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- Tasks: Lead the development of a model risk framework and ensure compliance with global regulations.
- Company: Join Vanguard, a mission-driven company focused on client financial wellbeing.
- Benefits: Enjoy hybrid working, competitive salary, and opportunities for professional growth.
- Why this job: Shape the future of AI governance and make a real impact in a dynamic environment.
- Qualifications: Advanced degree and extensive experience in model risk management required.
- Other info: Visa sponsorship available; thrive in a collaborative culture.
The predicted salary is between 72000 - 108000 £ per year.
We are 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 ongoing 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 manage 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.
About Vanguard
At Vanguard, we don’t just have a mission—we’re on a mission. To work for the long-term financial wellbeing of our clients. To lead through products and services that transform our clients’ lives. To learn and develop our skills as individuals and as a team. From Malvern to Melbourne, our mission drives us forward and inspires us to be our best.
How We Work
Vanguard has implemented a hybrid working model for the majority of our crew members, designed to capture the benefits of enhanced flexibility while enabling in-person learning, collaboration, and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.
Head of Governance - Model Risk Management employer: Vanguard Group, Inc.
Contact Detail:
Vanguard Group, Inc. Recruiting Team
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 and its culture. Understand their model risk framework and be ready to discuss how your experience aligns with their needs. We want you to shine and show them why you’re the perfect fit!
✨Tip Number 3
Practice your pitch! Be clear about your achievements and how they relate to the role. We recommend rehearsing with a friend or in front of a mirror to boost your confidence before the big day.
✨Tip Number 4
Follow up after interviews with a thank-you note. It’s a simple gesture that shows your appreciation and keeps you top of mind. We believe this small step can make a big difference in leaving a lasting impression!
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 specific responsibilities mentioned in the job description.
Showcase Your Leadership Skills: As a Head of Governance, you'll need to demonstrate your ability to lead teams and influence decision-making. Use examples from your past roles to illustrate how you've successfully managed stakeholders and driven change.
Be Clear and Concise: When writing your application, keep it straightforward and to the point. We appreciate clarity, so avoid jargon and ensure your key achievements stand out. This will help us quickly see your potential fit for the role.
Apply Through Our Website: We encourage you to submit your application directly through our website. This ensures that your application is received promptly and allows us to process it efficiently. Plus, it’s the best way to stay updated on your application status!
How to prepare for a job interview at Vanguard Group, Inc.
✨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've handled regulatory findings in the past and your approach to ensuring ongoing compliance.