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Associate Vice President - Risk Analytics (UAE National)
RAKBANK · United Arab Emirates
About The Role
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
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