Head of Model Risk Oversight

📋 Description

• Define and implement EU-wide MRM framework and risk appetite.
• Lead MROC reporting, validations and escalations to ERC/BRC.
• Maintain centralized model validation standards and AI registries.
• Lead 2LOD validation of material/high-risk models pre-deployment.
• Establish ongoing monitoring standards: back-testing, benchmarking, drift.
• Issue 2LOD opinions and track validation actions to ERC/BRC.

🎯 Requirements

• MSc/PhD in quantitative field (Stats/Math/Data Science/Physics).
• Extensive MRM experience in a tier-1 bank or equivalent.
• Advanced knowledge of PD, LGD, IFRS9, ICAAP/ILAAP, stress testing.
• Deep understanding of ECB, GDPR, and EU AI Act regulations.
• Proficient in SQL and Python; interest in generative AI tools.
• Proven ability to design and scale risk governance frameworks.

🎁 Benefits

• Salary range €102,000-€387,000 + incentive awards.
• Based in Madrid or Barcelona; travel to Dublin/London.
• 38 days annual leave.
• €1,200 learning budget per year.
• Private healthcare scheme and wellbeing benefits.
• Relocation support to Spain.