As part of the Enterprise Model Risk Management (EMRM) team within Group Risk Management (GRM), the Associate Director will be primarily responsible for carrying out independent validation of models ...
As part of the Enterprise Model Risk Management (EMRM) team within Group Risk Management (GRM), the Associate Director will be primarily responsible for carrying out independent validation of models ...
Join RBC's Enterprise Model Risk Management (EMRM) team as a manager. This role offers you the chance to ensure oversight of model risk, ensuring the integrity and efficacy of various quantitative ...
Join RBC's Enterprise Model Risk Management (EMRM) team as a manager. This role offers you the chance to ensure oversight of model risk, ensuring the integrity and efficacy of various quantitative ...
As an Associate Director / Senior Analyst, Enterprise Model Risk Management (EMRM) in our Group Risk Management (GRM) team, you will execute and document validations of the Bank's enterprise-wide ...
As an Associate Director / Senior Analyst, Enterprise Model Risk Management (EMRM) in our Group Risk Management (GRM) team, you will execute and document validations of the Bank's enterprise-wide ...
AVP, Model Risk Governance
Toronto, ON · On-site
CA$155K - CA$215K/yr
Risk Management Pay Details: $155,000 - $215,000 CAD TD is committed to providing fair and ... Direct, train and develop staff to enable them to meet challenges, department objectives and ...
AVP, Model Risk Governance
Toronto, ON · On-site
CA$155K - CA$215K/yr
Risk Management Pay Details: $155,000 - $215,000 CAD TD is committed to providing fair and ... Direct, train and develop staff to enable them to meet challenges, department objectives and ...
Model Risk Management: * Developing, maintaining, and implementing the Bank's Model Risk Management Program covering Wholesale Credit risk models which are used for supporting risk scoring, decision ...
Model Risk Management: * Developing, maintaining, and implementing the Bank's Model Risk Management Program covering Wholesale Credit risk models which are used for supporting risk scoring, decision ...
Policy & Internal Document Management, Processes, and Controls * Lead the design, review, and ... Proactive, self-directed, and able to work independently and collaboratively within a team.
Policy & Internal Document Management, Processes, and Controls * Lead the design, review, and ... Proactive, self-directed, and able to work independently and collaboratively within a team.
... Modeling, Business Analytics, Credit Analysis, Financial Regulation, Internal Auditing, Investment Risk Management, Predictive Analytics, Risk Management, Standard Operating Procedure (SOP ...
... Modeling, Business Analytics, Credit Analysis, Financial Regulation, Internal Auditing, Investment Risk Management, Predictive Analytics, Risk Management, Standard Operating Procedure (SOP ...
Model Risk Specialist
CA$61K - CA$113K/yr
Assesses model's capabilities, stress points and limitations; assesses the associated model risk ... Develops and maintains in-depth knowledge of business and related risk management requirements and ...
Model Risk Specialist
CA$61K - CA$113K/yr
Assesses model's capabilities, stress points and limitations; assesses the associated model risk ... Develops and maintains in-depth knowledge of business and related risk management requirements and ...
Audit, Risk & Compliance Performs validation of models and assesses model risk to confirm model ... Builds change management plans of varying scope and type; leads or participates in a variety of ...
Audit, Risk & Compliance Performs validation of models and assesses model risk to confirm model ... Builds change management plans of varying scope and type; leads or participates in a variety of ...
Manulife is seeking a Director, Information Risk Management, as a Line 2 leadership role ... Ensure strong alignment between data governance, data risk, model risk, and information security
Manulife is seeking a Director, Information Risk Management, as a Line 2 leadership role ... Ensure strong alignment between data governance, data risk, model risk, and information security
Senior Actuarial Analyst, TD Insurance Analytics and Model Risk Oversight
Toronto, ON · On-site
CA$130/hr
Department Overview TDI Insurance Risk Management is accountable for the Insurance Risk management ... TDI IRM is also accountable of TDI Models oversight within TD Model Risk Management. IRM has a ...
Senior Actuarial Analyst, TD Insurance Analytics and Model Risk Oversight
Toronto, ON · On-site
CA$130/hr
Department Overview TDI Insurance Risk Management is accountable for the Insurance Risk management ... TDI IRM is also accountable of TDI Models oversight within TD Model Risk Management. IRM has a ...
A failure to effectively prepare for and manage emerging model risk related to AI would subject RBC to financial, regulatory, and reputational risks and, as a result, RBC would not be able to provide ...
A failure to effectively prepare for and manage emerging model risk related to AI would subject RBC to financial, regulatory, and reputational risks and, as a result, RBC would not be able to provide ...
Develops and monitors the model risk management and governance framework and practices leveraged across BMO. Develops and implements policies and standards, methodologies, and controls that increase ...
Develops and monitors the model risk management and governance framework and practices leveraged across BMO. Develops and implements policies and standards, methodologies, and controls that increase ...
... Model risk management / Treasury and balance sheet management /IRRBB CCAR * Strong knowledge of Capital Markets /Financial Services industry across various businesses with direct experience.
... Model risk management / Treasury and balance sheet management /IRRBB CCAR * Strong knowledge of Capital Markets /Financial Services industry across various businesses with direct experience.
Director, Risk Management
Burlington, ON · On-site
The Director, Risk Management will lead the core ERM processes, including the risk taxonomy, risk register, risk assessment process, key risk indicators, remediation tracking, and risk reporting ...
Director, Risk Management
Burlington, ON · On-site
The Director, Risk Management will lead the core ERM processes, including the risk taxonomy, risk register, risk assessment process, key risk indicators, remediation tracking, and risk reporting ...
