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Vice President - Collections Strategy
RAKBANK · United Arab Emirates
About The Role
Vice President - Collections Strategy (Group Credit Risk)
What You'll Be Doing:
Collections Strategy & Portfolio Performance
- Develop and execute the Bank's end-to-end collections strategy across Retail, SME, Business Banking, and Islamic portfolios.
- Design treatment strategies across the entire delinquency lifecycle, from early-stage collections through recoveries and legal escalation.
- Define customer segmentation approaches that optimize recovery outcomes while maintaining fair customer treatment.
- Drive measurable improvements in collections effectiveness, roll rates, cure rates, recoveries, and portfolio performance.
- Balance customer outcomes, operational efficiency, regulatory compliance, and profitability objectives.
Advanced Analytics, AI & Decision Science
- Lead the development and deployment of collections decision strategies using predictive analytics, machine learning, and AI-driven models.
- Leverage behavioural, transactional, demographic, and external data to improve collections effectiveness.
- Own collections decision trees, customer contact strategies, prioritization logic, and treatment design.
- Continuously challenge and enhance models based on outcomes, testing, and portfolio performance.
- Develop data-driven strategies that deliver better customer outcomes and lower loss rates.
Digital Collections Transformation
- Drive the evolution of digital collections channels including mobile, digital servicing, self-service journeys, automated outreach, and intelligent communications.
- Build customer-centric digital journeys that increase engagement and self-cure rates.
- Partner with Technology and Data teams to maximize value from the Bank's decision engine and collections technology platforms.
- Champion automation and digital-first collections strategies across the portfolio.
Credit Risk & Portfolio Feedback Loop
- Partner closely with Credit Risk, Credit Policy, and Underwriting teams to provide insights from collections performance.
- Identify emerging portfolio risks, underwriting opportunities, and segments requiring enhanced controls.
- Use collections data to influence future lending strategies and portfolio quality improvements.
- Support portfolio forecasting and credit performance analysis.
Vendor & Partner Management
- Manage external collection agencies, specialist vendors, analytics providers, and technology partners.
- Establish performance scorecards, service standards, governance frameworks, and commercial arrangements.
- Continuously evaluate vendor effectiveness and identify opportunities to improve recovery outcomes.
- Ensure outsourced activities align with customer conduct expectations and regulatory requirements.
Governance, Fairness & Regulatory Compliance
- Ensure compliance with UAE regulatory requirements, consumer protection regulations, and internal governance standards.
- Partner with Compliance, Legal, and Islamic Banking governance teams to ensure appropriate treatment strategies.
- Maintain strong controls around customer fairness, conduct risk, and complaint management.
- Support regulatory reviews, audits, and board-level reporting requirements.
Executive Reporting & Stakeholder Management
- Present portfolio performance, strategic initiatives, and investment cases to senior management and executive committees.
- Deliver portfolio insights, business cases, and recommendations to ExCo and Risk Committees.
- Collaborate closely with Operations, Finance, Legal, Compliance, Technology, Data, and Customer Experience teams.
- Act as the strategic leader for collections optimization and transformation across the Bank.
What We're Looking For:
Education
- Bachelor's Degree in Finance, Economics, Mathematics, Statistics, Data Science, Engineering, Business Administration, or a related discipline.
- Master's Degree, MBA, FRM, CFA, Data Science, Analytics, or Risk qualifications are highly desirable.
Experience
- 10+ years of experience within Collections Strategy, Credit Risk, Analytics, Portfolio Management, Decision Science, Recoveries, or Consumer Lending.
- Extensive experience developing collections strategies within retail lending and SME portfolios.
- Proven track record of using analytics and technology to improve collections performance and customer outcomes.
- Experience leading transformation initiatives in banking, financial services, fintech, or consumer finance environments.
Industry Exposure
- Deep understanding of collections strategy, customer segmentation, decision engines, and portfolio analytics.
- Experience across credit cards, personal loans, auto finance, mortgages, SME lending, and Islamic finance products.
- Strong exposure to predictive modelling, machine learning, strategy testing, and treatment optimisation.
- Knowledge of consumer protection regulations, customer conduct requirements, and collections governance.
What’s In It For You:
- Competitive, performance-linked compensation.
- Medical coverage for you and your family.
- Comprehensive life insurance.
- Opportunity to lead one of the UAE's most significant collections transformation programmes.
- Ownership of strategy across a diverse retail, SME, and Islamic banking portfolio.
- Exposure to advanced analytics, AI, and decision science initiatives.
- Senior leadership visibility and direct impact on portfolio performance and profitability.
- A collaborative, innovation-focused environment committed to continuous improvement.
Skills:
- CollectionsStrategy: Deep expertise in collections lifecycle design, recoveries, and customer treatment strategies.
- Analytics&DecisionScience: Advanced understanding of predictive analytics, machine learning, segmentation, and strategy optimization.
- DigitalTransformation: Experience deploying AI-enabled collections and digital servicing solutions.
- Retail&SMELending: Strong understanding of consumer and business lending portfolios.
- RiskManagement: Ability to balance portfolio performance, customer outcomes, and regulatory requirements.
- CommercialAcumen: Experience improving recoveries, reducing losses, and optimizing cost-to-collect.
- StakeholderManagement: Proven ability to influence senior executives and lead cross-functional initiatives.
- Leadership: Strong capability to lead transformation programmes and deliver measurable business outcomes.
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