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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 be responsible to support the Compliance Monitoring function by conducting independent reviews covering regulatory, financial crime compliance (FCC), and conduct risks in accordance with the approved Compliance Monitoring Plan (CMP), and to provide assurance on the efficiency and effectiveness of internal controls and compliance frameworks across the organization. In this role you will be reporting to Senior Vice President & Head of Compliance Assurance & Monitoring.
What You’ll Be Doing:
- Execute compliance monitoring plans through thematic and desktop reviews to evaluate control effectiveness across business units.
- Document findings and escalate compliance issues to stakeholders in a timely and structured manner.
- Prepare and present reports and insights for management and business units, including dashboards and risk ratings.
- Support the development and implementation of corrective action plans, tracking resolution and maintaining updated risk registers and issue logs.
- Update and manage the issue tracker repository, providing regular updates to senior management.
- Contribute to the refinement of compliance policies, procedures, and training materials based on monitoring outcomes and emerging risks.
- Identify and analyze new risk patterns and typologies through ongoing reviews and data interpretation to support proactive risk management.
- Ensure adherence to internal policies and regulatory standards, including the CMA charter and CBUAE requirements.
- Monitor and interpret updates from regulatory bodies and international compliance frameworks relevant to financial crime and AML/CFT.
- Maintain accurate compliance documentation to support regulatory inspections, audits, and inquiries efficiently.
- Participate in team meetings, training sessions, and knowledge-sharing forums to foster collaboration and compliance awareness.
- Collate and risk-rate monitoring results using structured matrices and provide actionable insights for senior leadership.
What We’re Looking For:
- Education - Bachelor’s or master’s degree in finance, Law, Business Administration, or a related field. Professional certifications such as CAMS, ICA, CFE, or equivalent (preferred).
- Experience - 3 to 5 years of relevant experience in compliance, audit, or risk management within the banking or financial services sector.
- Industry Exposure - Banking and Finance
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.
Skills
- Analytical and Reasoning skills
- Understanding of AML/CFT risks
- Strong understanding of the Banking Operations, products/services
- Effective communication skills (verbal and written)
- Ability to work independently and on a team
- Ability to work under pressure and accomplish tasks assigned within tight deadline
- Strong ability to understand and navigate a complex technological and operational environment
Opportunity Details
RAKBANK
RAKBANK, the trading name of the National Bank of Ras Al-Khaimah, is a public joint stock company, headquartered in the emirate of Ras Al-Khaimah, in the UAE. The Head Office of the bank is situated in RAKBANK Building, Emirates Rd, Ras Al-Khaimah. The bank is 52.75% owned by the Government of Ras Al-Khaimah.
Shares are publicly traded. Board consists of several members of the ruling family of the emirate of Ras-Al Khaimah and businessmen from UAE and Kuwait. The bank is engaged in providing retail and corporate banking services through a network of thirty three branches in the United Arab Emirates, but all the transactions are handled on a strictly commercial basis.
Board of Directors
H.E. Shaikh Omar bin Saqr Al-Qasimi Chairman U.A.E
H.E. Shaikh Salim bin Sultan Al-Qasimi Member U.A.E
Mr. Hamad Abdulaziz Al Sagar Member Kuwait
Mr. Abdul Aziz Abdulla Al Zaabi Member U.A.E
Mr. Yousuf Obaid Essa Al Nuaimi Member U.A.E
Mr. Ahmed Essa Al Naeem Member U.A.E
Mr. Salem Ali Abdulla Saeed Al Sharhan Al Nuaimi Member U.A.E