Vice President & Head of Products- Business Banking Assets

RAKBANK; Dubai; On-site; AED 300,000 - 400,000; Full time

Job summary

RAKBANK is seeking a Business Banking Product Manager to drive portfolio growth and customer engagement through innovative SME lending solutions. The ideal candidate will have extensive experience in commercial lending, ideally within the UAE, and will lead the product strategy while ensuring compliance with regulations. This role offers competitive compensation and career development opportunities in a diverse workplace.

Benefits

Competitive, performance-linked compensation

Medical coverage for you and your family

Comprehensive life insurance

Inclusive and diverse workplace culture

Career development and fast-track growth opportunities

Mentorship from industry experts

Qualifications

• 8–10 years of experience in commercial lending or product management.
• Minimum 5 years in a leadership role within SME or Business Banking.
• Strong background in financial services, particularly SME lending.

Responsibilities

• Define and execute the strategic roadmap for SME lending products.
• Lead the end-to-end lifecycle of lending products—from ideation to optimization.
• Drive digital transformation by enhancing lending journeys.

Skills

Product Strategy & Innovation

Regulatory Compliance

Digital Enablement

Agility & Innovation

Leadership & Team Building

Education

Bachelor’s degree in Finance, Business, or a related field

MBA or equivalent advanced degree

Job description

About the role

You will be at the forefront of driving portfolio growth, profitability, and customer engagement through innovative, risk-aligned credit solutions tailored to the evolving needs of SMEs. Reporting to the SVP & Head – Business Banking Products and working closely with cross-functional teams including Credit, Risk, Collections, Technology, Digital Transformation, and external partners such as Fintechs and Lending Platforms, this role leads the strategy, development, and management of SME lending products.

What You’ll Be Doing:

• Define and execute the strategic roadmap for SME lending products in alignment with business goals and regulatory frameworks.
• Identify market opportunities and customer pain points to design differentiated lending propositions.
• Lead the end-to-end lifecycle of lending products—from ideation and structuring to launch and optimization.
• Collaborate with Credit, Risk, Compliance, and Technology to ensure offerings are customer-centric and policy-compliant.
• Drive digital transformation by enhancing lending journeys through automation, embedded finance, and fintech partnerships.
• Monitor product performance, manage P&L, and ensure portfolio health through data-driven insights and timely interventions.
• Ensure regulatory compliance and risk alignment across all product initiatives.
• Act as the Business Banking SPOC for enterprise-wide projects impacting lending journeys and governance.
• Champion customer-centricity by tailoring products to SME segments, industry verticals, and lifecycle stages.
• Deliver on annual targets for asset book growth, fee income, and portfolio yield.

What We’re Looking For:

• Education: Bachelor’s degree in Finance, Business, or a related field.
• MBA or equivalent advanced degree preferred.
• Experience: 8–10 years of experience in commercial lending or product management. Minimum 5 years in a leadership role within SME or Business Banking.
• Industry Exposure: Strong background in financial services, particularly SME lending.
• Familiarity with UAE banking regulations and fintech ecosystems is a plus.

What’s In It For You:

• Competitive, performance-linked compensation.
• Medical coverage for you and your family.
• Comprehensive life insurance.
• Inclusive and diverse workplace culture.
• Career development and fast-track growth opportunities.
• Mentorship from industry experts.

Skills:

• Product Strategy & Innovation: Skilled in conceptualizing and evolving lending products based on market dynamics, customer needs, and portfolio performance.
• Regulatory Compliance: Well-versed in CBUAE regulations and credit governance frameworks, ensuring full alignment with regulatory standards.
• Digital Enablement: Experienced in digital lending platforms, automation of credit journeys, and integration with fintech and API ecosystems.
• Agility & Innovation: Demonstrated ability to innovate under constraints and adapt quickly to changing market conditions.
• Leadership & Team Building: Proven experience in leading product teams, mentoring talent, and fostering a collaborative, high-performance culture.