MUFG
Head of Model Risk Governance, Enterprise Risk Management EMEA, Director
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Discover Your Opportunity with Mitsubishi UFJ Financial Group (MUFG)
Do you want your voice heard and your actions to count? Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 150,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.
With a vision to be the world’s most trusted financial group, it’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.
Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.
Head of Model Risk Governance - Enterprise Risk Management EMEA
MUFG, one of the world’s leading financial groups with a rich heritage spanning over 350 years and a global presence in more than 50 countries, is seeking a Head of Model Risk Governance for its Enterprise Risk Management team in EMEA. Based in London, this pivotal role offers you the opportunity to shape and oversee model risk governance across a complex and diverse regional portfolio, supporting both MUFG Bank and MUFG Securities EMEA plc.
Key Responsibilities:
- Governance and Oversight: Oversee the region’s model risk framework, promoting comprehensive identification, inventory, ownership, classification, and tiering of models and material quantitative methods within the regional scope to ensure accurate oversight.
- Validation Planning: Utilize inventory and risk information to support a forward-looking validation plan that includes new models, periodic reviews, material changes, and event-driven assessments.
- Lifecycle Management: Monitor adherence to model lifecycle controls such as development, approval, implementation, use, performance monitoring, change management, decommissioning, and record retention.
- Risk Mitigation: Evaluate the adequacy of model risk mitigants including overlays, adjustments, restrictions, contingency approaches, and additional controls; ensure these are governed effectively and removed when no longer required.
- Risk Identification: Identify concentrations, interdependencies, aggregate exposures, and emerging risks across the regional portfolio; ensure these are reflected in risk appetite statements and management reporting.
- Collaboration: Partner with Internal Audit while maintaining clear lines of accountability and independent assurance to strengthen governance outcomes.
- Global Alignment: Promote global alignment of MUFG’s model risk management programme by ensuring consistency with regulatory expectations and globally set policies.
- Validation Plans: Establish achievable validation plans for all models by working closely with owners and developers to bring them up to standard.
- Reporting: Deliver timely risk-based comprehensive validation plans with consistently high technical quality and documentation standards. Provide clear reporting of regional model risk to stakeholders including the Global Head of Model Risk Management (MRM) and relevant governance committees.
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Requirements:
- Experience: Extensive experience in model risk management or independent model validation within a complex financial institution.
- Leadership: Demonstrated leadership of geographically distributed technical teams—including managers and senior individual contributors.
- Knowledge: Deep knowledge of model governance processes and practical experience across multiple model families such as credit, market, counterparty risk, treasury functions, stress testing frameworks, capital calculations, financial crime prevention models or financial reporting tools.
- Regulation: Strong understanding of PRA SS1/23 requirements along with familiarity with other major global MRM regimes and supervisory practices.
- Engagement: Experience engaging senior management teams, board committees or Internal Audit functions on complex model risk matters.
- Education: Advanced degree in a quantitative discipline such as mathematics, physics, statistics, economics or financial engineering—or equivalent relevant experience.
- Analytics: Experience with advanced analytics techniques including artificial intelligence (AI), machine learning (ML), vendor models or related governance considerations.
- Communication: Excellent communication skills enabling you to convey complex concepts clearly across diverse audiences.
- Composure: A calm approach under pressure combined with strong numerical skills ensures effective performance during tight deadlines or challenging situations.
- Tools: Proficiency in Microsoft Office applications supports efficient documentation and reporting.
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What Sets MUFG Apart:
MUFG stands out as one of the world’s most respected financial groups—a legacy built on nearly four centuries of trustworthiness and dependability. With headquarters in Tokyo but a truly global reach spanning over 2,300 offices across more than 50 countries—including Europe’s vibrant financial hub in London—the organisation offers unparalleled opportunities for professional growth within an inclusive environment.
What's Next:
If you’re ready to take your expertise in model risk governance to new heights within one of the world’s leading financial institutions—apply now!
Apply today by clicking on the link provided.
Flexible Working and Diversity:
We are open to considering flexible working requests in line with organisational requirements. MUFG is committed to embracing diversity and building an inclusive culture where all employees are valued, respected and their opinions count. We support the principles of equality, diversity and inclusion in recruitment and employment, and oppose all forms of discrimination on the grounds of age, sex, gender, sexual orientation, disability, pregnancy and maternity, race, gender reassignment, religion or belief and marriage or civil partnership.
We make our recruitment decisions in a non-discriminatory manner in accordance with our commitment to identifying the right skills for the right role and our obligations under the law.
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