Role Purpose
Lead the bank-wide independent model validation and model governance framework across all models used for risk, finance, compliance, and business decisioning. Ensure robust validation, effective model lifecycle governance, and proactive management of model risk in line with CBUAE Model Management Standards and global best practices.
What You Will Do:
Independent Model Validation
- Lead validation across risk, finance, business and compliance models
- Ensure risk-based validation coverage based on materiality and complexity
- Assess: methodology, data, assumptions, performance, implementation, and documentation
- Oversee back-testing, benchmarking, and ongoing monitoring
Enterprise Model Governance
- Own end-to-end model governance framework and lifecycle
- Maintain model inventory, tiering, and ownership structure
- Define and maintain Model Management policy and standards for each phase of model development, validation, implementation, usage and monitoring
- Oversee model changes, limitations, exceptions, and third-party models
Model Risk Appetite and Model Risk Management
- Define and implement model risk appetite and thresholds
- Monitor model risk exposures and ensure timely remediation
- Track validation findings and escalate material issues
- Embed model risk within enterprise risk management
Management and Board Committee Governance
- Lead engagement with Model Management and Board Model committees
- Present validation outcomes, key risks, and approval recommendations
- Ensure decisions are documented, justified, and tracked
Regulatory Compliance and External Benchmarking
- Ensure compliance with CBUAE MMSG and related regulations
- Align framework with global best practices (e.g., risk-based model risk management)
- Support audit and regulatory reviews
AI / ML Model Validation and Emerging Analytics
- Establish validation standards for AI/ML models
- Assess explainability, bias, stability, and model drift
- Ensure appropriate governance for complex models
- Define monitoring and challenger model framework
Stakeholder Management and Advisory
- Partner with Risk, Finance, Compliance, IT, and Business teams
- Provide independent challenge and advisory on model design and usage
- Ensure timely closure of validation findings
Team Leadership
- Lead and develop a high-performing validation and governance team
- Build capabilities across quantitative validation, governance, and AI/ML
What We You Will Bring:
- Master's (or higher) in quantitative discipline (Economics, Statistics, Maths, Data Science, Finance, Engineering)
- 12–15 years in model validation / model risk management
- Experience across risk, finance, and compliance models
- Strong exposure to CBUAE regulations (MMSG)
- Experience with model governance frameworks and committees
- Hands-on experience with AI/ML model validation
Regulatory / Governance
- Deep knowledge of CBUAE Model Management Standards & Guidance
- Familiarity with UAE banking regulations and global model risk frameworks
Quantitative / Validation
- Strong expertise in validation techniques, model performance testing, and monitoring
- Coverage across credit risk, IFRS9, stress testing, AML/fraud, and forecasting models
- Understanding of AI/ML validation challenges and controls
Leadership Competencies
- Strong executive presence and independent challenge
- Ability to translate technical outputs for senior stakeholders
- Strong governance mindset and attention to detail
- Stakeholder management and delivery focus
Apply on this link:
https://iacqey.fa.ocs.oraclecloud.com/hcmUI/CandidateExperience/en/sites/CX_1/job/414/utm_medium=jobshare&utm_source=External+Job+Share
