Senior Manager – AML Model Validation
City : TORONTO, Ontario, Canada
Category : Audit | Compliance | Legal | Risk
Industry : Financial/Banking
Employer : RBC
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Job Title
Job Description
What is the opportunity?
The Senior Manager, Global AML Model Validation uses their AML experience and analytic capabilities to validate the Global AML models and ensure initiatives are implemented in compliance with regulatory expectations, industry trends, internal policies and procedures. The Senior Manager will coach the Global AML Model Validation team to identify AML risks and propose solution to remediate. The Senior Manager is also responsible to provide validation reporting and recommendations from the model assessment.
What will you do?
Validate AML model development rules and testing models – transaction monitoring, client risk rating and sanction screening to determine quality of output and to provide assurance of the usefulness of alerts required to identify key AML risks.
Validate sanction screening system scenario/algorithms and thresholds with data mining and quantitative analysis.
Coach AML model validation program team members to ensure that effective challenge takes place in accordance with Enterprise Risk Management policy and regulatory requirements.
Act as a trusted advisor and an effective challenger to AML model developers and users. Understand the model requirements from MBOs and validate their incorporation in the model.
Provide the risk analysis (AML focused) on the rules / scenarios / typologies being developed within the Insights & Analytics team.
Manage EMRM inventory system to secure the change management procedure. Support the AML program through metrics and reporting, as needed.
Provide oversight over IT related implementations for new transactions or rules or changes/enhancements to existing rules. Ensure documentation of results and decisions are maintained.
Collaborate with Enterprise Model Risk Management on validation themes and emerging AML model validation trends across peers and the industry.
What do you need to succeed?
Must-have
5+ years of experience
SAS, Python, R programming experience
Experience in building or validating models
Analytical Thinking
Business Communication
Competitive Edge/Innovation
Problem Solving
Nice-to-have
Graduate degree (MBA or relevant subject matter area)
Strong quantitative and statistical skills (AI or machine learning techniques).
Certified Anti-Money Laundering Specialist (CAMS) designation or other related Certifications
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 and competitive compensation
Leaders who support your development through coaching and managing opportunities
Work in a dynamic, collaborative, progressive, and high-performing team
Opportunities to do challenging work
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Inclusion and Equal Opportunity Employment
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