Head of Model Risk Management

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Search Consultant - Risk & Compliance at Aventus | Public Speaker | Author of Dark Blue

Title : Head of Model Risk Management

About the Client

Our client, a leading financial institution in Saudi Arabia, is seeking a Head of Model Risk Management to strengthen its model risk management and governance framework across the bank.

Key Responsibilities

• Lead the Model Risk Management function, providing oversight, guidance, and challenge across all businesses and functions.
• Set model risk policies and standards, monitor regulatory developments, and ensure model risk is managed within approved tolerance levels.
• Responsible for model development, use, and validation, including providing expert advice and challenge.
• Oversee independent model validation and validation processes, including managing third-party engagements.
• Provide oversight of Model Risk Management infrastructure, including systems, reporting, and technology enhancements.
• Support approval of dispensations from Model Risk Policy and standards, including regulatory interpretations.
• Monitor compliance with model risk policies and embed a strong risk management culture across all lines of business.
• Contribute to Board-level reporting and management of key model risk metrics.

Key Requirements

Seniority level

Seniority level

Mid-Senior level

Employment type

Employment type

Full-time

Job function

Job function

Other

Industries

Banking

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