Job Summary Job Description What is the opportunity? Internal Audit (IA), as the Third Line of Defense, provides independent assurance to senior management and the Board of Directors on the effectiveness of risk management policies, processes, and practices in all areas of RBC. As Director, AML Model Risk Audit CoE, you will be accountable for assessing the design and execution effectiveness of the internal controls, AML model risk management practices, and the associated risk governance processes related to AML models. You will lead a team of experienced audit professionals and oversee all model risk audit projects for Global AML models and related processes. As AML Model Risk Audit lead, you will provide insights to Audit group and work closely with various audit teams within Chief Audit Executive Group (CAE) and related internal stakeholders to achieve audit objectives and deliverables, and also build and maintain strong partnership. This role reports into Managing Director, Model Risk Audit CoE. The RBC CAE Group leverages a unique perspective— with a coordinated view across the entire business—to deliver valuable advice that not only gives assurance, but that illuminates a bigger picture, connects dots, builds best practices and broadens possibilities. We connect intelligence to protect and enable RBC. What will you do? Lead a team of AML Model Audit professionals and oversee model risk audit projects (e.g., model risk audit, validation of regulatory issues/remediation, etc.) for Global AML models including economic sanction models. Collaborate and support AML Audit Group on AML audit projects. Provide insights and advises on AML Model Risk Management and act as trusted advisor to both stakeholders within CAE and the business. Responsible for development and execution of comprehensive model audit strategy including audit scope, approaches, sampling methodologies, and audit steps to ensure adequate planning and timely execution of the model risk audit projects. Build and develop a high-performance team. Support and address requests from global and regional regulators. Support senior management on strategic initiatives. Build and maintain effective working relationships with stakeholders and audit partners. Support management in developing robust action plans to address deficiencies, and ensure corrective actions are implemented in a timely manner to effectively address the issues. What do you need to succeed? Must-Haves: Strong leadership, people management, and relationship management skills, with excellent communication skills (written and verbal) Expertise in AML Model Risk Management and knowledge of industry/best practices in AML modelling, validation, and controls. 6+ years of experience in model development, model validation, or model audit functions for AML models. Master’s degree in quantitative areas such as finance, mathematics, physics, statistics, or equivalent working experience. Working knowledge in machine learning techniques and programming in Python/R. 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. #LI-POST Job Skills Adaptability, Auditing, Detail-Oriented, Internal Controls, Interpersonal Relationship Management, Long Term Planning, Model Audit, Multi-Level Communication, Organizational Savvy and Politics, 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: 2025-06-05 Application Deadline: 2025-07-31 Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above Inclusion and Equal Opportunity Employment At 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. Join our Talent Community Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you. Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com. Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 84,000+ employees who bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to more than 16 million clients in Canada, the U.S. and 34 other countries. Learn more at rbc.com.? We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact.
