Vice President - Risk Analytics

RAKBANK
Dubai, United Arab Emirates
Workplace: OnsiteFull timeFunction: Executive & General ManagementExperience: 12-15 yearsEducation: mastersSkills: ["Leadership","Stakeholder management","Professional judgment","Governance orientation","Strategic thinking"]

Lead the Bank’s regulatory risk modelling and impairment analytics function, governing IFRS 9, regulatory capital, and internal rating models across Retail, SME, Wholesale, FI, and Bond portfolios. Own the Expected Credit Loss (ECL) framework, oversee model lifecycle management and ECL production, challenge forecasting and scenario methodologies, and collaborate with validation, internal/external audit, finance, and regulators. Provide strategic portfolio risk insights to senior leadership.

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RAKBANK
RAKBANK
21 hours ago

Vice President - Risk Analytics

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Job Summary

Lead the Bank’s regulatory risk modelling and impairment analytics function, governing IFRS 9, regulatory capital, and internal rating models across Retail, SME, Wholesale, FI, and Bond portfolios. Own the Expected Credit Loss (ECL) framework, oversee model lifecycle management and ECL production, challenge forecasting and scenario methodologies, and collaborate with validation, internal/external audit, finance, and regulators. Provide strategic portfolio risk insights to senior leadership.
Location: Dubai, United Arab Emirates
Workplace: Onsite
Employment Type: Full time
Job Function: Executive & General Management
Seniority: Sr. Director level

Key Responsibilities

  • •Lead the development, enhancement, and governance of regulatory risk models including PD, LGD, EAD, rating models, and ECL methodologies.
  • •Define modelling strategy and roadmap for Retail, SME, Wholesale, FI, and Investment portfolios and oversee model lifecycle management.
  • •Ensure compliance with IFRS 9 requirements, CBUAE regulations, Model Risk Management standards, and internal governance frameworks.
  • •Oversee ECL production processes and timely delivery of management, finance, audit, and regulatory submissions.
  • •Review and challenge macroeconomic forecasting, scenario design, overlays, and staging assessments; provide strategic risk insights to senior leadership.

Key Requirements

  • •Master’s degree in Statistics, Mathematics, Econometrics, Finance, Data Science, or a related quantitative discipline.
  • •12-15 years of experience in credit risk analytics, regulatory modelling, or quantitative risk functions.
  • •Extensive hands-on experience in IFRS 9, PD, LGD, EAD, rating models, stress testing, and ECL methodologies.
  • •Strong knowledge of regulatory expectations, model risk governance, accounting requirements, and audit processes.
  • •Proven leadership experience managing modelling and analytics teams.
Experience:12-15 years
Education:Master's
Skills:LeadershipStakeholder managementProfessional judgmentGovernance orientationStrategic thinking
Tech Stack:PythonSASSQLDatabricks

Company Brief

RAKBANK
RAKBANK is a United Arab Emirates-based bank offering personal, business, and commercial banking services, including accounts, cards, loans, deposits, and digital banking products. It serves retail customers and SMEs across the UAE.
Industry: Banking
Company Size: Large (251 to 1,000 employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Ras Al Khaimah, United Arab Emirates
Founded: 1976
WebsiteLinkedIn