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 personal 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!
What You Will Be Doing
- Developing and implementing the bank's corporate development strategy in line with business goals.
- Identifying growth opportunities through market research and competitive analysis.
- Leading the evaluation and due diligence process for potential partnerships, mergers, and acquisitions.
- Supporting negotiation and structuring of corporate development transactions.
- Collaborating with internal teams and external partners to execute initiatives effectively.
- Analyzing financial and strategic data to support decision-making.
- Developing and maintaining relationships with key industry players.
- Monitoring and evaluating the performance of existing partnerships and acquisitions.
- Presenting findings, recommendations, and progress updates to senior management and the board.
- Leading cross-functional teams to execute corporate development projects efficiently.
What You Should Have
- Proven track record in mergers, acquisitions, or partnerships.
- Strong knowledge of banking regulations, financial markets, and industry trends.
- Experience in managing cross-functional projects and leading teams.
- Excellent financial acumen and analytical skills, including building valuation models.
- Excellent communication and negotiation abilities.
- Strategic thinking and planning capabilities.
- Ability to work collaboratively in a team environment under tight timelines.
- High level of integrity and professionalism.
- Ability to communicate complex problems to senior stakeholders.
What We Are Looking For
- Bachelor's degree in Finance, Economics, Business Administration, or related field (Master's degree preferred).
- Minimum of 5 years of experience in corporate development or investment banking.
- Ability to resolve complex problems with conflicting information.
- Comfortable interacting with internal stakeholders from various departments and senior executives.
- Comfortable building relationships with external stakeholders involved in M&A activities.
- Functioning within the framework and boundaries of bank policies and overall organization governance frameworks.
- Authorized decision-making authority as per the approved authorization matrix.
What’s In It For You
- 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
