Associate Vice President – Payments Processing Hub
Rak Bank Career Site
Job description
About the role
Lead the end‑to‑end payments processing function for a leading UAE bank, ensuring transaction accuracy, compliance and service‑level performance while driving automation and process improvements.
Key responsibilities
- Authorize and oversee SWIFT payments, account credits, manager’s cheques and vendor payments.
- Review and approve accounting entries, general ledger postings and financial transactions.
- Manage vendor payment activities and ensure timely settlement of approved invoices.
- Monitor payment performance metrics and drive service excellence across operations.
- Oversee reconciliations of supplier balances, suspense accounts and utility payments.
- Prepare and review management reports on payments, accounts payable and reconciliations.
- Investigate and resolve payment and accounting exceptions while minimizing operational risk.
- Support internal, external and regulatory audits with accurate documentation.
- Identify opportunities for automation, process optimisation and enhanced controls.
Required profile
- Bachelor’s degree in Finance, Accounting, Commerce or related discipline.
- UAE national with a Family Book.
- Minimum 5 years experience in accounts payable or payments operations in a large organisation.
- Experience handling >2,000 transactions per month and values exceeding AED 30 million.
- Strong understanding of banking operations, payment processing and financial controls.
Required skills
- Payments Operations Management
- Accounts Payable & Financial Controls
- General Ledger & Reconciliations
- Regulatory Compliance & Governance
- Risk Management
- Process Improvement & Automation
- Oracle ERP (Accounts Payable module)
- Stakeholder & Vendor Management
- Reporting & MIS Preparation
- Leadership & Team Development
What we offer
- 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.
- Collaborative and supportive work environment focused on innovation.
- Opportunity to drive transformation and automation initiatives.
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Published 2 days ago
Expires 1 month from now
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