Lead: Model Governance, Monitoring, and Oversight

Are you an experienced professional passionate about banking, risk management, and ensuring financial models are robust and compliant? Capitec Bank, a leading South African bank, is looking for a Lead in Model Governance, Monitoring, and Oversight to join our dynamic team in Stellenbosch.

This is an exciting opportunity to play a crucial role in maintaining the integrity and compliance of all models used across the bank, aligning with key regulatory standards like Basel, IFRS 9, and RDARR (BCBS 239).

Who We Are: Capitec Bank

Capitec Bank is more than just a bank. We believe in empowering people to take control of their financial lives. We achieve this by offering banking that is simplified, accessible, and affordable, delivered through a personal experience. Our goal is to help clients manage their finances better, so they can live better lives.

Why Work at Capitec?

At Capitec, our core values—Client first, Energy, and Ownership—guide everything we do. We are committed to fostering a supportive environment where our employees can thrive. Our Employee Value Proposition includes working in cohesive teams, excellent growth opportunities, and competitive employee benefits. We ensure every team member feels welcome, valued, and has the chance to grow their career.

About the Role and Your Team

You will join the Model Risk & Insights team, a crucial function dedicated to responsible and compliant banking practices. This team ensures independent, transparent oversight of all models. You will report directly to the Head of Model Risk and Insights and work closely with validation, modelling, and risk teams.

As the Lead: Model Governance, Monitoring & Oversight, your main goal will be to manage and enforce our governance, compliance, and oversight processes for all bank models. This role is key to ensuring models meet regulatory requirements (like Basel, IFRS 9, and RDARR) and continuously provide business value. You will bridge the gap between technical model validation and wider governance, monitoring, and compliance efforts.

What You’ll Be Doing

• Lead Governance & Policy Adherence: Take ownership of model risk policy adherence, management processes, and standards. This includes updating key documents (like the Model Risk Policy) annually and ensuring validation outputs are resolved with modelling teams.
• Model Oversight & Reporting: Monitor and manage remediation for models identified as risky. You’ll classify risk levels, manage timelines, and escalate issues. This involves working with development teams to create action plans and ensuring compliance. You’ll also optimize reporting using tools like JIRA Service Desk.
• Model Inventory & Data Quality: Oversee the quality of our model inventory and data (e.g., in Collibra). You’ll ensure conceptual soundness and policy compliance, staying updated with RDARR standards for risk data. This includes implementing data quality processes and training.
• Model Monitoring & Analysis: Develop and implement a structured framework to monitor models after they’ve been deployed. You’ll define performance metrics, track model performance, and escalate issues. You’ll also support regular model reviews and integrate findings into risk reports.
• MTSC Support (Model Technical Steering Committee): Organize and manage weekly MTSC meetings. This involves preparing stakeholders, ensuring documentation is up to standard, maintaining governance records, tracking action items, and leading presentations. You’ll also review model documentation for policy compliance.

Who We Are Looking For (Requirements)

• A minimum of 5 years of experience in model risk management, quantitative analysis, or decision science. This should include hands-on experience with full model development, predictive modelling, and various modelling techniques.
• Strong understanding of banking regulations such as Basel, IFRS 9, BCBS 239, and RDARR principles.
• Proven background in model governance, validation, monitoring, or oversight roles.
• Technical skills in model and data governance tools (e.g., Collibra), data monitoring, and reporting tools like Power BI.
• Excellent collaboration skills, able to work effectively with various teams and stakeholders in a regulated banking environment.

Education

An Honours Degree in Statistics or Risk Management is the minimum qualification required.

How to Apply

Capitec Bank is committed to diversity, and appointments will support our employment equity goals where feasible. To apply for this exciting opportunity, please follow these two steps:

1. First, complete a short assessment and learn more about life at Capitec by visiting their talent portal: Capitec Assessment Link
2. After completing the assessment, finalize your application by clicking the ‘Apply now’ button on the official Capitec careers page: Apply on Capitec Careers