Open Finance Architect

5 days ago


Dubai, Dubai, United Arab Emirates Dubai Islamic Bank Full time

Job Description:

We are seeking a skilled Open Finance Architect to join our team at Dubai Islamic Bank. The successful candidate will lead the implementation and management of open finance frameworks within the organization.

The ideal candidate will have a strong background in finance, with experience in designing and implementing open finance solutions that meet regulatory, operational, and strategic goals. They will be responsible for staying updated on regulatory requirements around open banking and finance, ensuring all initiatives are compliant with local and international regulations.

This role requires a high level of expertise in risk management, specifically related to data privacy, security, and financial transactions in open finance ecosystems. The successful candidate will also be responsible for cultivating and managing relationships with fintech companies, third-party providers, financial institutions, and regulatory bodies to leverage open finance opportunities.

As an Open Finance Architect, you will establish and enforce policies around data sharing and security, ensuring that financial data is handled responsibly and securely in compliance with industry standards. You will collaborate with internal teams to innovate and develop new financial products and services based on open finance models.

You will evaluate opportunities to integrate alternative data sources into financial products to improve customer experiences and expand financial inclusion. Additionally, you will prepare regular reports on the status of open finance initiatives, financial performance, and strategic goals for senior management.

Responsibilities:

  • Lead the implementation and management of open finance frameworks
  • Design and implement open finance solutions that meet regulatory, operational, and strategic goals
  • Stay updated on regulatory requirements around open banking and finance
  • Cultivate and manage relationships with fintech companies and regulatory bodies
  • Establish and enforce policies around data sharing and security
  • Collaborate with internal teams to innovate and develop new financial products and services
  • Evaluate opportunities to integrate alternative data sources into financial products


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