What are the responsibilities and job description for the Associate Director, Model Risk position at RBC?
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- Developing, initiating and revising policies and procedures for the general operation of the business unit's compliance program and its related activities.
- Monitoring compliance and ethics initiatives of the business unit and providing guidance for the management team on matters relating to compliance.
- Identifying potential areas of compliance vulnerability and risk; developing corrective action plans for resolution of problematic issues and providing general guidance on how to avoid or deal with similar situations in the future.
- Responding to alleged violations of rules, regulations, policies, and procedures by evaluating or recommending the initiation of investigative procedures.