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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
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
Opportunity Details
RAKBANK
RAKBANK, the trading name of the National Bank of Ras Al-Khaimah, is a public joint stock company, headquartered in the emirate of Ras Al-Khaimah, in the UAE. The Head Office of the bank is situated in RAKBANK Building, Emirates Rd, Ras Al-Khaimah. The bank is 52.75% owned by the Government of Ras Al-Khaimah.
Shares are publicly traded. Board consists of several members of the ruling family of the emirate of Ras-Al Khaimah and businessmen from UAE and Kuwait. The bank is engaged in providing retail and corporate banking services through a network of thirty three branches in the United Arab Emirates, but all the transactions are handled on a strictly commercial basis.
Board of Directors
H.E. Shaikh Omar bin Saqr Al-Qasimi Chairman U.A.E
H.E. Shaikh Salim bin Sultan Al-Qasimi Member U.A.E
Mr. Hamad Abdulaziz Al Sagar Member Kuwait
Mr. Abdul Aziz Abdulla Al Zaabi Member U.A.E
Mr. Yousuf Obaid Essa Al Nuaimi Member U.A.E
Mr. Ahmed Essa Al Naeem Member U.A.E
Mr. Salem Ali Abdulla Saeed Al Sharhan Al Nuaimi Member U.A.E