VP, Payments Processing & Financial Controls

Rakbank; United Arab Emirates; On-site; AED 240,000 - 420,000; Full time

Benefits offered by this job

Competitive bonus

Medical and life insurance

Employee banking privileges

Learning and development

Job summary

Rakbank seeks a senior Payments Operations Leader to manage end-to-end processing, ensure transactions are accurate and settled within service levels. You will approve complex payments, oversee vendor settlements and drive performance metrics in a high-volume banking environment.

The role requires a strong control mindset, experience with Oracle ERP, and the ability to automate processes while maintaining strict financial controls. Collaboration with auditors and stakeholders is essential.

Qualifications

• Bachelor's degree in Finance, Accounting, Commerce or related discipline.
• Strong understanding of banking operations, payment processing, accounting principles and financial controls.
• Experience managing high-volume payment environments.

Responsibilities

• Lead end-to-end payments processing ensuring accuracy and SLA adherence.
• Authorize payment transactions including SWIFT, vendor payments and manager's cheques.
• Review and approve accounting entries, GL postings and financial transactions.
• Oversee vendor payments and timely settlement of invoices.
• Monitor payment performance metrics and drive service excellence.
• Manage reconciliations including supplier balances and suspense accounts.
• Prepare and review management reports on payments, accounts payable and reconciliations.
• Investigate exceptions and minimise operational risk.
• Support audits with accurate documentation and process insights.
• Identify automation opportunities and improvements across payment operations.

Skills

Payments operations management

Stakeholder management

High-volume processing

Attention to detail

Oracle ERP

Education

Bachelor's degree in Finance/Accounting/Commerce

Tools

Oracle ERP

Job description

Rakbank seeks a senior Payments Operations Leader to manage end-to-end processing, ensure transactions are accurate and settled within service levels. You will approve complex payments, oversee vendor settlements and drive performance metrics in a high-volume banking environment.

The role requires a strong control mindset, experience with Oracle ERP, and the ability to automate processes while maintaining strict financial controls. Collaboration with auditors and stakeholders is essential.