Treasury Back Office Analyst

3 weeks ago


dubai, United Arab Emirates RAKBANK Full time
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 RAKBANKWhat You Will Be DoingExecute and confirm treasury transactions accurately and in a timely manner, including but not limited to money market trades, FX deals, derivatives, and other treasury products.Perform reconciliations of treasury transactions with counterparties, ensuring accuracy and completeness of trade confirmations, settlements, and documentation.Monitor and manage cash positions, ensuring sufficient liquidity for daily operations while optimizing cash balances.Collaborate with internal stakeholders such as front office traders, risk management, finance, and compliance teams to resolve any discrepancies or issues related to treasury transactions.Assist in the implementation and enhancement of back-office systems and processes to improve efficiency, accuracy, and control.Stay updated on regulatory requirements and industry best practices related to treasury operations, ensuring compliance with relevant regulations and internal policies.Provide support during internal and external audits by preparing documentation, responding to inquiries, and assisting in remediation efforts as necessary.Contribute to ad-hoc projects and initiatives aimed at enhancing the overall effectiveness of the treasury function and supporting the bank's strategic objectives.What You Should HaveBachelor's degree in finance, accounting, economics, or a related field.2+ years of experience in treasury operations, back-office functions, or a similar role within a financial institution.Strong understanding of money markets, FX, and other treasury products, including their lifecycle and settlement processes.Proficiency in using treasury management systems (TMS), SWIFT, and other relevant software applications.Knowledge of regulatory requirements and compliance standards relevant to treasury operations in the UAE is preferred.Professional certifications such as Certified Treasury Professional (CTP) or Association of Corporate Treasurers (ACT) qualifications would be advantageous.What We Are Looking ForExcellent analytical skills with the ability to identify and resolve issues independently.Effective communication skills with the ability to collaborate cross-functionally and interact with internal and external stakeholders.Highly organized with strong attention to detail and the ability to manage multiple tasks simultaneously.What’s In It For YouPay for performance culture (Competitive and performance-linked compensation)Provision of medical care plan for your family and youComprehensive Life insurance planDiverse workforce and inclusive cultureCareer development and growth opportunities by designWork with the best minds in the fieldGet opportunities to bring your whole-self to the organization and perform to your best
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