Head of Model Risk Management – MRM

Role Overview

• Define, implement, and maintain Ayvens’ Model Risk Management (MRM) framework in line with SG Group policies, standards, and methodologies.
• Ensure consistent application of MRM principles across all entities, geographies, and model families used within Ayvens.
• Establish and regularly update internal rules governing model identification, inventory, tiering, validation, ongoing monitoring, and remediation.
• Act as the reference authority for the interpretation and application of Group MRM standards within Ayvens.
• Supervise the proper identification, classification, and documentation of all models used within Ayvens (across all entities and geographies).
• Ensure that models undergo appropriate independent review prior to use, including assessment of: Conceptual soundness, Quality and relevance of data, Correctness of implementation, Adequacy of usage and controls, Robustness of ongoing monitoring.
• Oversee remediation plans arising from review findings, ensuring timely and effective resolution of weaknesses.
• Ensure proportionality of MRM requirements based on model materiality and risk rating.
• Provide effective challenge to the first line of defense on model design choices, assumptions, limitations, usage, and risk mitigation techniques.
• Ensure a clear and efficient allocation of responsibilities between 1LoD and 2LoD, while maintaining strong independence and authority.
• Escalate material model risk issues to senior management and governance bodies when required.
• Chair Model Approval Meetings.
• Coordinate Ayvens Model Risk Management Committee.
• Define, produce, and present clear and action‑oriented reporting on model risk exposure to Senior Management and SG Group MRM governance (including SG MRM Committee).
• Contribute to Group‑level forums, promoting best practices and consistency.
• Participate to AI Governance.
• Lead and develop MRM teams located in multiple locations (Paris / Amsterdam).
• Assess resource needs, skills, and capacity to ensure sustainable delivery of MRM activities.
• Promote continuous upskilling on model risk topics, including emerging risks linked to AI and regulatory change.
• Act as a senior expert and trusted advisor to Ayvens’ management on model risk‑related decisions.
• With the help of SG MRM experts, monitor regulatory developments impacting model risk (banking regulation, internal models, AI Act, supervisory expectations).
• Ensure timely implementation of regulatory changes within the MRM framework.
• Act as the primary contact for regulators and internal audit on model risk topics.

Requirements

• Minimum 10 years’ experience in quantitative research, model review, model governance, or quantitative audit
• Experience in banking or consulting environments preferred
• Proven track record in leading risk management or model risk teams
• Strong leadership and ability to drive cross-functional collaboration
• Excellent communication and stakeholder management skills at all organizational levels
• Analytical and organizational skills to manage complex model risk processes
• Proactive approach to problem-solving and continuous improvement
• Assertiveness and ability to challenge and influence at executive level
• Master’s degree or higher in a quantitative or technical discipline (e.g., Computer Science, Economics, Econometrics, Mathematics, Statistics)
• In-depth knowledge of model risk management and risk governance
• Understanding of European and international banking/financial regulations
• Excellent written and verbal communication (English required; French and Dutch are assets)
• Strong analytical and organizational skills
• Ability to manage multiple priorities and stakeholders
• Leadership and team management
• Training and knowledge-sharing capabilities
• Appetite for innovation (AI, automation, etc)

Benefits

• Professional development opportunities
• Flexible work arrangements