Senior Vice President & Head of Innovation RAKBANK Dubai

RAKBANK Dubai is presently hiring suitable candidate for the job role of Senior Vice President & Head of Innovation. This is a senior level and full time role and for this job the salary ranges from 25000 AED to 50000 AED. The vacancy was announced by the bank on May 17, 2024.

Responsibilities of Senior Vice President & Head of Innovation

• Identifying Opportunities for Innovation: Analyze data, market trends, and consult with stakeholders to pinpoint areas for new products, services, or processes.
• Evaluate growth and success opportunities.
• To Identify, Select, Incubate and Realize Commercial Value from Technology-Led Innovation for RAKBANK’s Personal, Business, and Wholesale Banking Divisions.
• Developing and Implementing Innovation Strategies: Create and execute strategies supporting the Bank’s innovation goals.
• Coordinate with departments, manage budgets, and ensure timely project completion.
• Leading Innovation Projects: Coordinate with cross-functional teams, manage resources, and ensure projects align with business goals.
• Communicating with Stakeholders: Engage with employees, customers, and investors to share information about innovation initiatives. Present ideas, answer questions, and provide updates.
• Mentoring and Developing Team Members: Foster an innovative culture by mentoring and developing team members. Set goals, evaluate performance, and provide guidance.
• Innovation Framework and Pipeline Setup: Establish and manage the innovation framework and pipeline, ensuring alignment among internal sponsors and stakeholders.
• Subject Matter Expertise and Business Case Development: Act as a subject matter expert, develop business cases to secure funding, and manage resources as per business needs.
• Fostering a Culture of Innovation: Promote and cultivate an innovative culture within the bank.
• External Engagement: Coordinate with external innovation partners and forums.

Requirements of Senior Vice President & Head of Innovation

• Bachelor’s degree in business, finance, or a related field. MBA preferred.
• 8-12 years of experience in IT, technology, business, marketing, or finance-related fields.
• Experience in the banking or financial services industry is preferred.

Skills and Knowledge Desire

• Knowledge of emerging technologies and trends in the Banking/Fintech industry.
• Understanding of concepts such as RPA, block chain, AI, machine learning, and cognitive computing.
• Strong business acumen, critical thinking, and presentation skills.
• Proficiency in project planning, budgeting, and oversight.
• Forward-thinking and adaptability to dynamic situations.
• Proven track record of successfully leading and implementing innovative projects.

Job Benefits

• Pay for performance culture (Competitive and performance-linked compensation).
• Provision of medical care plan for your family and you.
• Comprehensive Life insurance plan.
• Diverse workforce and inclusive culture.
• Career development and growth opportunities by design.
• Work with the best minds in the field.
• Get opportunities to bring your whole self to the organization and perform to your best.

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