Model Governance Specialist

Role Overview

We are seeking an experienced Model Governance Specialist with 69 years of experience to support SS1/23 remediation activities, aligned with Model Risk Management (MRM) principles for banks . The role will focus primarily on strengthening and remediating model documentation , ensuring compliance with regulatory expectations and internal governance standards.

The successful candidate will have strong familiarity with pricing models , end-to-end model lifecycle governance, and regulatory model risk frameworks within a banking environment.

Key Responsibilities

• Lead and support SS1/23 remediation initiatives , with a strong emphasis on documentation uplift and gap remediation
• Review, enhance, and standardise model documentation , including:
• Model methodology documents
• Model development and validation artefacts
• Assumptions, limitations, and usage documentation
• Ensure alignment of model governance practices with SS1/23 Model Risk Management Principles
• Work closely with:
• Model developers
• Model validation teams
• Risk and compliance stakeholders
• Support governance across the model lifecycle , including:
• Model inventory management
• Model approval and change control
• Periodic reviews and revalidation readiness
• Assess existing pricing models for governance gaps and recommend remediation actions
• Prepare materials for internal governance forums and regulatory reviews
• Ensure documentation meets regulatory scrutiny and audit standards

Required Skills & Experience

• Strong experience in Model Governance / Model Risk Management within banking
• Hands-on experience with SS1/23 or equivalent regulatory frameworks
• Strong familiarity of pricing models (e.g. interest rate, valuation, product pricing models etc)
• Proven experience remediating model documentation to regulatory standards
• Knowledge of model lifecycle governance, including development, validation, approval, and monitoring
• Experience working with regulatory expectations, audits, or supervisory reviews
• Ability to translate technical model concepts into clear, regulator-ready documentation

Preferred / Nice-to-Have

• Prior involvement in regulatory remediation programmes
• Background in quantitative risk, finance, or analytics (hands-on modelling not mandatory)
• Familiarity with internal bank model governance frameworks and policies

Stakeholder exposure: Risk, Quant, Finance, Compliance, Audit