Vice President - Open Finance, Product Owner

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

Job summary

A prominent banking institution in the UAE is seeking an experienced Open Finance Product Owner to lead their Open Finance strategy. The ideal candidate will oversee the commercialization of the bank's API and data-sharing platform while ensuring regulatory compliance and enabling new revenue streams through innovative models. Candidates should possess extensive experience in fintech, Open Banking, and product ownership.

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

Qualifications

• 10+ years in financial services innovation, digital banking, or fintech.
• Minimum 5 years as a product owner in Open Banking/Finance or API-platform programs.
• Proven success in launching commercial API products and ecosystem partnerships.
• Deep understanding of UAE regulatory landscape and Open Finance frameworks.
• Experience working with fintechs, BigTech, and financial institutions.

Responsibilities

• Define and own the Open Finance strategy, investment cases, and KPI framework.
• Develop the API product catalogue, consent-management model, and data-residency controls.
• Create revenue models including transaction fees, data monetization, and platform licensing.
• Represent RAKBANK in regulatory and industry forums.
• Lead cross-functional squads from ideation to launch.

Skills

Strategic Thinking & Commercial Acumen

Partnership & Negotiation

Regulatory Fluency

Agile Delivery Leadership

Technical Literacy (API lifecycle, OAuth 2.0, ISO 20022, etc.)

Customer-Centric Mindset

Communication & Stakeholder Management

People & Culture Development

Education

Bachelor’s degree in Finance, Computer Science, Engineering, or related field

MBA or Master’s in Digital Finance preferred

Job description

The Open Finance Product Owner will lead RAKBANK’s Open Finance strategy, overseeing the development and commercialization of the bank’s API and data-sharing platform. This role is pivotal in aligning regulatory requirements with business innovation, enabling new revenue streams through embedded finance and Banking-as-a-Service models.

What You’ll Be Doing:

Strategy & Roadmap

• Define and own the Open Finance strategy, investment cases, and KPI framework.
• Prioritize use-cases across data, payments, identity, and embedded lending.

Platform Build & Governance

• Develop the API product catalogue, consent-management model, and data-residency controls.
• Facilitate governance through the Open Finance Steering Committee.

Commercialisation

• Create revenue models including transaction fees, data monetization, and platform licensing.
• Manage partnerships with fintechs, aggregators, and third-party providers.

Regulatory & Industry Engagement

• Represent RAKBANK in regulatory and industry forums.
• Ensure compliance with UAE Central Bank, Nebras, and other frameworks.

Delivery Oversight

• Lead cross-functional squads from ideation to launch.
• Track OKRs, manage budgets, and remove delivery blockers.

Talent & Culture

• Build a talent pipeline with Open Finance expertise.
• Promote a partnership-led, experiment-driven culture.

What We’re Looking For:

• Bachelor’s degree in Finance, Computer Science, Engineering, or related field.
• MBA or Master’s in Digital Finance preferred.
• 10+ years in financial services innovation, digital banking, or fintech.
• Minimum 5 years as a product owner in Open Banking/Finance or API-platform programs.
• Proven success in launching commercial API products and ecosystem partnerships.
• Deep understanding of UAE regulatory landscape and Open Finance frameworks.
• Experience working with fintechs, BigTech, and financial institutions.

Skills:

• Strategic Thinking & Commercial Acumen
• Partnership & Negotiation
• Regulatory Fluency
• Agile Delivery Leadership
• Technical Literacy (API lifecycle, OAuth 2.0, ISO 20022, etc.)
• Customer-Centric Mindset
• Communication & Stakeholder Management
• People & Culture Development

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
• Work alongside some of the best minds in the industry
• A chance to bring your whole self to work and thrive