The Head of Open Finance will spearhead the bank's new Open Finance Division, focusing on leveraging Open Banking, BaaS, and Embedded Finance to drive growth through a B2B2X model. This role demands a blend of strategic vision and hands-on execution to monetise services, build partnerships, and establish the bank as a leader in the Open Finance ecosystem.Client DetailsThe client is one the leading banks in KSA with a strong corporate and retail presence across the countryDescription* Strategy and Business Development: Define and execute a comprehensive strategy for the bank's Open Finance Division, ensuring alignment with the bank's overall objectives. * P&L and Commercial Focus: Take full ownership of the division's P&L, driving revenue generation, cost optimisation, and profitability. * Product and Technology Management: Oversee the creation, management, and delivery of APIs, micro services, and other Open Finance offerings, ensuring they meet client needs and are market-ready. * Market Engagement and Partnerships: Establish strong relationships with FinTechs, NBFIs, and other potential clients, understanding their needs and aligning the bank's offerings to meet those requirements. * Scaling and Growth: Scale the Open Finance business line by expanding the product portfolio, increasing client adoption, and driving operational efficiency. * Team and Stakeholder Leadership: Build and lead a high-performing Open Finance team, fostering a culture of innovation, collaboration, and accountability.Job Offer * Competitive salary and benefits * Opportunity to be a part of the growing banking ecosystem in the Middle East
* Visionary Leader: Strategic thinker with a hands-on approach to execution, able to balance long-term goals with immediate deliverables. * Open Finance Expert: Deep understanding of the Open Finance ecosystem, including APIs, microservices, and digital platforms. * Commercial Acumen: Proven experience in developing and managing a business line with full P&L responsibility. * FinTech Savvy: Familiarity with the needs and behaviours of FinTechs, NBFIs, and other B2B clients who leverage Open Finance solutions. * Technologically Adept: Experience working with IT and digital teams to develop and deliver APIs, platforms, and services at scale. * Communication Mastery: Exceptional leadership and executive communication skills, capable of influencing and aligning senior stakeholders. * Experienced: 12+ years in financial services, with at least 5 years in BaaS, Open Banking, or similar domains. * Business and Technology Balance: Strong background in both business development and technology delivery, with a focus on commercialisation. * Industry Knowledge: Strong knowledge of banking and financial services, including regulatory requirements and industry trends.
