Finance Analyst - Reconciliations

Rak Bank; United Arab Emirates; On-site; AED 60,000 - 100,000; Full time

Job summary

RAKBANK is seeking a Finance Analyst specializing in reconciliations to enhance operational integrity and service excellence. The successful candidate will manage daily reconciliations, conduct branch visits, and analyze accounts to mitigate risks while ensuring compliance with banking regulations. Join a community that values innovation and offers competitive compensation and growth opportunities.

Benefits

Medical coverage for you and your family

Comprehensive life insurance

Career development opportunities

Mentorship from industry experts

Qualifications

• 2-3 years of experience in reconciliation or analytical roles within the banking sector.
• Strong understanding of banking operations and reconciliation processes.
• Knowledge of banking regulations including AML/KYC.

Responsibilities

• Perform daily reconciliation of Card Control and Suspense accounts.
• Conduct branch reconciliation proofing visits.
• Investigate outstanding items and take corrective actions.

Skills

Attention to detail

Analytical skills

Proficiency in Excel

Education

Bachelor's degree in Finance, Accounting, Business Administration

Job description

Finance Analyst - Reconciliations Rak Bank

Description
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.
About the role
In this role, you will need to ensure accurate and timely reconciliation, control adherence, and risk mitigation across branch and system operations, while driving service excellence and continuous process improvement. Reporting to the Associate Vice President, this role collaborates closely with cross-functional teams to ensure operational integrity, risk mitigation, and service excellence across reconciliation and control processes.
What You ll Be Doing :
• Perform daily reconciliation of Card Control, Suspense accounts, and review control reports related to suspense/sub-system reconciliation.
• Conduct branch reconciliation proofing visits as per schedule (minimum one visit per day).
• Investigate outstanding items, take corrective actions, and escalate unresolved entries beyond 5 days.
• Analyze reconciliation proofing for accounts managed by the Single Recon Team.
• Execute all desk duties and operational tasks with accuracy and within defined timelines.
• Verify daily reports, ensure control mechanisms are followed, and dispatch periodical reports/escalations on time.
• Prevent operational losses by adhering to controls and promptly highlighting discrepancies.
• Ensure compliance with internal policies, procedures, and regulatory requirements.
• Maintain service standards in line with SLAs and operating procedures.
• Recommend process improvements to enhance efficiency and service levels.
• Respond proactively to customer inquiries and escalate issues when necessary.
• Support business continuity initiatives and participate in related training.
• Perform additional duties as assigned by the Assistant Manager or Line Manager.
What We re Looking For :
• Education: Bachelor s degree in Finance, Accounting, Business Administration, or a related field.
• Experience: 2 3 years of experience in reconciliation or analytical roles within the banking sector, preferably in a supervisory capacity.
• Industry Exposure: Strong understanding of banking operations, reconciliation processes, and regulatory compliance (AML/KYC).
What s In It For You:
• Competitive, performance-linked compensation.
• Medical coverage for you and your family.
• Comprehensive life insurance.
• Inclusive and diverse workplace culture.
• Career development and fast-track growth opportunities.
• Mentorship from industry experts.

Desired Candidate Profile

• Strong adherence to internal controls and attention to detail.
• Knowledge of banking regulations including AML/KYC.
• High standards of accuracy and completeness.
• Proficiency in Excel and analytical tools.
• Ability to prioritize and manage multiple tasks efficiently.
• Effective collaboration across departments.
Apply Now

Company Industry

• Banking
• Broking

Department / Functional Area

• Finance
• Treasury

Keywords

• Finance Analyst - Reconciliations

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