Vice President - Model Risk Governance - BFSI

Vice President- Model Risk Governance

- We are currently seeking an experienced professional in the role of Vice President - Model Risk Governance.

- The role holder is part of Global Risk & Compliance and is responsible for providing second line of defence for model risk.

Accountabilities and Responsibilities:

- Act as conduit for the Global Model Risk Governance team to promote and facilitate regional rollout and embedding of the Model Risk Policy, Model Risk Standards and key controls.

- Monitoring local compliance with globally set policies that outline the key principles and minimum requirements applicable to the management of their model risk.

- Providing subject matter expertise, advice, guidance, and effective challenge to the Risk and Control Owners.

- Undertake local Top & Emerging Risk Reports, Risk Maps, Risk Appetite Statement and Dashboard reporting, including cascading of the Risk Appetite, and supporting and overseeing Risk Appetite monitoring.

- Working with the local lines of business, functions and/or regions to understand and gather emerging risks to feed into the Model Risk Reports (Risk Maps, Risk Appetite Statements and/or Top and Emerging Risk Reports).

- Perform compliance, thematic and other types of model risk assurance reviews under the direction of the Global Model Risk Governance team.

- Overseeing, escalating and providing guidance on the identification of conduct impacts across their risk types and activities owned by the first line, including where control weaknesses and risk events impact the delivery of good outcomes.

- Review and support approval of dispensations and risk acceptances from Model Risk Policy and Model Risk Standards from regional perspective.

- Review and support approval model of tier ratings from regional perspective.

Requirements:

- Form close working relationships with senior stakeholders at regional and country level.

- Collaborate with Global and Regional Business Risk Stewardship colleagues to escalate risks and issues as appropriate.

- Execute the Group Model Risk policies and implement Operational Risk and Non-Financial Risk Programme deliverables.

- Adopt a risk management and internal control structure, referred to as the Three Lines of Defence, to ensure it achieves its commercial aims while meeting regulatory and legal requirements and its responsibilities to stakeholders, customers and staff. All staff must familiarise themselves and adhere at all times with the role and supporting responsibilities they play in the Three Lines of Defence.