Vice President – Open Finance, Product Owner

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