Summary
RAKBANK is hiring a Senior Analyst to manage vendor onboarding and offboarding, due diligence, supplier records, and performance reviews. The role also covers KPI and SLA monitoring, reporting, quality reviews, audit support, and process improvement in coordination with procurement, compliance, finance, and business teams. Applicants need a relevant bachelor's degree and at least six years of related experience, preferably in banking or financial services, with knowledge of UAE regulatory expectations. The position is in the UAE; applicants must be UAE Nationals with a Family Book. The posting mentions competitive compensation and benefits but gives no salary amount.
The posting
As published on rakbank.ae. Pulled from the employer's site and shown as they wrote it.
What You'll Be Doing:
- Manage and coordinate vendor onboarding and offboarding activities across approved systems and workflows.
- Review and validate supplier documentation, approvals, and workflow records to ensure accuracy, completeness, and compliance.
- Support sanctions screening, UBO verification, AECB checks, and other due diligence activities in accordance with bank policies.
- Maintain vendor master data, monitor document expirations, and ensure records remain audit-ready.
- Coordinate vendor performance review cycles, including scorecard preparation, KPI tracking, and stakeholder feedback collection.
- Monitor vendor service levels, remediation plans, and performance improvement initiatives.
- Prepare management reports, MIS dashboards, and governance packs covering onboarding metrics, performance trends, SLA adherence, and operational exceptions.
- Conduct first-level quality reviews of vendor management activities and provide procedural guidance where required.
- Collaborate with business owners, procurement, compliance, finance, and offshore delivery teams to ensure smooth execution of vendor management processes.
- Support audits, regulatory reviews, and continuous process improvement initiatives within the Vendor Management Office.
What We're Looking For:
- Bachelor's degree in Business Administration, Finance, Supply Chain Management, Risk Management, or a related field.
- UAE National with a Family Book.
- Minimum 6 years of experience in vendor management, procurement operations, third-party risk management, compliance operations, or supplier performance management.
- Experience working within a banking or financial services environment and familiarity with UAE regulatory expectations.
- Strong understanding of vendor onboarding, supplier governance, performance management, and compliance controls.
- Knowledge of AML/KYC processes, sanctions screening, UBO identification, and third-party due diligence requirements.
- Advanced analytical and reporting skills, including strong proficiency in Microsoft Excel.
- Experience with systems such as Oracle Fusion, Firco Trust, AECB, or similar vendor governance platforms is highly advantageous.
- Excellent stakeholder management, communication, and problem-solving skills.
- Professional certifications such as CIPS, CPSM, CAMS, CGRC, CISA, PMP, PRINCE2, or Lean Six Sigma are a plus.
- Fluent English is required, and Arabic language skills are preferred.
What's In It For You:
At Rakbank, you'll have the opportunity to contribute to a high-impact function that supports the bank's governance, risk management, and operational excellence objectives.
We offer:
- The opportunity to work with a leading UAE bank committed to innovation and transformation.
- Exposure to cross-functional stakeholders across Procurement, Compliance, Risk, Finance, and Business teams.
- A collaborative and supportive work environment that encourages continuous learning and professional growth.
- The chance to influence vendor governance standards and drive meaningful process improvements.
- Access to learning and development opportunities that help build expertise in procurement, vendor management, and regulatory compliance.
- Competitive compensation and benefits, including employee banking privileges, life insurance, annual leave, and performance-driven career progression opportunities.