Vice President - Risk Analytics

About the role

At Rakbank we are committed to building a resilient, data‑driven risk management framework that supports sustainable growth and regulatory excellence. The Vice President – Risk Analytics will lead regulatory modelling, impairment analytics and portfolio risk measurement across Retail, SME, Wholesale, Financial Institutions and Bond portfolios, while overseeing IFRS 9, regulatory capital and internal rating models.

Key responsibilities

• Lead the development, enhancement, and governance of regulatory risk models including PD, LGD, EAD, rating models and ECL methodologies.
• Define modelling strategy and roadmap for Retail, SME, Wholesale, FI and Investment portfolios.
• Oversee model lifecycle management including development, recalibration, monitoring, implementation and retirement.
• Ensure compliance with IFRS 9, CBUAE regulations, Model Risk Management standards and internal governance frameworks.
• Oversee quarterly and monthly ECL production processes and timely delivery of submissions to management, finance, audit and regulators.
• Lead interactions with Model Validation, Internal Audit, External Audit, Finance and regulatory authorities.

Required profile

• Master’s degree in Statistics, Mathematics, Econometrics, Finance, Data Science or a related quantitative discipline.
• 12‑15 years of experience in credit risk analytics, regulatory modelling or quantitative risk functions.
• Extensive hands‑on experience with IFRS 9, PD, LGD, EAD, rating models, stress testing and ECL methodologies.
• Proven leadership experience managing modelling and analytics teams.
• Strong knowledge of regulatory expectations, model risk governance, accounting requirements and audit processes.

Required skills

• Advanced proficiency in Python.
• Advanced proficiency in SAS.
• Advanced proficiency in SQL.
• Experience with Databricks or equivalent analytical platforms.