VP & Head of Model Validation and Governance Full Time NEW

Role Purpose

Lead the bank-wide independent model validation and model governance framework across all models used for risk, finance, compliance, and business decisioning. Ensure robust validation, effective model lifecycle governance, and proactive management of model risk in line with CBUAE Model Management Standards and global best practices.

What You Will Do

:Independent Model Validatio

• nLead validation across risk, finance, business and compliance model
• sEnsure risk-based validation coverage based on materiality and complexit
• yAssess: methodology, data, assumptions, performance, implementation, and documentatio
• nOversee back-testing, benchmarking, and ongoing monitorin

g
Enterprise Model Governan

• ceOwn end-to-end model governance framework and lifecyc
• leMaintain model inventory, tiering, and ownership structu
• reDefine and maintain Model Management policy and standards for each phase of model development, validation, implementation, usage and monitori
• ngOversee model changes, limitations, exceptions, and third-party mode

ls
Model Risk Appetite and Model Risk Managem

• entDefine and implement model risk appetite and thresho
• ldsMonitor model risk exposures and ensure timely remediat
• ionTrack validation findings and escalate material iss
• uesEmbed model risk within enterprise risk managem

ent
Management and Board Committee Govern

• anceLead engagement with Model Management and Board Model commit
• teesPresent validation outcomes, key risks, and approval recommendat
• ionsEnsure decisions are documented, justified, and tra

cked
Regulatory Compliance and External Benchma

• rkingEnsure compliance with CBUAE MMSG and related regula
• tionsAlign framework with global best practices (e.g., risk-based model risk manage
• ment)Support audit and regulatory re

views
AI / ML Model Validation and Emerging Ana

• lyticsEstablish validation standards for AI/ML
• modelsAssess explainability, bias, stability, and model
• driftEnsure appropriate governance for complex
• modelsDefine monitoring and challenger model fra

mework
Stakeholder Management and A

• dvisoryPartner with Risk, Finance, Compliance, IT, and Busines
• s teamsProvide independent challenge and advisory on model design an
• d usageEnsure timely closure of validation f

indings
Team Le

• adershipLead and develop a high-performing validation and governa
• nce teamBuild capabilities across quantitative validation, governance, a

nd AI/ML
What We You Wi

• ll Bring:Master’s (or higher) in quantitative discipline (Economics, Statistics, Maths, Data Science, Finance, Eng
• ineering)12–15 years in model validation / model risk m
• anagementExperience across risk, finance, and complian
• ce modelsStrong exposure to CBUAE regulatio
• ns (MMSG)Experience with model governance frameworks and c
• ommitteesHands-on experience with AI/ML model v

alidationRegulatory / G

• overnanceDeep knowledge of CBUAE Model Management Standards &
• GuidanceFamiliarity with UAE banking regulations and global model risk f

rameworksQuantitative / V

• alidationStrong expertise in validation techniques, model performance testing, and m
• onitoringCoverage across credit risk, IFRS9, stress testing, AML/fraud, and forecasti
• ng modelsUnderstanding of AI/ML validation challenges and

controlsLeadership Com

• petenciesStrong executive presence and independent
• challengeAbility to translate technical outputs for senior sta
• keholdersStrong governance mindset and attention
• to detailStakeholder management and deliv

ery focus