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    RA

    Rakbank

    Banking

    Associate Vice President – Payments Processing Hub

    Any, United Arab EmiratesOn-SiteFull-timePosted 2w ago
    All Rakbank jobs

    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.

    Open job posting
    RA

    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.

    View all Rakbank jobs
    Industry
    Banking
    Open roles
    74

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