Risk Analytics Analyst - Model Development

RAKBANK; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

RAKBANK is looking for a skilled Credit Risk Modeler to enhance their team in Dubai. The ideal candidate will manage data, develop and monitor credit risk models for retail products, and collaborate with various teams ensuring compliance and strategic implementation. Join a progressive workplace promoting innovation and career growth opportunities while receiving competitive performance-based compensation.

Benefits

Comprehensive medical and life insurance for you and your family.

Opportunities for professional development and advancement.

Inclusive culture valuing diverse perspectives.

Performance-based compensation linked to your success.

Qualifications

• Minimum of 5 years of hands-on credit risk modeling experience.
• Strong understanding of retail products, especially credit cards.
• Certifications in Credit Risk Modelling are preferred.

Responsibilities

• Identify valuable data sources and automate data collection processes.
• Develop credit risk models for retail portfolios.
• Ensure models remain accurate, reliable, and compliant with regulations.

Skills

Credit Risk Modelling

Data Analysis

Statistical Modeling

Machine Learning

Education

Degree in Statistics, Mathematics, Economics, Banking, Engineering

Tools

SAS

Python

R

Job description

At RAKBANK, we believe in fostering a culture of innovation, growth, and excellence. We are not just a bank – we are a community that thrives on teamwork, cutting-edge solutions, and the highest standards of governance.

Job Description

• Data management
• Identify valuable data sources and automate data collection processes.
• Prepare data for modelling.
• Undertake preprocessing of structured and unstructured data.
• Analyze large datasets to discover trends and patterns.
• Present information using data visualization techniques.

• Business acumen
• High understanding of retail products, especially credit card business.

• Model development and management
• Develop credit risk models for retail portfolios (e.g., credit decisioning, PD, LGD, EAD, IFRS9), ensuring compliance with internal and regulatory standards.
• Ensure model outputs are suitable for daily business use, underwriting, risk appetite decisions, and strategy formulation.
• Maintain and upgrade models based on user feedback, regulatory input, and performance monitoring.
• Collaborate with ERM team for stress testing and ICAAP submissions.

• Model monitoring and implementation
• Ensure models remain accurate, reliable, and compliant with regulations.
• Perform user acceptance testing to validate model integration within systems.
• Respond promptly to ad-hoc portfolio analysis requests.
• Regularly realign models to monitor performance and guide lending activities.

Additional responsibilities include developing, implementing, and monitoring risk models for retail lending portfolios, and supporting team efforts to meet management and regulatory requirements.

Qualifications

• Degree in Statistics, Mathematics, Economics, Banking, Engineering, or related fields.
• Certifications in Credit Risk Modelling, SAS, Python programming.
• Minimum of 5 years of hands-on credit risk modeling experience.
• Strong understanding of retail products, especially credit cards.
• Experience in statistical and machine learning model development using SAS, Python, and R.
• Knowledge of risk regulation standards such as Basel, IFRS9, and MMSG.

Additional Information

Why Choose RAKBANK

• Inclusive Culture: Join a collaborative team that values innovation and diverse perspectives.
• Career Growth: Opportunities for professional development and advancement.
• Performance-Based Compensation: Competitive pay linked to your performance.
• Benefits: Comprehensive medical and life insurance for you and your family.