Senior Risk Partner - Model Risk Management (MRM)

About the Company

Our client is a leading international banking organization that is currently strengthening and expanding its 1st Line of Defence structures in Poland.

Within this function, the organization focuses on enabling robust non-financial risk management and fostering a proactive, consistent, and transparent risk culture across Personal Customers, Large Corporates & Institutions, and Business Customers.

The environment is dynamic and evolving, with strong emphasis on governance, regulatory compliance, and effective risk identification and oversight.

About the Role

As a Senior Risk Partner – Model Risk Management, you will play a key role in providing independent model risk oversight across business units, particularly within Markets and Asset Management.

This is not a model development or validation role. Instead, you will act as a trusted partner to the business, ensuring that model risks are properly identified, assessed, governed, and monitored throughout the model lifecycle.

You will collaborate closely with model owners responsible for development and usage and model validation and governance teams, while maintaining a strong focus on model risk governance, inventory management and regulatory compliance.

Your Responsibilities

• Model Risk Oversight: Provide independent oversight of model risk across business areas, ensuring alignment with internal policies and regulatory expectations.
• Model Inventory Management: Maintain and enhance the model inventory, ensuring completeness, accuracy, and proper classification of models.
• Risk Assessments: Coordinate and support business units in conducting model-related risk assessments and obtaining governance approvals.
• Model Lifecycle Governance: Monitor and support model lifecycle processes, including implementation, usage, changes, and decommissioning.
• Stakeholder Advisory: Act as a trusted advisor to model owners in Markets and Asset Management, providing guidance on model risk best practices.
• Collaboration with 2nd LoD: Partner with validation and governance teams to ensure effective model risk frameworks and controls.
• Observation & Issue Management: Track audit findings, regulatory observations, and remediation activities related to model risk.
• Incident Management: Identify, assess, and escalate model-related incidents and trends, supporting mitigation actions.
• Risk Awareness: Promote model risk awareness and contribute to building a strong risk culture through training and communication.
• Regulatory Compliance: Ensure adherence to model risk management frameworks and regulatory requirements.

Examples of Models in Scope

• Interest rate models
• Inflation models
• Credit risk models
• Bond and derivative pricing models (e.g., bond options)
• Mortgage bond models
• Linear rate models
• Value-at-Risk (VaR) models in Asset Management

Requirements

• Minimum 3+ years of experience in:
  • Model Risk Management (MRM), or
  • Risk management, compliance, or governance within financial institutions or consultancy
• Strong understanding of:
  • Model risk lifecycle management
  • Model governance and regulatory expectations
• Experience or exposure to:
  • Markets and/or Asset Management (highly preferred)
• Knowledge of:
  • Model inventory management
  • Risk assessment and control frameworks
• Strong analytical and problem-solving skills with attention to detail
• Excellent stakeholder management and communication skills
• Ability to work independently and in cross-border teams
• Fluency in English

What We Offer

• Opportunity to work in a leading international banking environment
• Strong exposure to Markets and Asset Management
• Collaborative, international work culture (Nordics, Poland, Lithuania, India)
• A role with real impact on risk governance and decision-making
• Dynamic environment embracing digital transformation and innovation (e.g., GenAI)