Associate Vice President

2 weeks ago


Dubai, Dubai, United Arab Emirates RAKBANK Full time
Associate Vice President - Business Credit Cards

RAKBANK, also known as the National Bank of Ras Al-Khaimah, is a Public Joint Stock Company based in the United Arab Emirates (UAE). It was founded in 1976 and is one of the oldest banks in the UAE. The Bank operates within retail and corporate banking, offering a range of services including retail and business banking, credit cards, loans, investment services and wealth management.

In the recent years, the Bank has achieved significant milestones which includes being named as one of the world's best banks by Forbes ME and was awarded UAE's SME Bank of the year by the Asian Banking and Finance Awards. The Bank has been successful in achieving the highest profitability and lowest cost of risk since 2015. It has also seen significant growth in its acquiring business, card spending and business loans.

Being on a transformational journey, in partnership with Honeywell, RAKBANK has also taken steps towards sustainability by reducing its overall energy consumption.

We are a diverse team comprising of over 3,000 employees from across 58 countries. We make conscious efforts to build talented and diversified teams and encourage people to develop their full potential. We are committed to providing a working environment that promotes work-life balance, career development, recognition and security for the future.

In line with our strategy, a major part of our transformation journey is to future proof our bank and establish ourselves as a 'Digital bank with human touch', for our customers.

So join us in co-creating the future of RAKBANK

What You Will Be Doing

  • Strategize and execute comprehensive plans for the credit card product line, ensuring alignment with the broader objectives of the bank.
  • Assume responsibility of the entire product development lifecycle, from ideation to launch, working closely with diverse teams such as marketing, finance, risk management, and technology.
  • Collaborate effectively to conceptualize and design innovative credit card products that not only address customer needs but also enhance the bottom line.
  • Conduct continuous market research and analysis to stay abreast of emerging trends, competitive dynamics, and shifting consumer preferences within the credit card industry.
  • Oversee the performance of existing credit card products and manage key portfolio metrics including acquisition, activation, utilization, and retention rates.
  • Implement strategic initiatives to optimize portfolio profitability, mitigate risk exposure, and achieve growth objectives in line with the bank's overall strategy.
  • Ensure strict adherence to regulatory requirements governing credit card products and marketing initiatives, including consumer protection laws, data privacy regulations, and card network rules.

What You Should Have

  • Deep understanding of credit card products, payment networks, and regulatory compliance.
  • Analytical prowess for interpreting complex data and deriving actionable insights.
  • Exceptional communication and presentation abilities to influence stakeholders across all organizational levels.
  • Proven track record of strategic thinking, driving results, and fostering innovation in dynamic settings.

What We Are Looking For

  • University Degree or Equivalent.
  • Minimum 10 years of product management expertise in banking/financial services, especially in business/commercial credit cards.

What's In It For You

  • Pay for performance culture (Competitive and performance-linked compensation)
  • Provision of medical care plan for your family and you
  • 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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