Treasury Product Control Lead – P&L, IFRS & Close

Rakbank; United Arab Emirates; On-site; AED 350,000 - 700,000; Full time

Job summary

Rakbank is seeking a senior Treasury Finance professional to lead financial control across FX, fixed income and money market activities in the UAE. You’ll own P&L commentary, IFRS accuracy and year-end close, while partnering with Front Office, Risk and Regulatory Reporting.

In this role you’ll drive system enhancements (ERP, FIS) and strengthen controls, ensuring timely management reporting and robust financial governance for one of our dynamic treasury desks.

Qualifications

• Professional accounting qualification such as CA, ACA, ACCA, CPA or equivalent.
• Experience across Treasury Finance, Product Control, Treasury Accounting or Financial Control within a bank or financial institution.
• Strong knowledge of IFRS accounting requirements and fair value concepts.
• Hands-on experience in Treasury P&L analysis and valuation review.
• Experience working with Treasury and Finance systems.
• Good understanding of banking regulatory requirements and financial control environments.
• Strong analytical and problem-solving skills with attention to detail.
• CFA qualification or progress towards CFA would be an advantage.

Responsibilities

• 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.

Skills

Treasury Finance

Product Control

Treasury Accounting

Financial Control

Education

CA/ACA/ACCA/CPA or equivalent

Tools

ERP

FIS

Treasury systems

Job description

Rakbank is seeking a senior Treasury Finance professional to lead financial control across FX, fixed income and money market activities in the UAE. You’ll own P&L commentary, IFRS accuracy and year-end close, while partnering with Front Office, Risk and Regulatory Reporting.

In this role you’ll drive system enhancements (ERP, FIS) and strengthen controls, ensuring timely management reporting and robust financial governance for one of our dynamic treasury desks.