Senior Director, Internal Audit - Enterprise Model Risk

What is the opportunity?

As Senior Director, Internal Audit - Model Risk you will be a Strategic leader, with global impact, who is providing independent and objective evaluation of the adequacy and effectiveness of the model risk management practices. This includes the assurance strategy and coverage of RBC's Enterprise Model Risk management practices across the first and second lines of defense. You will lead the IA model risk centre of excellence and related audit strategy including providing support for enterprise and regional audit teams. As a senior leader within IA and an expert on model risks you will provide insights to the Audit Group and work closely with the global audit teams to ensure adequate coverage of model related processes and controls. You will lead and build a high performing team and develop talent for covering Model Risk.

The RBC Internal Audit team leverages a unique perspective— with a coordinated view across the entire business—to deliver valuable advice that not only gives assurance, but that illuminates a bigger picture, connects dots, builds best practices and broadens possibilities. We connect intelligence to protect and enable RBC.

What will you do?

• Lead, develop and execute the Internal Audit strategy and coverage of Model Risk processes and controls including model risk management.
• Ensure assurance activities including risk assessments, annual planning, audits, continuous risk monitoring and issue validation are executed effectively, timely and in compliance with internal audit methodology and expectations.
• Provide leadership, professional guidance, development opportunities and career plans to a talented team of Internal Audit Directors and Senior Managers. The team has specialized skills in model risk management practices.
• Collaborate and partner with regional and business audit teams to ensure holistic coverage of model risks across the first and second lines of defence.
• Develop and deepen relationships with key internal stakeholders through on-going communication on assurance activities and related emerging risks and controls.
• Make recommendations to Executives that will have a significant impact on the enterprise.
• Drive thought leadership on model risk management and controls and related top and emerging risks through regular interaction with internal stakeholders, industry associations and peer organizations.
• Serve as a key person in IA responsible for interactions with OSFI on model risk topics and provide support to Internal Audit interactions with regional regulators.

What do you need to succeed?

Must-have

• Leadership, People Management, Relationship building and client experience
• Business experience in a financial institution dealing with multiple business platforms, business processes, as evidenced by 10--15 years relevant experience.
• Model Risk Management experience
• Audit experience (strategic planning through reporting) in a senior leadership role
• Experience dealing with Regulators - OSFI and / or key global regulators
• Knowledge of stress testing and market/counterparty credit risk capital regulations.

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
• 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
• Flexible work/life balance options

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