Royal Bank of Canada

Senior Manager, AML Model Validation

Royal Bank of Canada$100K — $130K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in a relevant field like Finance or Data Science.
  • Strong knowledge of AML regulations and processes.
  • Experience with model validation, risk analysis, and data manipulation.
  • Excellent communication skills and ability to work collaboratively.

Responsibilities

  • Validate AML models such as transaction monitoring and client risk rating.
  • Test models rigorously to assess output quality and effectiveness of alerts.
  • Ensure initiatives align with regulatory requirements and industry best practices.
  • Leverage understanding of FC processes and technology to drive project outcomes.
  • Act as a trusted advisor to FC model developers and users.
  • Collaborate with stakeholders to provide actionable recommendations based on model assessments.
  • Lead FC Model Validation initiatives and manage compliance with change management procedures.

Benefits

  • Comprehensive Total Rewards Program including bonuses and flexible benefits.
  • Support from leaders through coaching and development opportunities.
  • Chance to make a difference and have a lasting impact.
  • Dynamic and challenging work environment with a high-performing team.
Full Job Description
Job Description

What is the opportunity?

As the Senior Manager of Global Financial Crimes Model Validation, you will support daily execution to ensure that RBC is maintaining the ongoing effectiveness of Financial Crimes monitoring program. You will report to the Director 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. Your understanding of AML processes, regulatory expectations, and industry trends will drive our success in safeguarding against financial crimes.

What will you do?
  • Validate AML models including transaction monitoring, client risk rating, and screening
  • Rigorously test models to assess output quality and provide assurance on the effectiveness of alerts for identifying critical FC risks.
  • Ensure that all initiatives align with regulatory requirements, internal policies, and industry best practices.
  • Leverage your understanding of FC processes, regulations, and technology capabilities to drive successful project outcomes.
  • Act as a trusted advisor and effective challenger to FC model developers and users, ensuring alignment with business objectives.
  • Collaborate closely with stakeholders to understand model requirements, and provide actionable recommendations based on model assessments, contributing to continuous improvement.
  • Lead FC Model Validation initiatives under the guidance of senior leadership.
  • Manage the EMRM inventory system, ensuring compliance with change management procedures.
  • Facilitate compliance with requirements for remediating open model risk issues.
  • Explore internal and external data sources, becoming familiar with their nuances to deliver accurate results.
  • Participate in IT-related implementations for new transactions, rules, or enhancements, maintaining comprehensive documentation.
  • Collaborate with peers, industry experts and Enterprise Model Risk Management team to identify validation themes and emerging trends in FC model validation.
  • Stay abreast of emerging FC model validation trends and industry developments.


What do you need to succeed?
  • Bachelor's degree in a relevant field (Finance, Data Science, etc.)
  • Strong knowledge of AML regulations and processes
  • Experience with model validation, risk analysis, and data manipulation
  • Excellent communication skills and ability to work collaboratively.


What's in it for you?

  • A comprehensive Total Rewards Program including bonuses, flexible benefits and competitive compensation
  • Leaders who support your development through coaching and managing opportunities
  • Opportunity to make a difference and have a lasting impact
  • Work in a dynamic and challenging work environment with a collaborative, progressive, and high-performing team


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:

20 KING ST W:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2026-07-23

Application Deadline:

2026-08-08
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

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.

About Royal Bank of Canada

Royal Bank of Canada Careers

Join the dynamic team at Royal Bank of Canada (RBC), a global leader in financial services and a company committed to excellence and innovation. At RBC, we offer a wide range of job opportunities that empower professionals to shape their career paths with leadership, diversity training, and continuous growth.

Work You’ll Do

At Royal Bank of Canada, we are not just hiring; we are building a culture of innovation and leadership. Our team members are at the forefront of the financial industry, driving transformation and delivering targeted solutions that meet the evolving needs of our clients and communities.

Explore Job Opportunities and Employment at RBC

Whether you are starting your career or looking to take it to the next level, RBC offers positions that challenge your skills and fuel your ambition. From entry-level positions to leadership roles, our job opportunities span across various functions and regions. Join us and be part of a team that values professional growth and diversity.

Internship and Professional Development

Kickstart your career with an internship at Royal Bank of Canada. Our internships provide invaluable hands-on experience, networking opportunities, and insights into the financial services industry. Interns at RBC gain the skills necessary to excel and are often considered for full-time positions within the company.

Benefits and Culture

At RBC, we prioritize the well-being and satisfaction of our employees. Our benefits package is designed to support our team members at every stage of their life and career. RBC’s culture is built on a foundation of respect, integrity, and responsibility, fostering an environment where everyone can thrive.

Career Growth and Innovation

We believe in nurturing the potential of our employees through continuous learning and career development programs. At RBC, you will find endless opportunities to grow professionally through on-the-job experiences, formal training programs, and leadership development initiatives. Our commitment to innovation means we are constantly seeking out new ideas and perspectives, making RBC a perfect place for those who aim to lead and innovate.

Diversity and Inclusion

Diversity is our strength. At Royal Bank of Canada, we are committed to building an inclusive workplace where every employee feels valued and respected. Our diversity training programs are designed to educate and inspire, creating a more inclusive and equitable workplace.

Join Our Team

Search open positions that match your skills and interests. We look for passionate, curious, creative, and solution-driven team players. Start your journey with RBC today and be part of a world-class team known for its commitment to client service, community involvement, and innovation.

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Learn more about Royal Bank of Canada
Size
86,007 employees
Market Cap
$130.3 billion
Industry
5 Year Trend
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