Role highlights
Full Time
Permanent
Lead
On-site
The Head of Model Risk Management role requires extensive expertise in overseeing model risk within a large financial institution, specifically a bank operating in the Nordic and European markets. The candidate must have a strong quantitative or analytical academic background, typically at least a bachelor's degree, and over 15 years of experience in the financial sector, with significant exposure to model risk management frameworks and regulatory requirements at both European and global levels. Proven leadership skills are essential, including experience managing large, geographically distributed teams and senior stakeholders. The role demands strategic vision to develop and implement model risk policies, governance, and validation processes, ensuring compliance with internal standards and external regulations. Familiarity with emerging risk management techniques, including those related to generative AI, is important to keep the framework current and effective. The candidate should be adept at exercising second-line risk management responsibilities, chairing committees, and representing the function in internal and external forums. Strong communication and stakeholder management skills are critical to advise and influence key decision-makers. The position is based in Copenhagen with some travel to Vilnius, highlighting the need for effective collaboration across multiple locations. Overall, this leadership role combines deep technical knowledge of model risk management, regulatory expertise, strategic planning, and team leadership within a complex, regulated banking environment.
About the role
Head of Model Risk Management
Role Summary
- Lead the Model Risk Management (MRM) team at Danske Bank
- Oversee model risk across the organisation, ensuring trust and compliance with regulatory and internal standards
- Work in a collaborative, innovative environment focused on professional growth
- Position based in Copenhagen; some travel between Copenhagen and Vilnius expected
Responsibilities
- Lead end-to-end risk management of models (standards, governance, validation)
- Set strategic vision for MRM and ensure development and execution of MRM policy and framework
- Define model risk tolerance for Danske Bank Group
- Lead and motivate a dual-location MRM team
- Develop model risk management techniques aligned with best practices and emerging issues (including GenAI)
- Exercise 2nd line responsibilities for model risk management as defined by policy and regulation
- Lead the Model Risk Committee and represent MRM at relevant internal and external forums
- Manage and advise key model risk stakeholders
Requirements
- Quantitative or analytical academic background
- Knowledge of Model Risk Management frameworks in international (especially Nordic and European) banks
- Understanding of European and global model and data risk regulation
- Proven ability to manage large teams, including leaders
- 15+ years of experience in the financial sector (preferably banks)
- Experience managing senior stakeholders
How to Apply
- Applications are processed continuously; early application encouraged
- For questions, contact:
- James Mackintosh, Head of Enterprise Risk Management: [email protected]
- Liza Michel Arroyo Allermand, Head of Internal Strategy, Execution & Perf. Mgt.: [email protected]
More roles from Danske Bank
View company profileWomen’s Academy 2026
Flexible location
Join Danske Bank’s Women’s Academy 2026 for an 8-week program exploring finance, networking, and empowerment. Apply by N...
Student med fokus på global økonomi og rentemarkedet
Flexible location
Bliv student i Danske Bank og arbejd med global økonomi og rentemarkedet. Få erfaring og udvikling – ansøg nu og bliv en...
Senior Banker, Family Office Coverage
Flexible location
Bliv Senior Banker i Danske Banks Family Office team og styrk kunderelationer. Ansøg nu og vær med til at forme fremtide...
