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Home/Jobs in UAE/Finance & Banking Jobs/Vice President - Collections Strategy
RAK Bank logo
RAK Bank

Vice President - Collections Strategy

🇦🇪 UAE, UAE🔄 Hybrid
Collections StrategyCredit RiskPredictive AnalyticsMachine LearningAIRetail BankingSME BankingIslamic Banking

At a Glance

Category
🏦 Finance & Banking
Level
C-Level
Type
Full-time
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RAK Bank logo
RAK Bank
1000-5000 employees

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:

  • Collections Strategy: Deep expertise in collections lifecycle design, recoveries, and customer treatment strategies.
  • Analytics & Decision Science: Advanced understanding of predictive analytics, machine learning, segmentation, and strategy optimization.
  • Digital Transformation: Experience deploying AI-enabled collections and digital servicing solutions.
  • Retail & SME Lending: Strong understanding of consumer and business lending portfolios.
  • Risk Management: Ability to balance portfolio performance, customer outcomes, and regulatory requirements.
  • Commercial Acumen: Experience improving recoveries, reducing losses, and optimizing cost-to-collect.
  • Stakeholder Management: Proven ability to influence senior executives and lead cross-functional initiatives.
  • Leadership: Strong capability to lead transformation programmes and deliver measurable business outcomes.

Requirements

  • •Experience in developing end-to-end collections strategies for Retail, SME, and Islamic portfolios
  • •Expertise in delinquency lifecycle management (early-stage to legal escalation)
  • •Proficiency in predictive analytics, machine learning, and AI-driven models
  • •Experience in digital collections transformation and automated outreach
  • •Ability to manage external collection agencies and specialist vendors
  • •Knowledge of UAE regulatory requirements and consumer protection regulations
  • •Strong understanding of credit risk portfolio feedback loops

Responsibilities

  • •Develop and execute the Bank's end-to-end collections strategy
  • •Design treatment strategies across the entire delinquency lifecycle
  • •Define customer segmentation approaches to optimize recovery outcomes
  • •Lead the development and deployment of collections decision strategies using AI and ML
  • •Drive the evolution of digital collections channels (mobile, self-service, automated outreach)
  • •Partner with Credit Risk and Underwriting teams to provide portfolio insights
  • •Manage external collection agencies and vendor performance scorecards
  • •Ensure compliance with UAE regulatory requirements and internal governance
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Company
RAK Bank logo
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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