
RAK Bank
Associate Vice President - Risk Analytics (UAE National)
🇦🇪 UAE, UAE🏢 On-site
Model Risk ManagementCBUAE MMSGPower BIDatabricksBaselSR 11-7Risk Analytics
🌙 UAE National
At a Glance
- Category
- 🏦 Finance & Banking
- Level
- C-Level
- Experience
- 7-10 years
- Type
- Full-time
What the Software Sees
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🌙 UAE National

RAK Bank
1000-5000 employees
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
- •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 and governance frameworks
- •Experience working with auditors, regulators and governance committees
- •Ability to assess governance controls and identify gaps
- •Strong reporting, documentation and stakeholder management capabilities
- •High attention to detail and a strong governance mindset
Responsibilities
- •Oversee the end-to-end model lifecycle: development, validation, implementation and ongoing monitoring
- •Ensure compliance with CBUAE model management standards and other regulatory requirements
- •Maintain governance controls and obtain required approvals before production deployment
- •Monitor model performance and track validation findings through to closure and remediation
- •Own and maintain the bank’s model inventory
- •Assess, monitor and report model risk in line with the bank’s risk appetite
- •Provide senior management with clear reporting on model performance and risks
- •Lead the planning and execution of Model Oversight Committee meetings
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What the Software Sees
- See what hiring software sees in your CV before RAK Bank does
- Get every weak line rewritten
- Download a CV written for the Gulf
Free check in 60 seconds. Fixes $5.88 one-time, only if you want them.
GCC Info
🌙 UAE National
Company

RAK Bank
1000-5000 employees
RAK Bank is a leading public joint stock bank headquartered in Ras Al Khaimah, UAE. It offers a comprehensive range of retail, corporate, and investment banking solutions across the UAE.
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