Commercial Bank of Dubai
Commercial bank of Dubai is presently looking for candidate for the job role of Head of Core Banking Technology Transformation. The job holder will lead the strategic initiative to overhaul and modernize our core banking systems and technology infrastructure. This role requires a seasoned professional with a strong background in banking technology, project management, and leadership. You will be responsible for shaping the vision, strategy, and execution of core banking technology transformation, ensuring it aligns with the organization’s business objectives.
Responsibilities of Head of Core Banking Technology Transformation
- Strategic Planning: Develop and drive the strategic roadmap for core banking technology transformation, aligning it with the overall business strategy.
- Define clear objectives, milestones, and key performance indicators (KPIs) for the transformation initiative.
- Team Leadership: Build and lead a high performing team of technology professionals, including project managers, architects, engineers, and analysts.
- Foster a culture of collaboration, innovation, and continuous improvement within the team.
- Project Management: Oversee multiple transformation projects, ensuring they are delivered on time, within budget, and in line with quality standards.
- Implement effective project management methodologies and tools.
- Vendor and Partner Management: Collaborate with external vendors, technology partners, and consultants to leverage their expertise and solutions for core banking transformation.
- Negotiate contracts, manage relationships, and ensure deliverables meet expectations.
- Technology Assessment and Selection: Evaluate the suitability of existing core banking systems and technology stacks.
- Lead the process of selecting and implementing modern core banking solutions or upgrades.
- Regulatory Compliance: Ensure that all technology transformations adhere to regulatory requirements and compliance standards within the banking industry.
- Liaise with regulatory bodies and auditors as necessary.
- Risk Management: Identify potential risks associated with technology transformations and develop mitigation strategies.
- Implement robust cybersecurity measures to protect sensitive customer data.
- Change Management: Develop and execute comprehensive change management plans to minimize disruptions and ensure smooth transitions for both employees and customers.
- Provide training and support to staff affected by technology changes.
- Budget Management: Develop and manage budgets for core banking technology transformation projects.
- Monitor expenses and allocate resources effectively.
- Communication and Reporting: Maintain transparent and effective communication channels with executive leadership and stakeholders.
- Provide regular updates on project progress, challenges, and outcomes
Requirements of Head of Core Banking Technology Transformation
- Bachelor’s degree in Information Technology, Computer Science, Business Administration, or a related field (Master’s degree preferred).
- 7-8 years of extensive experience in technology leadership roles within the banking or financial services industry.
Skills and Knowledge Desired
- Proven track record of successfully managing complex technology transformation projects.
- Deep understanding of core banking systems, regulatory compliance, and industry best practices.
- Strong leadership, team building, and people management skills.
- Excellent strategic thinking, problem-solving, and decision making abilities
Senior Manager Transformation & Governance CBD
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