Head of Model Risk Management

Our client, an established bank in Dubai, is looking to appoint a Head of Model Risk Management to lead and enhance its model governance framework. This role sits at the forefront of regulatory engagement and risk oversight, ensuring all models are aligned with internal standards and local regulatory expectations.Key ResponsibilitiesLead 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 RequirementsProven 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.#J-18808-Ljbffr