Senior Officer – Quality Assurance

RAKBANK, also known as the National Bank of Ras Al-Khaimah, is a Public Joint Stock Company based in the United Arab Emirates (UAE). It was founded in 1976 and is one of the oldest banks in the UAE. The Bank operates within retail and corporate banking, offering a range of services including retail and business banking, credit cards, loans, investment services, and wealth management.

In the recent years, the Bank has achieved significant milestones which includes being named as one of the world's best banks by Forbes ME (2022) and was awarded UAE's SME Bank of the year by the Asian Banking and Finance Awards. The Bank has been successful in achieving the highest profitability and lowest cost of risk since 2015. It has also seen significant growth in its acquiring business, card spending, and business loans.

Being on a transformational journey, in partnership with Honeywell, RAKBANK has also taken steps towards sustainability by reducing its overall energy consumption.

We are a diverse team comprising of over 3,000 employees from across 58 countries. We make conscious efforts to build talented and diversified teams and encourage people to develop their full potential. We are committed to providing a working environment that promotes work-life balance, career development, recognition and security for the future.

In line with our strategy, a major part of our transformation journey is to future proof our bank and establish ourselves as a ‘Digital bank with human touch’, for our customers.

So join us in co-creating the future of RAKBANK!

• Implement the AML/CFT framework to identify any potential weaknesses and/or deficiencies in existing AML policies, processes, data and controls in order to initiate remedial actions to improve AML/CFT overall framework and meet regulatory expectations
• Conduct Quality Assurance testing on the bank’s day to day Compliance activities
• Share updates with management on identified issues, and provision of timely feedback on quality of business process and controls
• Assist in identifying and escalating problem areas and risks associated with processes and make recommendations to improve quality of work
• Provide support in coordinating a holistic approach to the AML / CTF / Sanctions second line defense
• Support with the preparation of the structured management information for reporting purposes
• Track ineffective controls and related risk assessment of conformance testing results in order to ensure controls are operating effectively
• Perform Quality Assurance on Compliance Activities performed within Compliance as well as in 1st Line of Defense. e.g. Assurance on Low/Medium Risk clients
• Publish reports on a periodic basis
• Ensure ‘’lessons learnt’’ feed back into the process, trainings, policies and procedures
• Track, follow up and support first line for closure of identified control gaps
• Maintain the Risk-register

• In-depth knowledge of AML/CFT risks
• Strong analytical skills
• Excellent verbal/written communication and interpersonal skills
• Strong understanding of the Banking Operations, products/services

• Bachelor degree in Banking and Finance
• Minimum 3 years of banking experience in AMLCTF & Sanctions
• ACAMS certified

• Pay for performance culture (Competitive and performance-linked compensation)
• Provision of medical care plan for your family and you
• Comprehensive Life insurance plan
• Diverse workforce and inclusive culture
• Career development and growth opportunities by design
• Work with the best minds in the field
• Get opportunities to bring your whole-self to the organization and perform to your best