At a Glance
- Tasks: Lead the development of a model risk framework and ensure compliance with global regulations.
- Company: Join a forward-thinking organisation focused on governance and risk management.
- Benefits: Competitive salary, professional growth opportunities, and a dynamic work environment.
- Other info: Collaborate with diverse teams and promote a culture of accountability and transparency.
- 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.
Head of Governance - Model Risk Management in City of Westminster employer: The Vanguard Group
Vanguard is an exceptional employer that fosters a culture of accountability and innovation, particularly in the rapidly evolving fields of model risk management and AI governance. With a commitment to employee growth, we offer robust training programs and leadership opportunities, ensuring our team members are well-equipped to navigate industry changes. Located in a dynamic environment, Vanguard provides a collaborative workspace where strategic thinkers can thrive and make a meaningful impact on enterprise decision-making.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Governance - Model Risk Management in City of Westminster
✨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 important it is to build relationships that could lead to job opportunities.
✨Tip Number 2
Prepare for interviews by researching the company and its model risk practices. We recommend practising common interview questions and having your own questions ready to show your interest and knowledge about the role.
✨Tip Number 3
Showcase your expertise! Bring examples of your past work related to governance and model risk management to the table. We want to see how you’ve tackled challenges and driven change in previous roles.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Head of Governance - Model Risk Management in City of Westminster
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the specific skills and experiences that align with the Head of Governance - Model Risk Management role. Highlight your experience in developing enterprise-wide policies and frameworks, as well as any relevant technical qualifications.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about model risk management and how your background makes you the perfect fit for this role. Don’t forget to mention your leadership experience and ability to influence decision-making.
Showcase Your Analytical Skills:In your application, be sure to highlight your strong analytical and problem-solving capabilities. Provide examples of how you've tackled complex issues in the past, especially in relation to model risk or AI governance.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets the attention it deserves. Plus, it shows us you’re serious about joining our team!
How to prepare for a job interview at The Vanguard Group
✨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 practices 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 landscape.
