Officer - Business Banking Liabilities - Profile Change

RAKBANK
United Arab Emirates
Workplace: OnsiteFull timeFunction: Banking, Lending & CreditExperience: 2+ yearsEducation: bachelorsSkills: ["Compliance","Risk awareness","Attention to detail","Customer communication","Process improvement"]

Manage and execute business banking customer profile change requests within core banking systems, ensuring updates are accurate and timely. Validate client documentation, including changes to authorized signatories, legal status, ownership structure, and contact details. Verify all requests against regulatory requirements such as KYC, AML, and FATCA, flag discrepancies, and coordinate with Relationship Managers, Operations, Credit, and Compliance. Maintain records, monitor data consistency, and produce SLA and MIS reporting.

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RAKBANK
RAKBANK
1 day ago

Officer - Business Banking Liabilities - Profile Change

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Source: Company careers pageValidated by: Fursa AI
Last checked: 15 hours agoStatus: Live

Job Summary

Manage and execute business banking customer profile change requests within core banking systems, ensuring updates are accurate and timely. Validate client documentation, including changes to authorized signatories, legal status, ownership structure, and contact details. Verify all requests against regulatory requirements such as KYC, AML, and FATCA, flag discrepancies, and coordinate with Relationship Managers, Operations, Credit, and Compliance. Maintain records, monitor data consistency, and produce SLA and MIS reporting.
Location: United Arab Emirates
Workplace: Onsite
Employment Type: Full time
Job Function: Banking, Lending & Credit
Seniority: Entry level

Key Responsibilities

  • •Process requests for customer profile changes (authorized signatories, company name, legal status, contact details, ownership structure, etc.).
  • •Validate client documentation and ensure updates are accurately reflected in core banking systems.
  • •Verify changes against regulatory requirements (KYC, AML, FATCA) and internal audit/compliance standards.
  • •Liaise with Relationship Managers and internal teams to execute profile changes and communicate with clients for clarification.
  • •Maintain accurate records, perform data consistency checks, and prepare daily/monthly MIS with SLA tracking and escalation of delays.

Key Requirements

  • •Bachelor’s degree in Commerce or Business Administration, or a related field.
  • •Minimum 2 years’ experience in banking or financial services with a focus on compliance.
  • •Proficiency in legal structures (e.g., sole proprietorship, partnership, LLC) and relevant documentation.
  • •Business controls or compliance support experience.
  • •Strong customer communication and ability to manage client documentation.
Experience:2+ yearsBankingFinancial services
Education:Bachelor's in Commerce or Business Administration
Skills:ComplianceRisk awarenessAttention to detailCustomer communicationProcess improvement

Company Brief

RAKBANK
RAKBANK is a United Arab Emirates-based bank offering personal, business, and commercial banking services, including accounts, cards, loans, deposits, and digital banking products. It serves retail customers and SMEs across the UAE.
Industry: Banking
Company Size: Large (251 to 1,000 employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Ras Al Khaimah, United Arab Emirates
Founded: 1976
WebsiteLinkedIn