Head of Open Finance - Leading KSA bank

Michael Page; Riyadh; On-site; USD 80,000 - 120,000; Full time

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.