About the job

RAKBANK, also known as the National Bank of Ras Al-Khaimah, is a Public Joint Stock Company based in the United Arab Emirates (UAE). It was founded in 1976 and is one of the oldest banks in the UAE. The Bank operates within retail and corporate banking, offering a range of services including personal and business banking, credit cards, loans, investment services, and wealth management

In the recent years, the Bank has achieved significant milestones which includes being named as one of the world's best banks by Forbes ME (2022) and was awarded UAE's SME Bank of the year by the Asian Banking and Finance Awards. The Bank has been successful in achieving the highest profitability and lowest cost of risk since 2015. It has also seen significant growth in its acquiring business, card spending, and business loans

Being on a transformational journey, in partnership with Honeywell, RAKBANK has also taken steps towards sustainability by reducing its overall energy consumption

We are a diverse team comprising of over 3,000 employees from across 58 countries. We make conscious efforts to build talented and diversified teams and encourage people to develop their full potential. We are committed to providing a working environment that promotes work-life balance, career development, recognition and security for the future

In line with our strategy, a major part of our transformation journey is to future proof our bank and establish ourselves as a ‘Digital bank with human touch’, for our customers

So join us in co-creating the future of RAKBANK!

What You Will Be Doing

• Ensure the accuracy and integrity of the company’s balance sheet by substantiating, reconciling, and controlling all balance sheet accounts in line with company policies and regulatory requirements.
• Assist in the reconciliation review process.
• Prepare Dashboard covering balance sheet substantiation.
• Identify and suggest process improvements to enhance the efficiency and effectiveness of balance sheet controls.
• Help establish and maintain proper segregation of duties to prevent conflicts of interest and enhance the integrity of financial processes.
• Assist in assessing and managing financial risks by identifying potential threats, evaluating their impact, and implementing strategies to mitigate or control them.
• Monitor financial activities, generate relevant reports, and communicate findings to management, highlighting areas of concern or improvement.
• Leverage technology tools to enhance financial controls, such as implementing automated monitoring processes and advanced analytics for risk assessment.
• Develop and maintain protocols for responding to financial irregularities, including investigations, corrective actions, and reporting to appropriate stakeholders.
• Monitor and report on key performance indicators related to balance sheet substantiation.
• Assist in designing, implementing, and enhancing internal control frameworks to safeguard financial integrity and minimize risks.
• Assist in conducting comprehensive risk assessments to identify potential financial vulnerabilities and develop strategies to mitigate them.
• Assist in preparation and maintenance of accurate documentation of RCSA process, findings and plans.

What You Should Have

• Strong organizational skills with the ability to multitask and prioritize effectively.
• Excellent communication and interpersonal skills.
• Informed Decisions: Skilled in gathering and analyzing information for sound business decisions.
• Pressure Handling: Effective under constraints like limited resources and tight timelines.

What We Are Looking For

• Bachelor's degree in accounting / finance or economics, or related field, Chartered Accountant preferred.
• Minimum of 1-3 years of hands-on experience in a large business.
• Knowledge of Banking systems and products.
• Knowledge of Power BI / Automation and presentation skills.

What’s In It For You

• Pay for performance culture (Competitive and performance-linked compensation)
• Provision of medical care plan for your family and you
• Comprehensive Life insurance plan
• Diverse workforce and inclusive culture
• Career development and growth opportunities by design
• Work with the best minds in the field
• Get opportunities to bring your whole-self to the organization and perform to your best