Associate Vice President – Payments Processing Hub

Any, United Arab EmiratesOn-SiteFull-timePosted 2w ago

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Job description

What You'll Be Doing:

Lead the end-to-end payments processing function, ensuring all transactions are processed accurately and within agreed service levels.
Authorize payment transactions including SWIFT payments, account credits, Manager's Cheques, and vendor payments.
Review and approve accounting entries, General Ledger postings, and financial transactions.
Oversee vendor payment activities and ensure timely settlement of approved invoices.
Monitor payment performance metrics and drive service excellence across operations.
Manage reconciliations, including supplier balances and suspense accounts, ensuring timely resolution of discrepancies.
Oversee utility payments, employee reimbursements, petty cash activities, and recurring finance-related transactions.
Prepare and review management reports related to payments, accounts payable, and reconciliations.
Investigate and resolve payment and accounting exceptions while minimizing operational risk.
Support internal, external, and regulatory audits by providing accurate documentation and process insights.
Identify opportunities for automation, process optimization, and enhanced controls across payment operations.

What We're Looking For:

Bachelor's Degree in Finance, Accounting, Commerce, or a related discipline.
UAE National with Family Book.
Strong understanding of banking operations, payment processing, accounting principles, and financial controls.
Proven experience managing high-volume payment environments.
Experience working with Oracle ERP (Accounts Payable Module).
Knowledge of local and international payment processing, including AED and foreign currency transactions.
Strong control mindset with excellent attention to detail.
Ability to manage multiple priorities while delivering high levels of accuracy.
Excellent stakeholder management and communication skills.
Customer-focused approach with a commitment to operational excellence.

Skills & Competencies:

Payments Operations Management
Accounts Payable & Financial Controls
General Ledger & Reconciliations
Regulatory Compliance & Governance
Risk Management
Financial Analysis & Problem Solving
Process Improvement & Automation
Oracle ERP
Stakeholder & Vendor Management
Reporting & MIS Preparation
Leadership & Team Development
Decision-Making & Operational Excellence

Experience Required:

Minimum 5 years of experience within Accounts Payable or Payments Operations in a large organization.
Experience managing payment volumes exceeding 2,000 transactions per month and payment values exceeding AED 30 million.
Strong exposure to banking payment operations and financial control environments.

What's In It For You:

At Rakbank, we are committed to helping our people grow and succeed. Joining us means you'll benefit from:

Competitive compensation and performance-based bonus.
Comprehensive medical and life insurance coverage.
Employee banking privileges and exclusive financial benefits.
Continuous learning and development opportunities.
Career growth within one of the UAE's leading banks.
A collaborative and supportive work environment focused on innovation and excellence.
The opportunity to drive meaningful transformation and automation initiatives across a critical banking function.

Job details are sourced from the employer's original posting.

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About the company

Rakbank

At  RAKBANK , we believe in fostering a culture of innovation, growth, and excellence. We are not just a bank – we are a community that thrives on teamwork, cutting-edge solutions, and the highest standards of governance.

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Industry: Banking
Open roles: 74