Unit Head Risk Modelling

Job Description Description

• Independent review and validation of risk models being used in the bank, including the following:

• Be responsible for the day-to-day management and coaching of all direct reports
• Maintain accurate data in the model inventory. Ensure Model inventory database updating on Annual frequency as per AMC process.
• Ensure Model Tier categorization are based on defined matrix (complexity, exposure and reliance) as per policy
• Designing tests to ascertain model accuracy and performance monitoring on an ongoing basis.
• Identification of model deficiencies and development of mitigation strategies.
• Govern and execute Annual Status Assessment to evaluate each Model health
• Communication & presentation of model performance and its issues with model owners and relevant stack holders.
• Development of a model risk governance framework and related documentation.
• Ensure compliance to regulatory requirements and support driving the adoption of industry best practices for Model Risk Management.
• Develop and implement model risk management policy and process.
• Reporting of model risk review findings & results to risk committees ( ORMC, MRC, BRMC) and relevant stakeholders on an ongoing basis.
• Formulate and develop the Model Validation processes with automation to enhance Model review.
• People Management Skills
• Provide for ongoing training of the department staff
• Manage, train, up-skill, motivate, retain and recruit staff
• Lead and motivate team to meet the objectives and priorities of Model Risk Management

• Bachelors in Statistics / Mathematics / Actuarial science/ Computational Finance. MBA/MSC or relevant certifications such as FRM or CFA preferred.

• At least 10 years of experience in a Financial Institution, preferably in a bank.