Director – Implementation Assurance Testing

Location: TORONTO, Ontario, Canada

What is the opportunity?

Reporting to the VP, Credit Modelling & Methodology, the Director, Implementation Assurance Testing will lead the Implementation Assurance Testing (IAT) team, which is accountable for conducting independent verification and validation of all material credit risk models and reporting systems across provisioning (IFRS9/CECL) and stress testing (CCAR/EWST/MST) programs.

In this role, the candidate drives the execution of IAT testing protocols, ensures compliance with SOX control requirements, and maintains the integrity of financial and regulatory reporting processes. The Director manages BAU assurance testing activities, develops and refines testing methodologies, and coordinates with Credit Modeling & Methodology, Enterprise Model Risk Management, and business partners to validate implementations prior to production deployment.

The Director functions as a thought leader on implementation assurance and testing governance, ensuring that IAT processes remain aligned with evolving regulatory requirements, operational standards, and business objectives. This role balances the leadership and governance aspects of assurance testing with direct involvement in technical execution and quality oversight.

What will you do?

Manage a team of 3 direct reports accountable for

Executing comprehensive independent verification testing of all credit risk models, system code, and reporting implementations for IFRS9/CECL provisioning and CCAR/EWST/MST stress testing programs.

Ensuring model outputs can be reliably reproduced and are not subject to unauthorized modifications.

Performing logic and regression testing against approved specifications to validate implementation accuracy.

Producing standardized documentation to provide independent assurance to senior management, internal and external auditors, model risk management, and regulators on the testing and integrity of model and reporting system implementations.

Logging, prioritization, and communication of issues identified through testing for remediation by process owners.

Develop IAT testing and communicate results

Develop and continuously refine IAT testing methodologies, protocols, and documentation standards to ensure comprehensive coverage, scalability, and alignment with best practices and regulatory expectations.

Establish testing governance frameworks that balance rigor with operational efficiency.

Represent the IAT function at governance forums, model review committees, and with internal & external audit. Articulate test findings, control assessments, and recommendations to senior stakeholders with clarity.

Ensure timely delivery of testing and documentation within release schedules to enable production deployment and comprehensive control execution.

Escalate critical issues and control deficiencies appropriately.

Coach and develop team members, fostering a culture of quality, attention to detail, and continuous improvement. Identify skill gaps, promote professional development, and ensure adequate cross-training within the team.

Support the team with the development and implementation of independent testing and generation of regression testing results.

Maintain technical documentation and submit change control UAT/PIV evidence for validation and audit review.

What do you need to succeed?

Must Have

7 - 10+ years related work experience in credit risk or related area with model development, model validation, or quality assurance.

Knowledge of credit risk methodology, including capital estimation, credit risk/stress testing models, and/or direct experience with Expected Credit Loss implementations.

Substantial experience with financial models, regulatory reporting systems, and software implementation.

Experience managing teams and coordinating complex technical projects.

Demonstrated ability to mentor and develop technical staff.

Proven ability to execute detailed testing protocols while maintaining strategic perspective.

Knowledge of Python or similar language(s).

Knowledge of modern code development and code management best practices.

Strong technical skills in model testing, code review, and validation techniques.

Strong interpersonal, communication, and presentation skills, with the ability to articulate and document complex technical problems and control process for a non-technical audience.

Nice to Have

Strong interpersonal, communication, and presentation skills, with the ability to articulate and document complex technical problems and control process for a non-technical audience.

Knowledge of SAS is an asset.

Project management and/or stakeholder coordination experience.

Understanding of SOX controls, internal audit requirements, and regulatory compliance.

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

Ability to make a difference and lasting impact

Flexible work/life balance options

Work in a dynamic, collaborative, progressive, and high-performing team

Opportunities to do challenging work

Job Skills

Credit Analysis, Key Performance Indicators (KPI), New Challenges, People Management, Risk Management, Task Delegation

Additional Job Details

Address

RBC CENTRE, 155 WELLINGTON 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

2026-11-05

Application Deadline

2026-11-22

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.

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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.