Associate Vice President - Risk Analytics (UAE National)
RAKBANK is hiring an Associate Vice President - Risk Analytics (UAE National). Level rates it ; you can apply on RAKBANK.
Level's read on this job
- Level rates this role Little AI ●○○○: aI is not part of the work.
- Tools and skills the posting cites include Databricks, Power BI and risk management.
- Level classifies it as a lead role.
- Level lists 54 other open roles at RAKBANK.
- The role was posted within the past two weeks.
AI in this role
Oversee end-to-end model risk governance, validation, and regulatory compliance for financial models.
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
How we rate this
Associate Vice President - Risk Analytics (UAE National) at RAKBANK rates 10 out of 100 for how much of the daily work is AI. That makes it Little AI (AI Level 1 of 4). The level is about AI in the job, not seniority.
Little AI. AI is not part of the work.
- ●●●● Builds AI80 to 100
- ●●●○ Works on AI60 to 79
- ●●○○ Uses AI40 to 59
- ●○○○ Little AI0 to 39
Levels come from how often the tools, models and workflows of the role are named in the posting itself. Read the description and count the AI tools, models and workflows it names.
Prepare for this job
Built from this posting and from similar jobs on Level.
Skills and AI tools this role asks for
Questions you could be asked
- Tell me about a project where risk management was part of your work. What did you do?
- Tell me about a project where model risk management was part of your work. What did you do?
- Tell me about a project where regulatory compliance was part of your work. What did you do?
- Tell me about a project where governance was part of your work. What did you do?
- Tell me about a project where analytics was part of your work. What did you do?
Adapt your resume
- List these exact terms on your resume: Risk Management, Model Risk Management, Regulatory Compliance, Governance, and Analytics. An applicant tracking system matches the wording, not the idea.
- Attach one line of real, concrete experience to at least one of them. A tool named with nothing behind it rarely survives a human read.
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