Vice President - Open Finance, Product Owner

National Bank of Ras Al-Khaimah PJSC; United Arab Emirates; On-site; AED 200,000 - 300,000; Full time

Job summary

A major banking institution in UAE seeks an Open Finance Product Owner to lead the Open Finance strategy and oversee the bank's API and data-sharing platform. The role requires extensive experience in financial services innovation and a strong understanding of the UAE regulatory landscape. You will manage partnerships with fintechs and drive new revenue streams through innovative financial solutions.

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 or digital banking.
• Minimum 5 years as a product owner in Open Banking/Finance.
• Proven success in launching commercial API products.

Responsibilities

• Define and own the Open Finance strategy and KPI framework.
• Develop the API product catalogue and consent-management model.
• Create revenue models and manage partnerships with fintechs.
• Represent RAKBANK in regulatory and industry forums.

Skills

API product development

Regulatory compliance

Financial services innovation

Commercialization strategies

Cross-functional leadership

Education

Bachelor’s degree in Finance, Computer Science, Engineering

MBA or Master’s in Digital Finance

Job description

About the Role:

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.

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