Associate Vice President - Treasury Product Controller

RAKBANK; Dubai; Presencial; AED 520.000 - 940.000; Jornada completa

Descripción de la vacante

Rakbank is seeking a seasoned Treasury Finance professional to own the daily P&L, validate movements and provide commentary on performance. You will analyze valuation movements, support accounting for FX, fixed income, money market instruments and derivatives, and drive improvements across ERP, FIS and Treasury systems.

You will lead month- and quarter-end closes, strengthen balance sheet substantiation, and develop Treasury dashboards for senior Finance leadership while ensuring robust controls

Formación

• Qualified accountant (CA/ACA/ACCA/CPA) or equivalent.
• Experience in Treasury Finance, Product Control or Financial Control in banking.
• Knowledge of IFRS accounting requirements and fair value concepts.
• Experience with Treasury P&L analysis and valuation.
• Strong balance sheet substantiation and reconciliations.
• Experience with Treasury and Finance systems.
• Understanding banking regulatory requirements and financial control environments.
• Analytical, detail-oriented with strong communication.
• CFA progression advantageous.

Responsabilidades

• Own the daily P&L: review and explain Treasury P&L movements.
• Analyse valuation movements and trading income drivers.
• Oversee treasury balance sheet substantiation and reconciliations.
• Support accounting treatment of Treasury products (FX, fixed income, money market, derivatives, hedging).
• Support IFRS implementation impacting Treasury activities.
• Review month-end and quarter-end Treasury reporting.
• Participate in new Treasury product approvals with accounting input.
• Support ERP, FIS and Treasury system enhancements.
• Maintain Treasury Product Control SOPs and controls.
• Support ICFR, Internal/External Audit requirements.
• Develop Treasury dashboards and management reporting.
• Be Finance SME on Treasury accounting and Product Control.

Conocimientos

Treasury finance experience

Treasury product knowledge

Treasury accounting

IFRS / fair value concepts

P&L analysis

Balance sheet substantiation

Regulatory awareness

Analytical mindset

Stakeholder management

Communication & presentation

Continuous improvement

Educación

CA/ACA/ACCA/CPA or equivalent

CFA qualification / progress

Descripción del empleo

Job Description:

What’s the role?

• Own the daily P&L: Review and validate Treasury P&L, investigate significant movements and provide clear commentary on performance and market-driven impacts.
• Understand the numbers: Analyse valuation movements, trading income drivers and unusual transactions, escalating exceptions where required.
• Keep the balance sheet strong: Oversee Treasury balance sheet substantiation and reconciliations, resolving breaks across source systems, sub-ledgers and the General Ledger.
• Get the accounting right: Support the accounting treatment of Treasury products across FX, fixed income investments, money market instruments, derivatives and hedging transactions.
• Stay ahead of IFRS: Support the implementation of new IFRS and accounting requirements impacting Treasury activities.
• Own the close: Review month-end and quarter-end Treasury financial reporting and ensure accurate and timely submissions.
• Shape new products: Participate in new Treasury product approvals, assessing accounting, financial reporting and control implications and providing Finance input where required.
• Drive smarter systems: Support ERP, FIS and Treasury system enhancements that improve controls, reporting and operational efficiency.
• Strengthen our controls: Maintain Treasury Product Control SOPs, process documentation and control checklists while strengthening maker-checker and financial control frameworks.
• Stay audit-ready: Support ICFR, Internal Audit and External Audit requirements while ensuring alignment with internal policies and regulatory expectations.
• Turn data into insight: Develop Treasury dashboards and management reporting to provide meaningful analysis to Treasury, the CFO, Finance Leadership and senior management.
• Be the Finance expert: Act as the Finance subject matter expert on Treasury accounting and Product Control, working closely with Treasury Front Office, Middle Office, Risk, Financial Control and Regulatory Reporting.

What do you bring?

• A professional accounting qualification such as CA, ACA, ACCA, CPA or equivalent.
• Strong experience across Treasury Finance, Product Control, Treasury Accounting or Financial Control within a bank or financial institution.
• Strong technical knowledge of Treasury products including FX, fixed income, money market instruments and derivatives.
• Sound understanding of IFRS accounting requirements and fair value concepts.
• Hands-on experience in Treasury P&L analysis and valuation review.
• Strong experience in balance sheet substantiation and reconciliations.
• Experience working with Treasury and Finance systems.
• Good understanding of banking regulatory requirements and financial control environments.
• Strong analytical and problem-solving skills with excellent attention to detail.
• The confidence to challenge constructively while maintaining independent financial control oversight.
• Strong stakeholder management, communication and presentation skills.
• A continuous improvement mindset with the ability to identify smarter and more efficient ways of working.
• CFA qualification or progress towards CFA would be an advantage.

Why Rakbank?

• At Rakbank, you'll be at the heart of the relationship between Finance, Treasury and Risk, providing the financial control and independent insight that help us make better decisions.
• You'll have the opportunity to strengthen controls, support new Treasury products, improve systems and influence how we manage and report one of the Bank’s most dynamic businesses.
• Your expertise. Your judgement. Your impact.