AI Summary
Lead enterprise-wide model risk framework development and oversight. Ensure regulatory compliance and integrate with enterprise risk functions. Drive transparency, accountability, and risk excellence across AI and model governance.
Key Highlights
Strategic leadership for model risk framework across Vanguard
Regulatory compliance liaison for internal audit and external regulators
Hybrid working model with flexible collaboration options
Key Responsibilities
Lead the development, adoption and maintenance of the model risk framework, including policies, standards, business processes, and controls
Monitor industry trends to ensure the model risk framework remains effective and efficient in managing evolving risks
Partner with leaders across Vanguard to ensure model risk practices are well integrated with Enterprise, Data, Technology, Operational, and AI risk frameworks
Support the Model Risk committee and oversee establishment of supporting Divisional Model Risk Governance forums
Prepare executive-level materials for Risk Committees, Audit Committees and the Board
Provide meaningful insights on model risk themes, emerging issues and model performance trends
Establish robust processes for challenge, escalation and dispute resolution
Serve as liaison for model risk with internal (audit) and external (regulatory) stakeholders
Ensure timely remediation of regulatory and audit findings
Stay current on evolving global regulations, execute gap assessments and drive remediation efforts
Direct cross-functional processes such as enterprise-wide model inventory attestation to support completeness and accuracy
Support development and reporting of the model risk appetite and associated Key Risk Indicators
Partner with the technology product owner to define requirements for model life cycle platforms
Ensure governance processes are automated, scalable and executed to high data quality standards
Lead the team of governance professionals
Partner closely with the broader model risk community and connecting stakeholders (Developers, Owners, Validators, IT, Audit, AI and Enterprise Risk)
Promote a culture of transparency, accountability and the risk mindset
Technical Skills Required
Benefits & Perks
Hybrid working model
Job Description
Overview:
We’re seeking a strategic and forward‑thinking Head of Governance – Model Risk Management to shape and lead an enterprise‑wide model risk framework in an environment where models, data, and AI are rapidly evolving. This leader will ensure models across the organization are transparent, well‑governed, and aligned with global regulatory expectations—driving defensible practices, strong oversight, and meaningful risk insight for senior leadership and regulators.
If you are passionate about elevating governance, influencing enterprise decision‑making, and building a culture of accountability and risk excellence, this is a high‑impact opportunity to lead the future of model and AI governance.
Responsibilities:
Framework Leadership
- Lead the development, adoption and maintenance of the model risk framework, including policies, standards, business processes, and controls.
- Monitor industry trends to ensure the model risk framework remains effective and efficient in managing evolving risks.
- Partner with leaders across Vanguard to ensure model risk practices are well integrated with Enterprise, Data, Technology, Operational, and AI risk frameworks.
- Support the Model Risk committee and oversee establishment of supporting Divisional Model Risk Governance forums.
- Prepare executive-level materials for Risk Committees, Audit Committees and the Board.
- Provide meaningful insights on model risk themes, emerging issues and model performance trends.
- Establish robust processes for challenge, escalation and dispute resolution.
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- Serve as liaison for model risk with internal (audit) and external (regulatory) stakeholders.
- Ensure timely remediation of regulatory and audit findings.
- Stay current on evolving global regulations, execute gap assessments and drive remediation efforts to ensure on-going compliance.
- Direct cross-functional processes such as enterprise-wide model inventory attestation to support completeness and accuracy.
- Support development and reporting of the model risk appetite and associated Key Risk Indicators.
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- Partner with the technology product owner to define requirements for model life cycle platforms.
- Ensure governance processes are automated, scalable and executed to high data quality standards.
- Lead the team of governance professionals.
- Partner closely with the broader model risk community and connecting stakeholders (Developers, Owners, Validators, IT, Audit, AI and Enterprise Risk).
- Promote a culture of transparency, accountability and the risk mindset.
- Advanced degree in a technical field (e.g., math, statistics, computer science).
- At least eight years of relevant experience, including four years developing enterprise-wide policies, standards and protocols in model risk, AI or a related discipline.
- Deep knowledge of model risk frameworks (SR11-7, SS1/23); experience with AI frameworks and the EU AI Act preferred.
- Ability to drive enterprise-wide change and managing complex stakeholder environments.
- Strong analytical, problem-solving and decision-making capabilities.
- Exceptional communication and executive-presence skills with proven experience presenting to senior committees and managing executive-level stakeholders.
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Sponsorship
Vanguard is offering visa sponsorship for this position.
About Vanguard
At Vanguard, we don't just have a mission—we're on a mission.
To work for the long-term financial wellbeing of our clients. To lead through product and services that transform our clients' lives. To learn and develop our skills as individuals and as a team. From Malvern to Melbourne, our mission drives us forward and inspires us to be our best.
How We Work
Vanguard has implemented a hybrid working model for the majority of our crew members, designed to capture the benefits of enhanced flexibility while enabling in-person learning, collaboration, and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.
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