Enterprise Model Risk-Director

Royal Bank of Canada is Canada’s largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North America’s leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis.

The model risk manager will work in close proximity to and interact with model stakeholders and users to: validate CCAR (Comprehensive Capital Analysis and Review) models and act as an effective challenger to model users/ modelers on all matters pertaining to model risk. validate models, including Mortgages-backed Securities (MBS) models. facilitate compliance with RBC model risk policies and procedures, with an emphasis on model risk controls pertaining to model usage

Day-to-day management of the model validation staff to ensure: * Timely and effective execution of all model vetting and validation activities for the CCAR and MBS models; * Ensure validation activities comply with all the enterprise model risk policies standards and procedures; * Ensure that model stakeholders are aware and are compliant with model risk issues and limitations identified in vetting and validation reviews. Manage stakeholder relationships (model owners/users/validation teams) to: * Ensure model validation findings and recommendations are appropriately informed by business purpose and context; * Facilitate timely clarification of questions regarding model risk roles and responsibilities. As appropriate and where independence of oversight is not compromised, offer input on model design or use that would enhance the management of model risk.

* Hold a graduate university degree in a quantitative discipline such as econometrics, statistics, math, physics, or financial engineering. * Have more than 6 years of working experience. Relevant experience in CCAR and/or MBS is a must. * Possess a strong quantitatively-oriented knowledge of financial products and industry best practices and regulatory requirements for model risk management. * Have a collaborative mind-set with strong interpersonal skills. * Strong verbal and written communication skills.