Model Risk Management Head

About the role

Head of Model Risk Management leads enterprise oversight of models used in insurance and financial services. The role establishes and drives model risk policies and governance, ensuring models are properly managed throughout their lifecycle.

Responsibilities

• Develop model risk frameworks, standards, and governance practices.
• Oversee model inventory management and ensure completeness and accuracy.
• Coordinate independent model validation and challenge model methodologies and assumptions.
• Ensure models are well-documented, tested, monitored, and that issues are remediated.
• Partner with actuarial, finance, data, technology, and business stakeholders to address model risk.
• Translate complex technical findings into clear recommendations for executives and governance committees.

Qualifications

• Deep quantitative risk expertise and strong judgment in model risk activities.
• Expertise in model documentation, testing, monitoring, and remediation practices.
• Collaborative leadership and ability to influence cross-functional teams.
• Clear communication of technical issues and governance decisions.