Lead: Model Governance, Monitoring & Oversight

Recruiter:

Network Recruitment

Job Ref:

NFP016102/ZG

Date posted:

Tuesday, September 23, 2025

Location:

Stellenbosch, South Africa

Salary:

Annually

SUMMARY:
Are you passionate about model risk, governance and ensuring models deliver real business value in a regulated banking environment? We’re hiring a Lead Model Governance, Monitoring & Oversight for a major South African bank.

POSITION INFO:
In this role, you’ll be at the forefront of shaping how the organisation governs, monitors, and improves its models. You’ll bridge the gap between technical modelling teams, risk stakeholders and senior decision-makers — giving you visibility, influence, and the opportunity to drive change.

You’ll love it if you’re looking for meaningful work that combines technical expertise with leadership, offers exposure to regulatory frameworks, and provides a chance to make a lasting impact on the bank’s risk culture and client outcomes.

Key Responsibilities:

Own governance and oversight of the Model Risk Policy and associated standards; lead annual updates and policy reviews.
Drive remediation and resolution of validation findings, working with model developers to agree action plans and evidence closure.
Maintain and improve the model inventory and metadata (Collibra or similar), ensuring conceptual soundness and policy compliance.
Design and implement post-deployment model monitoring frameworks, define performance metrics, thresholds and escalation triggers.
Prepare and manage regular governance forums (MTSC), including agendas, materials, action tracking and reporting to stakeholders.
Produce clear model risk reporting and escalate material model risks per policy and regulatory expectations.

Job Experience and Skills Required:

Education: Honours Degree in Statistics or Risk Management (minimum)
Experience:
- 5+ years’ experience in model risk management, validation, quantitative analysis, or decision science — preferably within banking.
- Strong understanding of banking/regulatory frameworks (Basel, IFRS 9, BCBS 239 / RDARR).
Skills:
- Technical familiarity with model/data governance tools (e.g., Collibra), and reporting tools such as Power BI.
- Excellent stakeholder management, communication and facilitation skills in a regulated environment.

Apply now!

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