Royal Bank of Canada

Sr. Audit Manager - Model Risk CoE

Royal Bank of Canada • $100K — $130K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • 5-7 years of experience in model development or validation
  • Knowledge of AML, Credit Risk, Market Risk, and AI/ML
  • Understanding of regulatory frameworks in Canada, USA, and UK
  • Effective communication skills for engaging with stakeholders
  • Self-motivated with the ability to work independently

Responsibilities

  • Develop and implement a risk-based audit plan for Model Risk Management
  • Conduct audits on model risk management processes and governance
  • Evaluate the efficacy of internal controls supporting risk models
  • Assess model development and validation activities for quality and methodology
  • Foster relationships with stakeholders to provide trusted advisory services

Benefits

  • Comprehensive Total Rewards Program including bonuses
  • Access to a global network of risk management and data science professionals
  • Supportive leaders focused on your development
  • Challenging and fulfilling work opportunities
Full Job Description
Job Description

  • What is the opportunity?
    RBC Internal Audit Services is hiring a Senior Manager within US Model Risk Audit Team. You will provide an independent and objective assessment of the effectiveness of Model Risk practices within the first and second line of defense across RBC. This includes assessing the effectiveness of internal controls throughout the model lifecycle; identification, development, documentation, validation, implementation, and performance monitoring & use. You will also contribute to the assessment of the effectiveness of model risk management practices with focus on AML, Credit Risk, Artificial Intelligence & Machine Learning (AI/ML), Stress Testing, Valuation, Market Risk, Liquidity Risk and Counterparty Credit Risk models.
    What will you do?
  • Develop and execute a risk-based audit plan for US Model Risk Management
  • Through in-depth understanding of the business including changes to the US regulatory and business environments, develop and maintain standard audit programs to provide assurance over design and operating effectiveness of Model Risk Management controls related to business processes.
  • Lead and execute audits covering model risk management, quantitative models, AI, and model governance across the US. Evaluate the effectiveness of governance, risk management, and internal controls supporting models used for regulatory capital, CCAR, IFRS 9/CECL, market risk, credit risk, liquidity risk, ALM, operational risk, fraud, AML, stress testing and AI/ML purposes.
  • Provide input on the assessment of the effectiveness of model development and model validation activities; including quality of supporting documentation, modelling methodologies, margins of conservatism, parameter choices, testing and the wide range of other modelling decisions that are made.
  • Contribute to effective continuous risk monitoring and continuous assurance on overall Model Risk Management controls.
  • Continually develop working relationship with business stakeholders to become a trusted advisor.
  • What do you need to succeed?
    Must-Haves:
  • Evidence of having validated and/or developed any of the following model types: AML, Market Risk, Credit Risk, Data Science AI/ML, Capital Risk, Treasury (Interest rate risk and/or liquidity risk), Valuation, Insurance, Stress Testing.
  • Risk Management or Regulatory/Compliance experience - Experience in any one of AML, CCR & Market Risk, Credit Risk, Stress Testing, Valuation and Liquidity & Funding Risk. In either 1st or 2nd line of defense.
  • Knowledge of legislation and regulations relating to model risk management in Canada, USA and UK.
  • Ability to work to meet regulatory deadlines and communicate effectively with the key stakeholders.
  • Self-motivated - able to work and learn independently, communicate and collaborate effectively with others at all levels in the organization.
  • Nice to have:
  • Working knowledge in machine learning techniques, programming in Python, R.
  • Working knowledge of Internal Audit Services practices, policies, procedures and systems with Internal Audit experience in Banking or Capital Market.
  • Quantitative Degree in Finance/Mathematics/Physics/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, competitive compensation, commissions and stock where applicable.
  • Work with and learn from our extensive global network of people, including risk management professionals, data scientists, researchers, and various subject matter experts.
  • Leaders who support your development through coaching and managing opportunities.
  • Opportunities to do challenging work.


Job Skills
Adaptability, Auditing, Commercial Acumen, Communication, Detail-Oriented, Internal Controls, Interpersonal Relationship Management, Long Term Planning, Results-Oriented

Additional Job Details

Address:

20 KING ST W:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

INTERNAL AUDIT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2026-07-14

Application Deadline:

2026-08-31
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

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.

Stay Connected

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Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding career opportunities awaiting you at RBC. Explore the possibilities with Royal Bank of Canada, where your future is filled with potential and the path to success is paved with countless opportunities for professional and personal growth. Join us and shape not just your career but the future of the financial industry.
Learn more about Royal Bank of Canada
Size
86,007 employees
Market Cap
$130.3 billion
Industry
Finance & Insurance
5 Year Trend
+8.7%
NASDAQ
RY
* Ladders Estimates

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