Model Risk Manager

23 hours ago


Johannesburg, South Africa Communicate Recruitment Full time

Looking for a talented and driven Model Risk Manager to join our team

We are a leading financial institution seeking an experienced Manager with expertise in credit, market risk, and insurance modeling. As the Model Risk Manager you will be responsible for ensuring that all models used by the company are accurate, reliable, and meet regulatory requirements.

**Requirements**:

- Bachelor's or Master's Degree in a quantitative field, such as Mathematics, Statistics, or Finance.
- 7+ years of experience in risk modeling and model validation, with a focus on credit, market risk, and insurance.
- Experience managing a team of analysts or model validators.
- Proficiency in programming languages such as SAS.
- Excellent communication and interpersonal skills, with the ability to interact effectively with senior management, auditors, and regulators.
- Strong analytical and problem-solving skills, with the ability to interpret complex data and develop effective solutions.
- Experience with machine learning techniques and big data is a plus.

**Responsibilities**:

- Oversee the validation of all credit, market risk, and insurance models used by the company.
- Develop and implement policies and procedures for model risk management and validation.
- Review and approve model documentation, testing results, and model use cases.
- Collaborate with model developers to ensure that models are appropriately designed and tested.
- Stay up-to-date with industry trends and regulatory requirements related to model risk management.
- Provide regular reports and updates to senior management, auditors, and regulators.

For more information please contact:
Alet Slabber


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