# Associate Vice President – Payments Processing Hub — RAKBank

Canonical: https://jobxdubai.com/jobs/orc-690-associate-vice-president-payments-processing-hub
Location: Ras Al Khaimah, UAE
Type: full_time · Level: senior
Monthly salary: AED 50,000 to 70,000 per month (estimated, not employer-stated) (UAE salaries are tax-free)
Posted: 2026-08-25
Apply: https://iacqey.fa.ocs.oraclecloud.com/hcmUI/CandidateExperience/en/sites/CX_1/job/690

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## Description

What You'll Be Doing: Lead the end-to-end payments processing function, ensuring all transactions are processed accurately and within agreed service levels. Authorize payment transactions including SWIFT payments, account credits, Manager's Cheques, and vendor payments. Review and approve accounting entries, General Ledger postings, and financial transactions. Oversee vendor payment activities and ensure timely settlement of approved invoices. Monitor payment performance metrics and drive service excellence across operations. Manage reconciliations, including supplier balances and suspense accounts, ensuring timely resolution of discrepancies. Oversee utility payments, employee reimbursements, petty cash activities, and recurring finance-related transactions. Prepare and review management reports related to payments, accounts payable, and reconciliations. Investigate and resolve payment and accounting exceptions while minimizing operational risk. Support internal, external, and regulatory audits by providing accurate documentation and process insights. Identify opportunities for automation, process optimization, and enhanced controls across payment operations. What We're Looking For: Bachelor's Degree in Finance, Accounting, Commerce, or a related discipline. UAE National with Family Book. Strong understanding of banking operations, payment processing, accounting principles, and financial controls. Proven experience managing high-volume payment environments. Experience working with Oracle ERP (Accounts Payable Module). Knowledge of local and international payment processing, including AED and foreign currency transactions. Strong control mindset with excellent attention to detail. Ability to manage multiple priorities while delivering high levels of accuracy. Excellent stakeholder management and communication skills. Customer-focused approach with a commitment to operational excellence. Skills & Competencies: Payments Operations Management Accounts Payable & Financial Controls General Ledger & Reconciliations Regulatory Compliance & Governance Risk Management Financial Analysis & Problem Solving Process Improvement & Automation Oracle ERP Stakeholder & Vendor Management Reporting & MIS Preparation Leadership & Team Development Decision-Making & Operational Excellence Experience Required: Minimum 5 years of experience within Accounts Payable or Payments Operations in a large organization. Experience managing payment volumes exceeding 2,000 transactions per month and payment values exceeding AED 30 million. Strong exposure to banking payment operations and financial control environments. What's In It For You: At Rakbank, we are committed to helping our people grow and succeed. Joining us means you'll benefit from: Competitive compensation and performance-based bonus. Comprehensive medical and life insurance coverage. Employee banking privileges and exclusive financial benefits. Continuous learning and development opportunities. Career growth within one of the UAE's leading banks. A collaborative and supportive work environment focused on innovation and excellence. The opportunity to drive meaningful transformation and automation initiatives across a critical banking function.

## Requirements

Bachelor's Degree in Finance, Accounting, Commerce, or a related discipline. UAE National with Family Book. Strong understanding of banking operations, payment processing, accounting principles, and financial controls. Proven experience managing high-volume payment environments. Experience working with Oracle ERP (Accounts Payable Module). Knowledge of local and international payment processing, including AED and foreign currency transactions. Strong control mindset with excellent attention to detail. Ability to manage multiple priorities while delivering high levels of accuracy. Excellent stakeholder management and communication skills. Customer-focused approach with a commitment to operational excellence.

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