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About the Role

The Director, Model Risk role is within the 1LOD Cross-Business Controls & Enablement team under the Consolidated US Operations (CUSO) Chief Control Office (CCO). The role ensures RBC’s control environment associated with Model Risk is fit for purpose and operating effectively across 1LOD for CUSO and global Capital Markets, with significant stakeholder interaction across various business lines and the Three Lines of Defense.

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.

Requirements

8-10 years of experience in Financial Services, with 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.
Strong knowledge of quantitative modeling techniques.

Skills

Adaptability
Critical Thinking
Customer Service
Detail-Oriented
Financial Engineering
Financial Statement Analysis
Investments Analysis
Personal Development
Personal Initiative
Teamwork

Location

New York, NY
Jersey City, NJ

Work Type

Full time

Experience Level

8-10 years of experience in Financial Services
at least 3 years dedicated to supporting Model Risk management activities

Salary/Compensations

$185,000 - $260,000

Benefits

bonuses
flexible benefits
competitive compensation
commissions
stock where applicable
Leaders who support your development through coaching and managing opportunities
Ability to make a difference and lasting impact
Work in a dynamic, collaborative, progressive, and high-performing team
Opportunities to do challenging work
Opportunities to building close relationships with clients
401(k) program with company-matching contributions
health, dental, vision, life and disability insurance
paid time-off plan

About the Company

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.
RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:
RBC’s high performance culture
Enables collective achievement of our strategic goals
Generates sustainable shareholder returns and above market shareholder value
At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC.
We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world.
Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities.
RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.