pieces, providing a curated risk approach/control that is aligned with business needs and senior leadership strategy.
  • Steering project management team(s) and other stakeholders in alignment with strategy, policies, and regulations to drive successful deliverables.
• Support the Director of MRG, with various deliverable and day to day model risk management.
• Contribute to the continuous enhancements of Model Risk Policy, Standards and Procedures

What do you need to succeed?

Must-have

• Hold a university degree (preferably an advanced degree in a financial and/or related discipline
• 4-6 years' experience with leading projects
• Strong verbal and written communication skills and proven interpersonal skills
• Expert MS Word, Excel and PowerPoint user
• Outstanding analytical and organizational skills with an attention to detail. Tenacity to identify the root cause of problems is essential
• Ability to execute with urgency while maintaining quality and efficiency
• Strong knowledge of Model risk guidelines; OSFI's E-23 & FRB's SR11-7

Nice-to-have

• FRM or PRM certification

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 and competitive compensation
• Leaders who support your development through coaching and managing opportunities
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work

Job Skills

Additional Job Details

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