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Head of Open Finance - Leading KSA bank

Michael Page

Riyadh

On-site

USD 80,000 - 120,000

Full time

3 days ago
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Job summary

A leading bank seeks a Head of Open Finance Division to drive strategy, manage P&L, and lead a high-performing team. This role requires experience in Open Finance ecosystems, strong leadership, and commercial skills, offering competitive salary and a chance to shape the banking landscape in the Middle East.

Benefits

Competitive salary and benefits
Opportunity to be part of the banking ecosystem

Qualifications

  • Visionary leader with strategic mindset and execution capabilities.
  • Experience managing P&L for a business line.
  • Familiarity with FinTechs and B2B clients.

Responsibilities

  • Define and execute strategy for Open Finance Division.
  • Oversee P&L and drive profitability.
  • Establish relationships with FinTechs and clients.

Skills

Leadership
Strategic Thinking
Commercialisation
Communication
Understanding of APIs and Microservices

Education

12+ years in financial services

Job description

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, microservices, 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

Requirements

  • Visionary leader with a strategic mindset and hands-on execution capabilities.
  • Deep understanding of the Open Finance ecosystem, including APIs, microservices, and digital platforms.
  • Proven experience managing a business line with full P&L responsibility.
  • Familiarity with FinTechs, NBFIs, and other B2B clients leveraging Open Finance solutions.
  • Experience collaborating with IT and digital teams to deliver scalable platforms and services.
  • Exceptional leadership and executive communication skills.
  • 12+ years of experience in financial services, with at least 5 years in BaaS, Open Banking, or similar domains.
  • Strong background in both business development and technology delivery, with a focus on commercialisation.
  • Solid understanding of banking and financial services industry, including regulatory frameworks and trends.
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