What is the opportunity?

The Senior Analyst, Model Risk Governance (MRG) is responsible for managing day-to-day operational and tactical aspects of multiple projects in support of the Enterprise Model Risk Management group, including model validation governance and regulatory project support. The Senior Analyst Coordinates Model Risk Management review activities to ensure project and risk objectives are accomplished within approved timeframes and to model risk policy and standards.

As a member of a dynamic, fast paced team, the Senior Analyst, MRG is expected to pursue excellence in the delivery of work, demonstrate strong written and verbal communication skills, a strong work ethic and a demonstrated capability to multi-task effectively.

This role requires strong interpersonal, organizational and problem-solving skills as well as a demonstrated sense of urgency to respond to time sensitive priorities. This is complemented by a positive attitude and a willingness to take accountability for results achieved.

What will you do?

• Assist the team in managing the group’s model validation pipeline, focusing on proactive management of business priorities, compliance dates, and regulatory requirements. 
• Manage the centralized model inventory for RBC Enterprise-wide models across business segments, ensuring it is up to date and model information is accurate and complete (Capital Markets, Personal & Consumer Banking, Insurance, Treasury & Investor Services, Corporate Support, and Anti-Money Laundering).
• Review model information, remap the model characteristics and relationships as directed by changing business needs.
• Articulate RBC Model Risk Policy and Model Operating Standards to business units, and identify areas where the practice is not meeting the policy.
• Learn how models are used to support RBC Enterprise-wide banking and trading business needs.
• Build inter-personal relationships across model risk management related stakeholders

What do you need to succeed?

Must-have:

• Hold a university degree (preferably in a financial and/or related discipline)
• 3+ years’ professional experience
• Ability to execute with urgency while maintaining quality and efficiency; flexibility to adapt to shifting priorities and urgent deadlines
• Outstanding analytical and organizational skills with an attention to detail; tenacity to identify the root cause of problems is essential and capability to function with a high degree of autonomy, but effectively seek guidance when issues are of relative criticality, strategic importance or have an enterprise impact
• Strong verbal and written communication skills and proven interpersonal skills and Expert MS Word, Excel and PowerPoint user

Nice-to-have:

• Strong knowledge of Model risk guidelines; the Federal Reserve 26-2 and OSFI’s E-23
• FRM or PRM certification

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
• 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
• A world-class training program in financial services
• Flexible work/life balance options
• Opportunities to do challenging work

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Additional Job Details

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

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.

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.