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VP & Head of Model Validation and Governance

Company

RAKBANK

Location

dubai, United-Arab-Emirates

Type

Full-time

Lead the bank-wide independent model validation and model governance framework across all models used for risk, finance, compliance, and business decisioning. Ensure robust validation, effective model lifecycle governance, and proactive management of model risk in line with CBUAE Model Management Standards and global best practices.

What You Will Do:
  • Lead validation across risk, finance, business and compliance models
  • Ensure risk-based validation coverage based on materiality and complexity
  • Assess: methodology, data, assumptions, performance, implementation, and documentation
  • Oversee back‑testing, benchmarking, and ongoing monitoring
  • Own end-to-end model governance framework and lifecycle
  • Maintain model inventory, tiering, and ownership structure
  • Define and maintain Model Management policy and standards for each phase of model development, validation, implementation, usage and m...

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