Reporting to the Director Environmental & Social (E&S) Risk Analytics - Data Strategy and Governance, the Associate Director will be responsible for data & model governance, model inventory management, developing and managing control activities, assessing process completeness and compliance with internal and regulatory standards, and assisting with data and model monitoring activities.

The preferred candidate should have a quantitative background and will be a key contributor in reviewing model development processes.

What is the opportunity?

As part of the Group Risk Management (GRM) team, the Associate Director will be responsible for data & model governance, model inventory management, developing and managing control activities, assessing process completeness and compliance with internal and regulatory standards, and assisting with data and model monitoring activities.

The Associate Director will report to the Director Environmental & Social (E&S) Risk Analytics - Data Strategy and Governance.

The preferred candidate should have a quantitative background and will be a key contributor in reviewing model development processes.

What will you do?

• Lead the design, development and maintenance of data and model governance, and ensure compliance to the relevant Bank’s standards (e.g., RBC Enterprise Model Risk Operating Standards) and regulatory requirements
• Participate in design sessions to provide input, gather and document requirements
• Contribute and assist in Enterprise Model Risk Management (EMRM) submissions, including documentation
• Lead, as a subject matter expert, in all manners of governance related activities including, issue management and the preparation of issue memo closures
• Develop control frameworks, guidelines and procedures
• Design and implement controls and quality assurance tools
• Assist in the development and maintenance of model monitoring reports
  

What do you need to succeed?

Must Have:

• Degree in quantitative field of study (e.g., Statistics, Finance, Economics, Computer Science)
• Expertise in programming and querying languages (e.g., SQL, python)
• Strong knowledge and experience in Data Management, Model Governance and Risk concepts
• Prior working experience with model risk management framework, quality assurance framework, risk mitigation and issue remediation
• Strong knowledge of data quality controls and procedures documentation
• Effective communication and presentation skills (written and verbal)
• Ability to adapt to a constantly evolving and fast-paced environment
• Commitment to quality and accuracy with a high level of attention to detail.
• Strategic thinking skills with proven ability to drive results in a cross-functional environment
• Strong organizational awareness, demonstrated ability to anticipate risks and issues and escalate when required
• Proven collaboration, impact, influence and change management capabilities across business, IT, and functions

Nice-to-Have:

• Knowledge of E&S data landscape: common challenges and available solutions
• Risk management experience particularly in relation to E&S

Job Skills

Consulting, Critical Thinking, Derivatives, Economic Analysis, Financial Instruments, Investment Banking Analysis, Investment Risk Management, Market Risk, Quantitative Methods

Additional Job Details

RBC CENTRE, 155 WELLINGTON ST W:TORONTOTORONTOCanada37.5Full timeGROUP RISK MANAGEMENTRegularSalaried2024-08-292024-09-27