Associate Vice President, Remittance Product
Rak Bank Career Site
Job description
About the role
The Associate Vice President – Remittance Product will lead the bank’s domestic and international payments strategy, driving growth, innovation and commercial performance across payment corridors and partnerships.
Key responsibilities
- Support implementation of domestic and cross‑border payments strategy, identifying new corridors and revenue opportunities.
- Manage and enhance domestic payment solutions (NPSS, Aani, account‑to‑account, bill payments, WPS 2.0) ensuring operational resilience and compliance.
- Drive growth and monetisation of Western Union and other correspondent corridors, exploring emerging markets and technologies such as blockchain.
- Develop and manage strategic partnerships with fintechs, payment providers and correspondent banks, negotiating commercial agreements and service‑level commitments.
- Lead product and proposition development, building business cases for new payment capabilities and value‑added services.
- Oversee governance, risk and compliance for payment products, maintaining strong controls and audit readiness.
Required profile
- Bachelor’s degree in a STEM discipline; postgraduate qualification in Business, Finance, Technology or Payments is a plus.
- 8‑10 years of experience in payments, remittances, transaction banking or fintech, with a proven track record of managing domestic or cross‑border payment products.
- Strong understanding of domestic and international payment rails, remittance corridors, and emerging technologies such as blockchain and real‑time payments.
- Experience negotiating and managing complex strategic partnerships and delivering revenue growth.
Required skills
- APIs
- blockchain
- digital assets
What we offer
- Competitive, performance‑linked compensation
- Medical coverage for you and your family
- Comprehensive life insurance
- Opportunity to shape the future of payments and remittances at a leading UAE bank
- Exposure to strategic partnerships, fintech ecosystems and emerging payment technologies
- Collaborative, innovation‑focused environment with strong leadership visibility
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Published 9 hours ago
Expires 1 month from now
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Rak Bank Career Site