Internal Audit Director

What is the opportunity?

As Director, Model Risk Audit Center of Excellence (CoE), you will be accountable for assessing the design and execution effectiveness of the business processes and related controls throughout the model lifecycle for all US models. You will lead a large team of experienced model risk audit professionals and oversee all model risk audit projects for our US portfolio. As Audit lead for US Model Risk within Internal Audit, Model Risk CoE, you will work closely with audit partners within Chief Audit Executive Group (CAE) and business partners within the 1st and 2nd lines of defense.
 

What will you do?

• Lead a team of Model Risk Audit professionals and oversee model risk audit projects (e.g., model risk audits across all model types, continuous risk monitoring, reporting, validation of regulatory issues/remediation, etc.) for all US models. Collaborate and support other Business Audit Groups on model related audit work.

• Provide support, insights and advises on Model Risk Management practices and act as trusted advisor to stakeholders within CAE and the business.

• Responsible for development and execution of model audit projects following the model risk audit methodology, including audit planning, scope, approaches, sampling methodologies, and audit execution steps to ensure adequate design and timely execution of the model risk audit projects.

• Support and address requests from US regulators and external auditor.  

• 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.

• Maintain and enhance model risk audit methodologies to align with best and leading industry practices.

• Build and develop a high-performance team.

• Support senior management on strategic initiatives and ongoing enhancement to internal processes.

What do you need to succeed?

Must-have

• Strong leadership, people management, and relationship management skills, with excellent communication skills (written and verbal)

• Expertise in Model Risk Management and knowledge of industry/best practices in model risk audit and/or development/validation. 

• 8+ years of experience in model audit, development, or model validation functions for large US banks. Hands-on experience on model risk audit is required.

• Master’s degree in quantitative areas such as finance, mathematics, physics, statistics, or equivalent working experience.

Nice-to-have

• Working knowledge in machine learning techniques, programming in Python, R.

• Working knowledge of Internal Audit Services practices, policies, procedures and systems with Internal Audit experience in Banking or Capital Market.

• Quantitative Degree in Finance/Mathematics/Physics/etc.

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 competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.
-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.
-Opportunities to do challenging work.
-Opportunities to build close relationships with clients.

For NY/ NJ only: The expected salary range for this particular position is $160,000-$250,000 depending on your experience, skills, and registration status, market conditions and business needs.

You have the potential to earn more through RBC’s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

-Drives RBC’s high-performance culture
-Enables collective achievement of our strategic goals
-Generates sustainable shareholder returns and above market shareholder value
 

Job Skills

Adaptability, Audit Engagements, Auditing, Audits Compliance, Detail-Oriented, Internal Controls, Interpersonal Relationship Management, Long Term Planning, Multi-Level Communication, Organizational Savvy and Politics, People Management, Professional Education, Regulatory Compliance, Results-Oriented, Risk Governance, Risk Management

Additional Job Details

GOLDMAN SACHS TOWER, 30 HUDSON STREET:JERSEY CITYJersey CityUnited States of America40Full timeINTERNAL AUDITRegularSalaried2025-08-122025-12-15

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.