Vice President-Model Validation

RAKBANK
Dubai
Full timeFunction: Executive & General ManagementEducation: mastersSkills: ["Executive presence","Independent challenge","Leadership","Stakeholder management","Governance mindset"]

Lead the bank-wide independent model validation and model governance framework covering risk, finance, compliance, and business decisioning. Drive risk-based validation across methodologies, data, assumptions, performance, implementation, and documentation, including back-testing, benchmarking, and monitoring. Own model governance lifecycle (inventory, tiering, policy and standards), define model risk appetite, track findings, and escalate material issues while ensuring CBUAE regulatory compliance and supporting AI/ML model validation.

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FursaFursa
RAKBANK
RAKBANK
3 days ago

Vice President-Model Validation

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Source: Company careers pageValidated by: Fursa AI
Last checked: 14 hours agoStatus: Live

Job Summary

Lead the bank-wide independent model validation and model governance framework covering risk, finance, compliance, and business decisioning. Drive risk-based validation across methodologies, data, assumptions, performance, implementation, and documentation, including back-testing, benchmarking, and monitoring. Own model governance lifecycle (inventory, tiering, policy and standards), define model risk appetite, track findings, and escalate material issues while ensuring CBUAE regulatory compliance and supporting AI/ML model validation.
Location: Dubai
Employment Type: Full time
Job Function: Executive & General Management
Seniority: Sr. Director level

Key Responsibilities

  • •Lead independent validation across risk, finance, business, and compliance models, assessing methodology, data, assumptions, performance, implementation, and documentation.
  • •Oversee back-testing, benchmarking, and ongoing monitoring, ensuring risk-based coverage based on materiality and complexity.
  • •Own the enterprise model governance lifecycle, including model inventory, tiering, ownership structure, and policy/standards across phases of development to monitoring.
  • •Define and implement model risk appetite and thresholds, monitor exposures, remediate issues, track validation findings, and escalate material issues.
  • •Engage model committees, present outcomes and key risks with approval recommendations, ensure CBUAE MMSG compliance, and establish AI/ML validation standards including explainability, bias, stability, and drift.

Key Requirements

  • •Master’s (or higher) in a quantitative discipline such as Economics, Statistics, Maths, Data Science, Finance, or Engineering.
  • •12–15 years of experience in model validation and/or model risk management.
  • •Experience across risk, finance, and compliance models, with strong exposure to CBUAE MMSG and related regulations.
  • •Experience with model governance frameworks and committees, including model validation, monitoring, and governance lifecycle ownership.
  • •Hands-on experience with AI/ML model validation, including governance and assessment of explainability, bias, stability, and model drift.
Experience:BankingModel validationModel risk managementRiskFinanceComplianceAI/ML
Education:Master's
Skills:Executive presenceIndependent challengeLeadershipStakeholder managementGovernance mindset
Tech Stack:AI/MLModel validationIFRS 9Stress testingAMLFraud

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