Job Description What is the opportunity? The Financial Crimes, Model Risk Management (MRM) Director role is designed to embed model risk management expertise directly within a large-scale development team, facilitating compliance with regulatory requirements and enterprise MRM standards while supporting efficient model development and deployment. This position serves as a critical bridge between model development activities and independent model validation, ensuring model risk is appropriately identified, assessed, and managed throughout the model lifecycle. Key Objectives: Risk Facilitation: Embed MRM considerations into the development process from inception through deployment Compliance Enablement: Guide the team in meeting regulatory expectations (E-23, SR 26-2, OCC 2011-12) and internal MRM policies Quality Assurance: Ensure model documentation, testing, and controls meet validation and governance standards Strategic Alignment: Align model development priorities with enterprise risk appetite and regulatory obligations What will you do? Ensure Financial Crimes AML models comply with the Bank’s Enterprise Model Risk Management Policy and Standard, OSFI Guideline E-23, SR 26-2 (US), and applicable jurisdiction and/or domain-specific governance requirements. Establish, enhance, and maintain internal processes, procedures, and standardized templates and language to drive efficiency and consistency in development practices across different AML domains, specifically transaction monitoring, payment and name screening and customer risk rating. Maintain the Transaction Monitoring and Client Risk Rating Development Playbook to ensure that the proper guidelines for the development, maintenance, deployment and documentation are followed for all Financial Crimes AML models. Review and support model development documentation, validation materials and remediation responses, providing effective challenge and ensuring adherence to AML risk exposure and model governance requirements. Provide hands-on support for model development and documentation efforts; contribute to periodic model assessments and validation activities. Lead the remediation of model validation findings, including identifying thematic deficiencies, prioritizing action plans and driving issues through to resolution. Oversee and monitor model performance and conduct root-cause analysis on performance breaches; provide strategic commentary to justify breach and remediation actions. Develop, support, and maintain reporting framework for Financial Crimes AML models; present quarterly updates to senior management and executive committees across RBC, CUSO, and any other RBC Legal Entities. Support reporting on RAM breaches for both CUSO and Non CUSO models and to provide insights on trending of RAM breaches. Act as key point of contact for model risk management matters for AML models; provide advisory and triaging support on internal and cross-functional projects. Manage operational risk matters within the team, including resolution of EIM Issues, maintenance of Archer Controls, and execution of Risk and Control Self-Assessment (RCSA) initiatives. Continuously assess AML model risk and monitor emerging risks arising from model changes, environmental shifts and evolving Enterprise Model Risk Standards, implementing appropriate controls when required. Maintain a comprehensive Financial Crime model inventory. Maintain a documentation repository with proper version control along with the appropriate approvals. Serve as primary liaison between developers and independent validation teams by facilitating validation planning, scoping, and information requests. Provides strategic direction, recruits, motivates, retains and leads a high-performing team of AML professionals who have strong documentation and processing skills, and are subject matter experts on model risk management to actively mitigate financial crime model risks. What do you need to succeed? Must have 10+ years financial services 5+ years MRM or model validation GSIB or large bank experience Deep expertise in 1-2 model risk types Working knowledge of SR 11-7, SR26-2 and OCC 2011-12 Experience supporting regulatory exams Led MRM implementation or remediation projects Worked with development teams (at least 20+ people) Stakeholder management and influence skills Some hands-on modeling or technical experience Nice to have Graduate degree (MBA or relevant subject matter area) 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, 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 Opportunities to do challenging work Opportunities to take on progressively greater accountabilities Opportunities to building close relationships with clients Access to a variety of job opportunities across business and geographies Job Skills Anti-Money Laundering (AML), Business Perspective, Client Counseling, Communication, Decision Making, Financial Regulation, Interpersonal Relationship Management, Operational Integrity, Organizational Governance, Strategic Thinking Additional Job Details Address: 20 KING ST W:TORONTO City: Toronto Country: Canada Work hours/week: 37.5 Employment Type: Full time Platform: GROUP RISK MANAGEMENT Job Type: Regular Pay Type: Salaried Posted Date: 2026-07-16 Application Deadline: 2026-08-01 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. 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. 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. 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.