Job Summary

Establishes, implements and manages business unit  AML programs to prevent illegal, unethical, or improper business practices. Applies experience and seasoned knowledge, skills, and practices to perform a variety of assignments.

Job Description

What is the opportunity?

As a Manager of Global Financial Crimes Model Validation you will support daily execution within the team to ensure that RBC is maintaining the ongoing effectiveness of Financial Crimes monitoring program. You will report to the Senior Manager of AML Model Validation as an individual contributor, and will implement and execute substantive financial crimes risk management practices relevant to models and related Frameworks. This includes the defining and scoping the validation required of new/existing models. You provide continuous close support to Global FC Validation team by implementing successful FC strategies within RBC.

What will you do?

Conduct Model Validation:

Validate Financial Crime models, including Transaction Monitoring, Client Risk Rating, and Sanction Screening.Ensure model outputs comply with regulatory and business requirements.

Risk Assessment and Proactive Challenges:

Proactively challenge financial crime models and methodologies.Detect and counteract emerging risks related to financial crimes and continuously assess RBC’s risk exposure.

Effective Communication and Documentation:

Articulate the scope and approach of enterprise-wide model validation to RBC Management, External Regulators, and Internal Audit.Develop clear concepts, execute plans efficiently, and deliver organized results.Collaborate with AML Model Validation Senior Managers and Directors to make model-related decisions.Communicate inherent model risks and limitations effectively.Develop and challenge assumptions, conceptual soundness, model performance and process and evaluate metrics during each validation and document results in validation reports.

Innovation and Industry Trends:

Contribute to research and development with risk-focused techniques.Demonstrate key competencies: Adaptability, Change Management, Teamwork & Collaboration, Problem Solving, and Planning.Establish individual goals, drive performance management, support career development, and reward strong performance.Collaborate cross-enterprise teams for better solutions.

What do you need to succeed?

3+ years of related Financial Crimes experienceStrong written and oral communication skills; business writing experienceStrong interpersonal and analytical skillsGood working knowledge of Microsoft suite and other data mining applications (SAS, Python, R, and SQL)Knowledge of regulations related to Financial CrimesBachelor’s degree in a relevant field (Finance, Data Science, etc.)

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 compensationLeaders who support your development through coaching and managing opportunitiesWork in a dynamic, collaborative, progressive, and high-performing teamOpportunities to do challenging work

Job Skills

Anti-Money Laundering (AML), Communication, Data Gathering Analysis, Detail-Oriented, Financial Regulation, Fraud Risk Management, Group Problem Solving, Internal Controls, Operational Integrity, Process Management

Additional Job Details

Address:

120 WESTERN PKY:BEDFORD

City:

BEDFORD

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-03-07

Application Deadline:

2025-03-22

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

Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
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We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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