Manager Model Governance & Model Validation

Senior Talent Acquisition Specialist

Job Title
:
Manager Model Governance & Model Validation

Job Location
:
Dubai UAE

We are looking for a manager model governance and validation who will be responsible for end-to-end model management across the bank, including governance, validation, implementation, and oversight of externally developed models. Responsibilities include retaining full internal ownership of models developed by consultants or vendors and ensuring compliance with CBUAE Model Management Standards
, Basel II/III
, IFRS 9, and internal policies.

• Serve as the internal owner of all models.
• Ensure full knowledge transfer from consultants (methodology, data, assumptions, limitations).
• Oversee the complete model lifecycle: design, development, validation, implementation, monitoring, change management, and retirement.
• Ensure models align with business, risk, and regulatory objectives.
• Implement and maintain the Model Risk Management Framework.
• Manage model inventory, classification, materiality, and risk controls.
• Track and resolve model issues and findings.
• Lead Model Governance Committees and prepare governance materials.

• Contribute to the Data Management Framework (DMF).
• Manage large structured and unstructured datasets for modeling.
• Ensure data quality, secure storage, controlled access, and strong infrastructure.
• Ensure model development standards meet regulatory expectations.
• Oversee consultant/vendor model development with transparency and knowledge transfer.
• Ensure documentation meets best practices and regulatory standards.
• Oversee system implementation, testing, parallel runs, and reconciliations.
• Ensure proper controls, documentation, and approvals before model use.
• Confirm implemented models reflect approved methodologies.
• Lead independent validation of risk and non-risk models (credit, market, liquidity, capital, IFRS 9, stress testing, pricing, macroeconomic).
• Challenge assumptions, data quality, performance, and implementation accuracy.
• Use tools like Python, SAS, R, VBA, Excel for validation and monitoring.
• Document and ensure remediation of validation findings.

• Act as primary contact for regulators, audits, and supervisory reviews.
• Provide expert guidance and challenge to stakeholders and vendors.
• Support bank-wide initiatives (ICAAP, Stress Testing, Recovery & Resolution Planning).
• Monitor regulatory and industry developments in model risk management.

• Education: Bachelor’s or Master’s degree in a quantitative field (e.g., Mathematics, Statistics, Economics, Engineering, Finance).
• Experience: Minimum 7 years in quantitative risk, model governance, or validation.
• Expertise: Credit, market, liquidity, capital, pricing, and financial risk models; vendor-developed model oversight.
• Preferred
  
  Certifications:
  
  FRM, PRM, CQF, CFA, or equivalent.

If you believe that you could be a potential fit then send in your CVs to