Global Director, Model Risk Governance

The mandate

The Global Director will own the enduring system through which quantitative models are inventoried, risk-rated, approved, monitored, changed and retired. The purpose is not to multiply policy gates. It is to ensure that the depth and independence of challenge follow the consequence of model failure, and that accountable executives can see where uncertainty, limitation or unvalidated use affects a decision.

During the first hundred days, the appointee will reconcile the model universe to independent indicators, test current tiering logic, inspect overdue validation and examine how limitations reach users. No assumptions about organisation, business line, model count or technology are disclosed before candidate-authorised release. The diagnosis must therefore begin with use, decision consequence and evidence, not a preconceived governance blueprint.

Delegated authority will include approving model-risk standards, setting validation priority, restricting use when evidence fails minimum thresholds and requiring owners to remediate material findings. Final acceptance of the highest-residual-risk uses remains with designated executive governance. Model development, commercial decisions and independent assurance each retain their separate accountability.

By month six, every consequential model should have a named owner, independent reviewer, approved use boundary and visible limitation record. By month twelve, unregistered use and unmanaged validation ageing should be lower, material changes should reach review before deployment, and exceptions should carry time-bound risk acceptance rather than indefinite waivers.

The permanent leadership requirement is to build credible challenge at several levels. Validators must understand modelling and decisions; owners must understand why controls exist; senior governance must be able to act on concise residual-risk language. Success is measured by earlier intervention and better-informed use, not a superficially clean inventory.

What you will own

• Establish a complete model and quantitative-method inventory linked to accountable use, owner, tier and decision consequence.
• Define risk classification using financial exposure, customer impact, complexity, uncertainty, substitutability and control dependence.
• Set independence and evidence standards for conceptual review, implementation testing, outcome analysis and ongoing monitoring.
• Restrict or condition model use when validation, data, performance or limitation evidence falls below approved tolerance.
• Govern material-change classification so redevelopment cannot bypass fresh challenge through administrative relabelling.
• Present aggregated model risk, accepted limitations and concentration themes to executive and board-level governance.
• Direct remediation priorities and challenge extension requests against consequence, progress and credible compensating controls.
• Develop validation leaders through calibrated decision rights, cross-method review and observed committee advocacy.

Candidate qualifications

• Demonstrate enterprise model-risk accountability across materially different quantitative methods and decision uses.
• Describe an unregistered model or model-like tool you discovered and the independent indicator that exposed it.
• Show how you restricted a high-value use while preserving necessary decisions through transparent compensating controls.
• Evidence design of tiering that changed validation depth and timing rather than merely relabelling inventory entries.
• Explain how you communicated model uncertainty and limitation to executives without technical dilution or alarmism.
• Provide measured reduction in overdue review, unapproved change or repeat findings after a governance intervention.
• Show that validators you developed became credible independent decision makers rather than procedural reviewers.

Working terms and boundaries

• This is a full-time permanent appointment with first-year gates at inventory integrity, risk-based governance and sustainable adoption.
• The Director controls model-risk standards and delegated restrictions but does not own development output or underlying business decisions.
• Annual incentives and long-term awards reflect durable risk transparency, challenge quality and leadership depth, not a zero-finding target.
• Hybrid attendance intensifies for validation decisions, limitation acceptance and senior governance sessions.
• Financial interests, recent model-provider work and assurance relationships require clearance before confidential uses are identified.

Application

Applications for this mandate are received in one way only: through the India Board Terminal's application process. It is automated end to end. Your Executive Passport travels to the mandate holder in its confidential form, your answers to the three questions below are read before anything else in your file, and every stage that follows is recorded on your applications page.

There is no address to write to and no intermediary to call. The mandate holder reads what the Terminal delivers and nothing else, which is what keeps the process the same for every applicant and keeps your name out of it until you release it. Applications close on 5 October 2026. Mandate reference QNT-PER-2026-LON-01.