Associate Vice President - Risk Analytics

Rakbank; Dubai; On-site; AED 380,000 - 680,000; Full time

Job summary

RAKBANK is seeking an Associate Vice President for Risk Analytics (UAE National) to oversee the end-to-end model lifecycle in a UAE-based, on-site capacity. The role ensures governance, compliance with regulatory standards, and robust reporting on model performance and risk.

The incumbent will coordinate with model owners, validation teams, risk management, finance, compliance, internal audit, and regulators, leading Model Oversight Committee activities and overseeing the bank’s model inventory.

Qualifications

• Experience in overseeing model governance and risk management within a financial institution.
• Familiarity with CBUAE model management standards, Basel, SR 11-7.
• Strong documentation, validation, and records management.
• Ability to coordinate with auditors, regulators, and governance committees.

Responsibilities

• Oversee end-to-end model lifecycle: development, validation, implementation, monitoring.
• Ensure complete documentation: development documents, validation reports, implementation records.
• Comply with CBUAE model management standards and regulatory requirements.
• Maintain governance controls and secure necessary approvals before production deployment.
• Monitor model performance and close validation findings timely.
• Manage the bank’s model inventory for accuracy and completeness.
• Assess and report model risk in line with risk appetite.
• Provide senior management clear reporting on performance, risks, and concerns.
• Collaborate with model owners, risk management, finance, compliance, internal audit, regulators.
• Lead Model Oversight Committee meetings, set agendas, coordinate stakeholders, document decisions.
• Monitor regulatory developments to improve governance policies and procedures.

Skills

Model risk management

Regulatory frameworks

Stakeholder management

Analytical thinking

Decision-making

Influence senior stakeholders

Education

Bachelor’s or Master’s degree in Finance, Risk Management, Statistics, Data Science, or a related discipline

Tools

Power BI

Databricks

Job description

Job Location: Dubai, United Arab Emirates

Work Mode: On-site

Date Posted: 16 October 2026

Job Reference/ID: 902

Job Description / Role:

RAKBANK is seeking an Associate Vice President - Risk Analytics (UAE National) to oversee the end-to-end model lifecycle, ensuring compliance with CBUAE model management standards and regulatory requirements. The role involves maintaining governance controls, monitoring model performance, and providing senior management with clear reporting on model performance, risks, and emerging concerns.

Key Responsibilities:

• Oversee the end-to-end model lifecycle, covering development, validation, implementation, and ongoing monitoring.


• Ensure models are supported by complete and accurate documentation, including development documents, validation reports, and implementation records.


• Ensure compliance with CBUAE model management standards and other applicable regulatory requirements.


• Maintain governance controls and ensure the required approvals are obtained before models are deployed into production.


• Monitor model performance and track validation findings through to timely closure and remediation.


• Own and maintain the bank’s model inventory, ensuring that it remains accurate, comprehensive, and up to date.


• Assess, monitor, and report model risk in line with the bank’s risk appetite.


• Provide senior management with clear reporting on model performance, risks, and emerging concerns.


• Work closely with model owners, validation teams, Risk Management, Finance, Compliance, Internal Audit, Regulatory Affairs, external vendors, and regulators.


• Lead the planning and execution of Model Oversight Committee meetings, including agenda setting, stakeholder coordination, and documenting decisions.


• Monitor regulatory developments and industry practices to enhance model governance policies, frameworks, and procedures.

Experience Required:

• 7 to 10 years of experience in model governance, model risk management, regulatory risk, or risk governance.


• Experience working with auditors, regulators, and governance committees.


• Ability to assess governance controls, identify gaps, and ensure consistency across different model types and business units.

Education Qualifications:

• Bachelor’s or Master’s degree in Finance, Risk Management, Statistics, Data Science, or a related discipline.

Skills Required:

• Strong expertise in model risk management and regulatory frameworks, including CBUAE, Basel, and SR 11-7.


• Hands-on experience with Power BI and Databricks.


• Excellent organisational, communication, and stakeholder management skills.


• Ability to manage multiple priorities and drive accountability across diverse stakeholder groups.


• Strong analytical thinking, logical reasoning, and data-driven decision-making.


• Ability to influence senior stakeholders, resolve complex issues, and support effective decision-making.

Employment / Job Type: Full Time

• The opportunity to lead and strengthen a bank-wide model governance framework.


• A highly visible role involving regular engagement with senior management, governance committees, auditors, and regulators.


• Exposure to a wide range of risk and business models across the organisation.


• The opportunity to shape model risk policies, governance frameworks, and procedures.


• A leadership position within Risk Management, with responsibility for one direct report.

Nationality: UAE National (Emiratisation)

About the Company:

The National Bank of Ras Al Khaimah, a UAE bank offering personal, business, corporate and Islamic banking. Its services include accounts, cards, loans, insurance and digital banking, delivered through branches and mobile channels.

Company Industry: Banking

Closing Date: Not mentioned (apply as soon as possible)