RAKBANK, formally known as the National Bank of Ras Al-Khaimah, is a prominent financial institution in the UAE with a legacy dating back to 1976. As one of the oldest banks in the country, RAKBANK provides a wide range of retail and corporate banking services including personal and business banking, loans, credit cards, investment, and wealth management. Recognized by Forbes ME and the Asian Banking and Finance Awards, RAKBANK is on a digital transformation journey aimed at becoming a “Digital Bank with a Human Touch.”

We are currently seeking a highly experienced Assistant Vice President (AVP) – Fraud Data Analytics to join our dynamic team in Dubai. This critical position focuses on enhancing the bank’s fraud detection capabilities through the use of advanced analytics and innovative technologies.

Key Responsibilities:

Strategic Responsibilities:

• Develop and implement comprehensive fraud prevention strategies using machine learning models and real-time monitoring systems.

• Ensure compliance with relevant laws, regulations, and internal risk frameworks.

• Lead and collaborate across departments to align fraud prevention initiatives with overall business strategy.

Operational Responsibilities:

1. Reporting & Data Insights:

   • Create and manage MI dashboards and reports using tools such as SAS Visual Analytics, Power BI, and SAP Business Objects.

   • Analyze large datasets to derive actionable insights related to fraud risk and mitigation.

   • Ensure timely submission of internal and regulatory reports in line with CBUAE standards.

2. Fraud Rules & Model Management:

   • Design and implement fraud detection rules using SAS Fraud Management and optimize for accuracy and performance.

   • Monitor rule effectiveness, conduct root cause analysis, and adjust strategies based on performance metrics.

   • Support deployment and maintenance of machine learning models for fraud detection.

3. Analytics & Stakeholder Engagement:

   • Act as a business lead in advanced analytics projects and model development.

   • Collaborate with key internal stakeholders including Fraud Investigations, IT, Compliance, and Cyber Security.

   • Present findings to executive management and contribute to strategic fraud mitigation planning.

4. Governance & Continuous Improvement:

   • Enhance and review fraud management policies and frameworks.

   • Uphold data governance and quality standards in all analytics activities.

   • Support the implementation and periodic review of anti-fraud programs and technologies.

Qualifications:

• Bachelor’s or Master’s degree in Data Science, Statistics, Computer Science, or related fields.

• 8–10 years’ experience in fraud analytics or risk management within banking or financial services.

• Proficiency with fraud systems such as SAS Fraud Management, FICO Falcon, and data tools like SAS EG, Power BI.

• Programming knowledge (Base SAS, SQL, Python, R).

• Strong understanding of fraud typologies across banking products and digital channels.

• Certified Fraud Examiner (CFE) certification is highly preferred.

Key Competencies:

• Advanced analytical and investigative skills.

• Strong technological and cybersecurity awareness.

• Deep regulatory and compliance knowledge.

• Effective communication and problem-solving abilities.

• High attention to detail with the capability to manage complex datasets and scenarios.

Join RAKBANK and become part of a transformational journey aimed at shaping the future of banking with a focus on innovation, integrity, and customer excellence.