Director, Model Validation
Toronto, ON · Hybrid
CA$121K - CA$211K/yr
... management to ensure transparency and understanding of models and model risks. Assesses model's capabilities, stress points and limitations; assesses the associated model risk and the controls in ...
Director, Model Validation
Toronto, ON · Hybrid
CA$121K - CA$211K/yr
... management to ensure transparency and understanding of models and model risks. Assesses model's capabilities, stress points and limitations; assesses the associated model risk and the controls in ...
... Model Risk Management Framework, e.g., all AML and fraud models used by the bank are validated and approved and issues identified are mitigated properly. * Support the MV Director to ensure all ...
... Model Risk Management Framework, e.g., all AML and fraud models used by the bank are validated and approved and issues identified are mitigated properly. * Support the MV Director to ensure all ...
Director, Risk Management
Toronto, ON · Hybrid
CA$140K - CA$260K/yr
Permanent Work Model: Hybrid Reference code: 133220 Primary Location: Toronto, ON All Available ... As a member of the leadership team you will spend your time helping manage the risk for the service ...
Director, Risk Management
Toronto, ON · Hybrid
CA$140K - CA$260K/yr
Permanent Work Model: Hybrid Reference code: 133220 Primary Location: Toronto, ON All Available ... As a member of the leadership team you will spend your time helping manage the risk for the service ...
Director, Model Validation
Toronto, ON · Hybrid
CA$121K - CA$211K/yr
... management to ensure transparency and understanding of models and model risks. Assesses model's capabilities, stress points and limitations; assesses the associated model risk and the controls in ...
Director, Model Validation
Toronto, ON · Hybrid
CA$121K - CA$211K/yr
... management to ensure transparency and understanding of models and model risks. Assesses model's capabilities, stress points and limitations; assesses the associated model risk and the controls in ...
... Modeling, Business Analytics, Credit Analysis, Financial Regulation, Internal Auditing, Investment Risk Management, Predictive Analytics, Risk Management, Standard Operating Procedure (SOP ...
... Modeling, Business Analytics, Credit Analysis, Financial Regulation, Internal Auditing, Investment Risk Management, Predictive Analytics, Risk Management, Standard Operating Procedure (SOP ...
Director Model Risk Management information
What is the difference between Director Model Risk Management vs Model Validation Manager?
| Aspect | Director Model Risk Management | Model Validation Manager |
|---|---|---|
| Credentials | Advanced degrees (e.g., Master’s, PhD), certifications like FRM or CFA | Similar credentials, often with FRM or CFA |
| Work Environment | Strategic oversight, cross-department collaboration, senior leadership | Technical validation, model testing, detailed analysis |
| Industry Usage | Used in banking, finance, risk management departments | Common in model development and validation teams |
| Search/Comparison Intent | Understanding leadership roles in risk management | Focus on technical validation and model testing |
The main difference is that the Director Model Risk Management oversees the entire model risk framework, providing strategic guidance and leadership, while the Model Validation Manager focuses on technical validation and testing of models. Both roles require similar credentials and are integral to risk management in financial institutions, but they differ in scope and responsibilities.
Job description
Job Description
What is the opportunity?
As part of the Enterprise Model Risk Management (EMRM) team within Group Risk Management (GRM), the Associate Director will be primarily responsible for carrying out independent validation of models withing the Market and Counterparty Credit Risk model categories as well as the Wealth Management business.
What will you do?
- Engage relevant model developer/owners and users across market risk, counterparty credit risk and/or wealth management model categories as necessary to acquire and maintain a thorough understanding of the flow and context of model usage by the business.
- Perform independent validation, delivering effective challenge to understand all key sources of model uncertainty and ensure that model usage adheres to RBC model risk policy.
- Deliver clear, well written validation reports with sound conclusions based on assessment and testing outcomes.
- Complete projects within stated timelines to assist the business to use models in a timely and safe way.
- Ensure clients and colleagues are treated with respect, a highly professional empathetic approach is used, and good working relationships are maintained. Look for, and act upon, opportunities to strengthen the quality of challenge, efficiency and communication of key model risk processes and deliverables.
- Partner with stakeholders to achieve collective results. Act as a catalyst to ensure team is strategically aligned with business strategies while maintaining the Bank's desired risk profile.
- Support direct managers and contribute directly to process improvement projects aimed at maximizing quality and efficiency of the model risk management process
- Provide support for more junior members of the team to enable them to perform validation activities
What do you need to succeed?
Must-have:
- 5+ years of model risk management or model developer experience with a preferred focus on Market and Counterparty Credit Risk, or Asset Management models.
- Strong analytical, communication, problem solving and stakeholder management skills.
- Undergraduate and post graduate degrees in a quantitative subject (eg physics, mathematics, engineering, economics etc).
Nice-to-have:
- In-depth knowledge of model risk regulations, RBC policies, procedures & practices.
- Proficiency with Bank Technology and/or more general programming languages.
- Experience in wealth/asset management modelling.
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 for growth, and opportunities to redefine audit approaches.
Job Skills
Client Counseling, Competitive Markets, Critical Thinking, Financial Instruments, Financial Regulation, Investment Risk Management, Long Term Planning, Quantitative Methods, Risk ManagementAdditional Job Details
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Our Employment Opportunities
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.
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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.
Employment Type: FULL_TIME
About Royal Bank of Canada
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Industry
Banking and credit intermediation
Company size
10,000+ Employees
Headquarters location
Toronto, Ontario, CA