Lead: Model Governance, Monitoring, and Oversight

Capitec Bank is seeking an experienced Lead: Model Governance, Monitoring, and Oversight to join their team in Stellenbosch.

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Who We Are

We are a bank that believes in enabling people to control their financial lives through simplified, accessible, and affordable banking.

Why Choose Us

At Capitec, we offer our best by living up to our CEO values in every situation – we always put the Client first, act with Energy, and take Ownership.

About The Role/Team

Our Model Risk & Insights function plays a central role in driving responsible and compliant banking practices. You’ll be part of a highly skilled team reporting directly to the Head of Model Risk and Insights.

What You’ll Be Doing

• Lead responsibilities: Own the governance, monitoring, and oversight of adherence to the Model Risk Policy and Model Risk Management Processes & Standards.
• Model oversight, reporting & escalation: Oversee remediation of models identified as risk; ensure risks are recorded, actioned, and reported per policy.
• Model maintenance: Oversee model inventory and metadata quality (e.g., in Collibra), ensuring conceptual soundness and policy compliance.
• Model monitoring & analysis: Design and implement a structured monitoring framework post-deployment.
• MTSC support: Plan and manage weekly MTSC sessions, ensuring stakeholders are prepared and documentation meets standards.

What We Are Looking For

• 5+ years’ experience in model risk management, quantitative analysis, or decision science.
• Banking Expertise: Solid understanding of banking regulations (Basel, IFRS9, CBS239, RDARR principles).
• Governance Knowledge: Strong background in model governance, validation, monitoring, or oversight functions.
• Technical Skills: Experience with model and data governance tools (e.g., Calibra), data monitoring, and reporting (Power BI).

Education

Honours Degree in Statistics or Risk Management (minimum)