Senior Risk Analyst

RAKBANK; Dubai; On-site; AED 180,000 - 210,000; Full time

Benefits offered by this job

Medical coverage

Life insurance

Competitive compensation

Job summary

RAKBANK is seeking a Senior Officer – Credit Policy & MIS to support Retail Credit Risk governance, policy maintenance, and portfolio analytics across Retail and Business Banking lending products.

You will oversee MIS, data integrity, provisioning oversight, and regulatory reporting, while coordinating with Finance, Operations, and Compliance to strengthen governance and risk monitoring.

Qualifications

• Bachelor's degree in Finance, Accounting, Economics, Business, Statistics, Information Systems or related discipline.
• Professional qualifications in Risk Management, Credit Risk, Banking, Analytics or Data Science are preferred.

Responsibilities

• Support drafting, renewal and maintenance of Retail Credit Policies and guidelines.
• Track policy updates, approvals and regulatory changes.
• Ensure policy documents reflect credit criteria and control requirements.
• Support policy governance and regulatory compliance activities.
• Prepare and validate monthly and quarterly portfolio monitoring reports.
• Monitor exposures, bookings, delinquencies, NPLs, provisions, restructures, and cost of risk.
• Maintain and reconcile MIS across Retail and Business Banking portfolios.
• Assist with IFRS 9 staging, SICR, UTP and related risk management activities.
• Support collections strategy monitoring through analytics and management reporting.
• Drive automation of reporting processes and strengthen controls.

Skills

Credit risk management

Data analytics & MIS

Regulatory knowledge

Control & governance

Communication skills

Problem solving

Education

Bachelor's degree in Finance/Accounting/Economics/Business

Professional qualifications in Risk/Banking/Analytics

Job description

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.

About The Role

As a Senior Officer – Credit Policy & MIS, you will play a critical role in supporting the Retail Credit Risk function by maintaining a strong policy, portfolio monitoring, and control framework across Retail and Business Banking lending products.
You will be responsible for supporting credit policy governance, portfolio analytics, regulatory reporting, provisioning oversight, and management information systems (MIS), while ensuring data integrity, regulatory compliance, and effective risk monitoring across the lending portfolio.

What You'll Be Doing

Credit Policy & Governance

• Support the drafting, renewal, and maintenance of Retail Credit Policies (RCP), Product Program Guidelines (PPGs), credit circulars, and policy notes.


• Track policy updates, approvals, implementation requirements, and regulatory changes.


• Ensure credit criteria, documentation standards, and control requirements are consistently reflected across policy documents.


• Support policy governance and regulatory compliance activities.

Portfolio Monitoring & Risk Analytics

• Prepare and validate monthly and quarterly portfolio monitoring reports.


• Monitor key portfolio indicators including exposures, bookings, delinquency, NPLs, provisions, restructures, and cost of risk.


• Track portfolio performance against approved thresholds and support escalation of emerging risks.


• Conduct risk reviews and provide actionable insights to management.

Credit MIS & Data Management

• Maintain and reconcile portfolio-level and account-level MIS across Retail and Business Banking portfolios.


• Ensure data accuracy and consistency across Risk, Finance, Collections, Operations, and source systems.


• Perform data quality reviews, reconciliations, exception monitoring, and control checks.


• Maintain audit-ready documentation and reporting files.

Provisioning, ECL & Write-Off Oversight

• Support monthly provisioning and Expected Credit Loss (ECL) activities across retail lending portfolios.


• Validate provisioning outputs, write-off adjustments, recovery movements, and collateral impact assessments.


• Coordinate with Finance, Operations, and Collections teams on provisions and portfolio performance.


• Assist with IFRS 9 staging, SICR, UTP, and related risk management activities.

Collections & Portfolio Performance Reporting

• Support collections strategy monitoring through analytics and management reporting.


• Provide reporting on bucket movements, restructures, salary credit behavior, collections performance, and portfolio trends.


• Contribute to risk oversight and strategy evaluation through reliable MIS and portfolio analysis.

Automation & Process Improvement

• Support User Acceptance Testing (UAT) for policy rules, scorecards, dashboards, provisioning models, and system enhancements.


• Prepare business requirements, testing scenarios, issue logs, and implementation evidence.


• Identify opportunities to automate reporting processes and strengthen controls.


• Drive efficiency and reporting accuracy through continuous improvement initiatives.

Stakeholder Management & Audit Readiness

• Collaborate with Risk, Finance, Operations, Collections, Compliance, and other internal stakeholders.


• Support management reviews, committee reporting, audit requests, and regulatory submissions.


• Prepare management-ready insights, commentary, and portfolio summaries.


• Maintain robust documentation, audit trails, controls, and governance records.

What We're Looking For

Education

• Bachelor's degree in Finance, Accounting, Economics, Business, Statistics, Information Systems, or a related discipline.


• Professional qualifications in Risk Management, Credit Risk, Banking, Accounting, Analytics, or Data Science are preferred.

Experience

• Minimum 5 years of experience in Credit Risk MIS, Credit Policy, Portfolio Analytics, Provisioning, Retail Lending Operations, Risk Analytics, or related banking functions.


• Experience working within Retail Banking, Business Banking, Risk Management, or Credit functions.

Industry Exposure

• Strong understanding of Retail Credit Risk and Product Program Guidelines.


• Knowledge of CBUAE regulations, IFRS 9, ECL methodologies, provisioning, collections, write-offs, and consumer protection requirements.


• Experience supporting portfolio monitoring, governance, and regulatory reporting frameworks.

What's In It For You

• Competitive, performance-linked compensation.


• Medical coverage for you and your family.


• Comprehensive life insurance.


• Exposure to enterprise-wide credit risk, policy, and portfolio management activities.


• Opportunity to work closely with senior stakeholders across Risk, Finance, Compliance, and Business functions.


• A collaborative environment focused on innovation, governance, and continuous improvement.

Skills

• Credit Risk Management: Strong understanding of retail lending, portfolio monitoring, and credit policy frameworks.


• Data Analytics & MIS: Advanced analytical and reporting capabilities with strong attention to detail.


• Regulatory Knowledge: Understanding of CBUAE regulations, IFRS 9, ECL, provisioning, and credit governance requirements.


• Control & Governance: Strong focus on controls, audit readiness, reconciliations, and risk management.


• Communication Skills: Ability to prepare clear policy documents, business requirements, committee papers, and management reporting.


• Problem Solving: Ability to identify data inconsistencies, control gaps, and process improvement opportunities.

Requirements: