Head of Model Risk Management Client of Aventus Global Talent

Key Responsibilities

• Lead the end-to-end Model Risk Management framework, ensuring robust oversight across all business areas.
• Develop and implement model risk policies, standards, and risk appetite in line with regulatory requirements and internal governance.
• Chair the Model Oversight Committee, driving effective governance, escalation, and decision-making on model-related risks.
• Oversee model validation activities, including review and challenge of validation outputs and management of external vendors.
• Maintain oversight of the model inventory, ensuring accurate classification, coverage, and ongoing monitoring of model risk exposure.
• Provide regular reporting on model risk metrics, emerging issues, and key insights to senior management and board-level committees.
• Act as the primary point of contact for regulators and auditors, supporting reviews and ensuring compliance with applicable standards.

Key Requirements

• Proven experience in model risk management, model governance, or validation within a financial services environment.
• Strong knowledge of regulatory frameworks such as UAE Central Bank standards, Basel guidelines, and IFRS 9.
• Experience overseeing a wide range of models, including credit risk, market risk, liquidity, and capital models.
• Track record of managing third-party providers and external validation engagements.
• Ability to engage and influence senior stakeholders, regulators, and audit functions.
• Degree in a quantitative discipline (e.g., Mathematics, Statistics, Finance, Economics, or Engineering).
• Professional certifications such as FRM, CFA, PRM, or CQF are considered advantageous.