OM Bank: Lead Model Validation

Old Mutual • Cape Town, Western Cape, South Africa • Posted June 19, 2026

Location Cape Town, Western Cape
Job Type Full time
Category Mathematical Science Occupations
Posted June 19, 2026

Description

OM Bank seeks an experienced Model Validation Lead to join its newly established Model Risk Management (MRM) function as a senior member of the second line of assurance. This is a foundational appointment: OM Bank is a start-up bank, and the MRM function is being built out from inception. The successful candidate will play a leading role in shaping how independent model validation is performed across the Bank, embedding the validation cadence under the Bank’s Model Risk Policy and its supporting Standards, and contributing directly to the maturity of model governance as the Bank grows.

The Model Validation Lead is responsible for delivering and overseeing the independent validation of all models within OM Bank's model inventory, in line with the Model Risk Validation Standard and broader Model Risk Policy framework. The role provides senior technical challenge across the full spectrum of models the Bank relies on – credit, IFRS 9 / impairment, ...

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