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banking jobs in UAE | RAKBANK careers

 banking jobs in UAE | RAKBANK careers

 
banking jobs in UAE | RAKBANK careers

RAKBANK announced, through its Linkedin account, a bank job in uae (Associate Vice President – Accounting Policies) according to the following:

  • To be responsible for ensuring the Bank’s financial reporting and accounting policies comply with International Financial Reporting Standards (IFRS)
  • To develop, update and communicate accounting policies for the bank and its subsidiaries in accordance to IFRS
  • To conduct research on accounting issues, and providing guidance to the Finance team to ensure accurate and transparent financial reporting
  • Developing, implementing and maintaining accounting policies and procedures in line with regulatory, industry, legal requirements and IFRS
  • Provide guidance to the Finance team on accounting treatment of complex transactions and issues. If required prepare written summaries supporting accounting positions taken and get external auditor concurrence
  • Advice business partners on structuring of complex deals and products ensuring compliance with IFRS
  • Review product program guide issued by various business partners and confirm compliance with IFRS and Central Bank of UAE (CBUAE) regulations
  • Ensure consistency in accounting treatment and policy across the bank and its subsidiaries
  • Review financial statements, disclosures, and reports to ensure accuracy and compliance with accounting policies and regulations
  • Collaborate with internal and external auditors to facilitate the audit process and address any accounting related issues
  • Keep abreast of changes in accounting standards and regulations, and assess their impact on the bank
  • Identify and address potential accounting related risks, ensuring effective risk management practices
  • Evaluate and enhance internal controls related to accounting policies to minimize the risk of errors or non-compliance
  • Continuously review and improve accounting policies and procedures to enhance efficiency and effectiveness in financial reporting
  • Conduct training and awareness programs for various stakeholders fostering understanding and compliance
  • Strong understanding of International Financial Reporting Standards and their interpretations
  • Attention to detail, strong analytical skills and ability to work independently and as part of the team
  • Ability to influence teams across organization
  • Excellent analytical, communication, presentation and problem-solving skills
  • Minimum 5-10 years of experience in accounting and financial reporting, preferably in the banking sector
  • Experience working in fast paced and dynamic environment
  • Proven track record in developing, implementing and maintaining accounting policies preferably within the Bank or Accounting firms.

Details and apply for this RAKBANK job as follows:


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