Western Cape: Lead: Model Governance, Monitoring & Oversight posted by Network Finance

In this role, you’ll be at the forefront of shaping how the organisation governs, monitors, and improves its models. You’ll bridge the gap between technical modelling teams, risk stakeholders and senior decision-makers — giving you visibility, influence, and the opportunity to drive change.
 
You’ll love it if you’re looking for meaningful work that combines technical expertise with leadership, offers exposure to regulatory frameworks, and provides a chance to make a lasting impact on the bank’s risk culture and client outcomes.

Key Responsibilities:

• Own governance and oversight of the Model Risk Policy and associated standards; lead annual updates and policy reviews.
• Drive remediation and resolution of validation findings, working with model developers to agree action plans and evidence closure.
• Maintain and improve the model inventory and metadata (Collibra or similar), ensuring conceptual soundness and policy compliance.
• Design and implement post-deployment model monitoring frameworks, define performance metrics, thresholds and escalation triggers.
• Prepare and manage regular governance forums (MTSC), including agendas, materials, action tracking and reporting to stakeholders.
• Produce clear model risk reporting and escalate material model risks per policy and regulatory expectations.

Job Experience and Skills Required:

• Education: Honours Degree in Statistics or Risk Management (minimum) 
• Experience:
  • 5+ years’ experience in model risk management, validation, quantitative analysis, or decision science — preferably within banking.
  • Strong understanding of banking/regulatory frameworks (Basel, IFRS 9, BCBS 239 / RDARR).
• Skills:
  • Technical familiarity with model/data governance tools (e.g., Collibra), and reporting tools such as Power BI.
  • Excellent stakeholder management, communication and facilitation skills in a regulated environment.

Apply now!
 
For more exciting Actuarial and Analytics vacancies, please visit:
Network Recruitment International – Finance Jobs
 
I also specialise in recruiting in the following:

• Actuarial: Life, Short-Term, Health, Pensions, and Quantitative
• Data & Analytics: Data Scientists, Data Analysts (Python, R, SQL, Machine Learning)
• Risk: Credit Risk, Market Risk, Model Risk, and Operational Risk Analysts
• Pricing: Specialists in Insurance and Financial Products
• AI & Machine Learning: ML Ops, NLP, Predictive Modelling Data Scientists
• Quantitative: Experts across Banking, Insurance, and FinTech

If you have not had any response in two weeks, please consider the vacancy application unsuccessful. Your profile will be kept on our database for any other suitable roles / positions.

For more information, contact:
Zahrah Gani
Specialist Recruitment Consultant
? Connect with me on LinkedIn