Officer - Treasury Back Office

Role Overview

Officer – Treasury Back Office at RAK BANK, responsible for managing treasury post-trade activities, securities settlements, reconciliations, and investment lifecycle events while ensuring strong governance, regulatory compliance, and operational efficiency.

Role Purpose

Manage end-to-end processing and settlement of Fixed Income, Equities, Repo, and Reverse Repo transactions while validating accuracy, maintaining controls, and supporting treasury accounting and regulatory reporting.

Key Responsibilities

Transaction Processing & Settlement

• Manage end-to-end processing and settlement of Fixed Income, Equities, Repo, and Reverse Repo transactions.
• Validate and authorize treasury transactions booked by Front Office teams, ensuring accuracy and completeness of trade details.
• Process Bonds, Sukuk, Treasury Bills, UAE M-Bills, EMTNs, and other investment securities throughout their lifecycle.
• Ensure timely settlement and confirmation of transactions with custodians, counterparties, brokers, and clearing agents.

Corporate Actions & Investment Events

• Monitor and process coupon payments, profit distributions, maturities, redemptions, and corporate action events.
• Handle equity settlements and corporate actions including dividends, stock splits, bonus issues, and rights issues.

Repo Operations

• Process Repo and Reverse Repo transactions, including collateral management, interest calculations, and maturity settlements.

Reconciliations & Controls

• Perform daily reconciliations of securities positions, custodian accounts, Nostro accounts, treasury systems, and GL balances.

Finance & Governance Support

• Support treasury accounting, regulatory reporting, audit activities, and period-end closing processes.

Process Enhancement

• Drive process improvement, automation initiatives, UAT activities, and operational enhancement projects.

Qualifications & Experience

• 5-8 years of experience in Treasury Operations, Treasury Back Office, Securities Operations, or Capital Markets Operations.
• Hands-on experience with Bonds, Sukuk, Treasury Bills, M-Bills, Equities, Repo, and Reverse Repo products.
• Strong understanding of securities settlement, custody operations, corporate actions, and treasury reconciliations.
• Bachelor's Degree in Finance, Accounting, Banking, Economics, or a related field.
• ACI/CISI certification is an advantage.

Skills & Competencies

• Treasury Operations and Securities Settlement expertise.
• Fixed Income and Investment Products knowledge.
• Treasury Reconciliations and Controls proficiency.
• Regulatory Compliance and Operational Risk awareness.
• Process Improvement and Automation mindset.

Additional Information

• Gain exposure to a wide range of Treasury and Investment products.
• Work closely with Treasury Front Office, Finance, Custodians, and Market Counterparties.
• Contribute to operational excellence and automation initiatives.
• Develop expertise in securities operations and treasury settlements.
• Be part of a collaborative and high-performing banking environment.