At a Glance
- Tasks: Lead the development of a model risk framework and ensure compliance with global regulations.
- Company: Join Vanguard, a leader in investment management with a commitment to innovation.
- Benefits: Competitive salary, visa sponsorship, and opportunities for professional growth.
- Other info: Dynamic role with a focus on transparency, accountability, and collaboration.
- Why this job: Shape the future of model and AI governance while influencing enterprise decision-making.
- Qualifications: Advanced degree in a technical field and extensive experience in model risk management.
The predicted salary is between 80000 - 100000 £ per year.
We’re seeking a strategic and forward‑thinking Head of Governance – Model Risk Management to shape and lead an enterprise‑wide model risk framework in an environment where models, data, and AI are rapidly evolving. This leader will ensure models across the organization are transparent, well‑governed, and aligned with global regulatory expectations—driving defensible practices, strong oversight, and meaningful risk insight for senior leadership and regulators. If you are passionate about elevating governance, influencing enterprise decision‑making, and building a culture of accountability and risk excellence, this is a high‑impact opportunity to lead the future of model and AI governance.
Responsibilities
- Framework Leadership: Lead the development, adoption and maintenance of the model risk framework, including policies, standards, business processes, and controls. Monitor industry trends to ensure the model risk framework remains effective and efficient in managing evolving risks. Partner with leaders across Vanguard to ensure model risk practices are well integrated with Enterprise, Data, Technology, Operational, and AI risk frameworks.
- Committees and Senior Management Engagement: Support the Model Risk committee and oversee establishment of supporting Divisional Model Risk Governance forums. Prepare executive‑level materials for Risk Committees, Audit Committees and the Board. Provide meaningful insights on model risk themes, emerging issues and model performance trends. Establish robust processes for challenge, escalation and dispute resolution.
- Regulatory, Audit and Compliance: Serve as liaison for model risk with internal (audit) and external (regulatory) stakeholders. Ensure timely remediation of regulatory and audit findings. Stay current on evolving global regulations, execute gap assessments and drive remediation efforts to ensure on‑going compliance.
- Model Inventory and Risk Appetite: Direct cross‑functional processes such as enterprise‑wide model inventory attestation to support completeness and accuracy. Support development and reporting of the model risk appetite and associated Key Risk Indicators.
- Technology, Data and Processes: Partner with the technology product owner to define requirements for model life cycle platforms. Ensure governance processes are automated, scalable and executed to high data quality standards.
- Leadership and Stakeholder Management: Lead the team of governance professionals. Partner closely with the broader model risk community and connecting stakeholders (Developers, Owners, Validators, IT, Audit, AI and Enterprise Risk). Promote a culture of transparency, accountability and the risk mindset.
Qualifications
- Advanced degree in a technical field (e.g., math, statistics, computer science).
- At least eight years of relevant experience, including four years developing enterprise‑wide policies, standards and protocols in model risk, AI or a related discipline.
- Deep knowledge of model risk frameworks (SR11‑7, SS1/23); experience with AI frameworks and the EU AI Act preferred.
- Ability to drive enterprise‑wide change and managing complex stakeholder environments.
- Strong analytical, problem‑solving and decision‑making capabilities.
- Exceptional communication and executive‑presence skills with proven experience presenting to senior committees and managing executive‑level stakeholders.
Special Factors
Sponsorship: Vanguard is offering visa sponsorship for this position.
Head of Governance - Model Risk Management employer: 慨正橡扯
Vanguard is an exceptional employer that fosters a culture of accountability and risk excellence, making it an ideal place for professionals passionate about governance and model risk management. With a commitment to employee growth, Vanguard offers robust development opportunities and the chance to lead transformative initiatives in a rapidly evolving environment. Located in a dynamic setting, employees benefit from a collaborative work culture and the opportunity to influence enterprise decision-making at the highest levels.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Governance - Model Risk Management
✨Tip Number 1
Network like a pro! Reach out to connections in the industry, attend relevant events, and engage on platforms like LinkedIn. We can’t stress enough how personal connections can open doors that applications alone can’t.
✨Tip Number 2
Prepare for interviews by researching the company’s model risk framework and recent developments in AI governance. We recommend practising your responses to common questions and having examples ready that showcase your leadership and analytical skills.
✨Tip Number 3
Follow up after interviews! A quick thank-you email can leave a lasting impression. We suggest reiterating your enthusiasm for the role and mentioning something specific from the conversation to show you were engaged.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets the attention it deserves. Plus, we’re always looking for passionate individuals who want to shape the future of governance with us.
We think you need these skills to ace Head of Governance - Model Risk Management
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience in model risk management and governance. We want to see how your skills align with the job description, so don’t hold back on showcasing your relevant achievements!
Showcase Your Leadership Skills:As a Head of Governance, we’re looking for someone who can lead and inspire. Use your application to demonstrate your leadership experience, especially in developing policies and frameworks. Share specific examples where you’ve made an impact!
Be Clear and Concise:When writing your application, clarity is key! We appreciate straightforward language that gets to the point. Avoid jargon unless it’s necessary, and make sure your main points stand out. This will help us understand your qualifications quickly.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, you’ll find all the details you need about the role and our company culture there!
How to prepare for a job interview at 慨正橡扯
✨Know Your Frameworks
Make sure you’re well-versed in model risk frameworks like SR11-7 and SS1/23. Brush up on the latest trends in AI governance too, as this role is all about staying ahead of the curve.
✨Prepare Executive-Level Insights
Since you'll be presenting to senior committees, practice summarising complex information into clear, impactful insights. Think about how you can convey model performance trends and emerging issues succinctly.
✨Showcase Your Leadership Skills
Be ready to discuss your experience leading teams and managing stakeholders. Highlight specific examples where you’ve driven change or improved governance processes in previous roles.
✨Understand Regulatory Expectations
Familiarise yourself with current global regulations and compliance requirements. Be prepared to discuss how you would ensure timely remediation of audit findings and maintain compliance in a rapidly evolving environment.
