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

• Carry out all Credit operational tasks, ensuring all activities are completed within timescales and with a high degree of accuracy while adhering to Banks policy and process
• Archive all appropriate files and documents manually or electronically as instructed, so that they can be located later
• Provide and assist officer with clean-up projects and required MIS on regular basis
• Ensure periodic control checks are done and any discrepancy found to be highlighted
• Identify and recommend improvements to existing procedure and processes, suggest changes for improving controls and reducing cost without compromising on service quality
• Detailed analysis of bank Statements – Name of the Bank, Period considered for calculation of turnover, Credit type details, Concentration risk (if any), Client/Supplier names, Any major exclusions from the turnover, Credit turnover pattern (Consistency)
• VAT Returns (If applicable) – The total reported sale in the last 4 quarters and if there is a mismatch with the turnover/revenue, the same to be justified with sufficient documentary evidence
• Detailed review of Audited Financial Statements – Profit percentage, Revenue reported, Profit reported and all other ratios
• Detailed profiling checks for the customer to ascertain the eligibility and apply detailed due diligence for high value lending
• Conduct online validation checks to ascertain the authenticity of the documents provided to the bank for eligibility purposes

What You Should Have

• Attention to detail
• Teamwork: Strong collaboration skills with colleagues across various functions
• Communication: Excellent clear and effective communication skills
• Customer Service: Commitment to the “Mission Zero” culture with a focus on providing exceptional support to internal and external customers

What We Are Looking For

• Minimum of two years’ experience in banking or financial services, with a focus on operations or credit

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