Director, Model Risk

RBC

Director, Model Risk leading control environment initiatives across RBC’s Capital Markets and ensuring compliance with Model Risk requirements. Collaborating with stakeholders to enhance the overall Model Risk profile.

Posted 7/22/2026full-timeJersey City • New Jersey, New York • 🇺🇸 United StatesLead💰 $185,000 - $260,000 per yearWebsite

Core Competencies

Role fit

Core Competencies

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Demonstrates extensive experience in Model Risk management, with strong quantitative and analytical skills to inform risk-based judgments. Capable of leading initiatives, enhancing control environments, and effectively communicating complex concepts to senior management.

Highest-signal resume keywords

Model Risk ManagementQuantitative SkillsAnalytical Problem-SolvingProject ManagementCommunication Skills

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

Quantitative Modeling TechniquesRisk Metrics DevelopmentData-Driven InsightsRoot Cause AnalysisControl ExecutionGovernance ActivitiesPolicy AlignmentRisk Appetite Reporting1LOD ProcessesModel Inventories

Soft Skills

Attention to DetailDynamic Environment AdaptabilityStructured Meeting Leadership

Tools & Technologies

Technology Tools Integration

Industry Keywords

Financial ServicesModel Risk TransformationRegulatory ExamsInternal ReviewsRisk Governance

About the role

Key responsibilities & impact

Design and/or operationalize 1LOD processes and key controls in line with enterprise Model Risk requirements and RBC’s Model Risk Transformation
Strengthen 1LOD accountability in Model Risk, including increasing awareness of Model Risk-related requirements and roles and responsibilities
Lead or monitor key 1LOD control execution and governance activities (e.g., model inventories) and enhance the control environment as applicable
Review enterprise requirements and collaborate with key stakeholders to drive or influence policy, standard, and process alignment and simplification across CUSO entities
Drive or influence enhanced risk metrics to ensure comprehensive risk coverage and accurate reflection of the Model Risk profile
Partner with key stakeholders to shape how generative and agentic AI-related considerations are integrated into RBC’s Model Risk management’s processes and controls
Lead 1LOD risk profile reporting and develop data-driven insights; also support RBC’s risk appetite reporting processes, including driving consistent risk narratives where applicable
Lead and/or contribute to Working Groups and targeted initiatives
Promote the use and integration of Technology tools to increase efficiency and effectiveness
Lead and/or coordinate responses to regulatory exams and internal reviews; develop remediation plans as applicable

Requirements

What you’ll need

8-10 years of experience in Financial Services
At least 3 years dedicated to supporting Model Risk management activities
Strong quantitative skills coupled with ability to overlay relevant qualitative considerations to inform risk-based judgment
Demonstrated ability to translate complex technical concepts into clear materials or briefings for senior management and/or risk governance
Strong analytical and problem-solving skills (including root cause analysis) with keen attention to detail
Demonstrated capability to work in a dynamic, fast-paced environment with multiple priorities
Demonstrated ability to lead structured and outcomes-oriented meetings
Excellent project management and communication skills
Preferred: Strong knowledge of quantitative modeling techniques.

Benefits

Comp & perks

A comprehensive Total Rewards Program including bonuses and flexible benefits
Competitive compensation
Commissions and stock where applicable
Health, dental, vision, life and disability insurance
Paid time-off plan
Leaders who support your development through coaching and management opportunities