Associate Vice President - Risk Analytics UAE National

Rakbank; Dubai; On-site; AED 420,000 - 660,000; Full time

Job summary

Rakbank in Dubai seeks a senior professional to lead bank-wide model governance. You will oversee the full lifecycle of models, ensure robust documentation, and maintain governance controls aligned with CBUAE standards.

You will partner with risk, finance, compliance, internal audit, regulators and external vendors to drive risk-based insights, regular reporting, and policy enhancements. Strong collaboration and governance mindset are essential.

Qualifications

• Bachelor’s or Master’s degree in Finance, Risk Management, Statistics, Data Science or a related discipline.
• 7 to 10 years of experience in model governance, model risk management, regulatory risk or risk governance.
• Strong understanding of model lifecycle management, governance frameworks and regulatory expectations, including CBUAE MMSG.
• 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.
• Strong reporting, documentation and stakeholder management capabilities.
• High attention to detail and a strong governance mindset.

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.

Skills

Model risk management

Regulatory frameworks

Stakeholder management

Analytical thinking

Communication

Education

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

Tools

Power BI

Databricks

Job description

Job Description:

Job Description

What You’ll Do:

• 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.

What We’re Looking For

• Bachelor’s or Master’s degree in Finance, Risk Management, Statistics, Data Science or a related discipline.
• 7 to 10 years of experience in model governance, model risk management, regulatory risk or risk governance.
• Strong understanding of model lifecycle management, governance frameworks and regulatory expectations, including CBUAE MMSG.
• 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.
• Strong reporting, documentation and stakeholder management capabilities.
• High attention to detail and a strong governance mindset.

Skills

• 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.

What’s In It For You

• 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

Requirements: