Executive Director- Payments- Cash Product Development

JOB PURPOSE:The purpose of this role is to drive development & commercialization of new Payment product propositions in a Digitally relevant scale with continuous focus on the Local and International markets. The candidate will be responsible for endtoend management of new age Payment proposition across different markets using technology as an enabler while being aware of initiatives elsewhere in the industry and is able to carve out the product strategy in order to gain sustainable market share and grow revenues.The individual is expected to conceptualize New Product Propositions including Blockchain virtual assets and work with relevant stakeholders/seniors and Digital Channels to plan and execute propositions in a customer centric manner.For each market the individual is responsible for developing business case for product rollouts deciding on the appropriate technology pricing and implementation strategies.In this role the individual will demonstrate leadership capabilities in understanding and managing client/market needs and coordinate with stakeholders to adhere to product enhancement release schedules.Besides delivering a strategically consistent payment proposition to support the Cash Management budget through a combination of interest and fee income the individual is required to demonstrate thought leadership by constantly evaluating market practices and changing regulatory guidelines so that propositions can be reengineered to bring in changes to the existing landscape of propositions available within local and global markets.The individual will engage extensively with regulators and bring in propositions that will ensure FAB has the first mover advantages for specific payments products.Candidate will actively act as SME for payments in Electronic Channels roll outs and own and drive solutions like BankingasaService (Baas) & participate in driving the NPSS agenda of Central Bank in UAE.ACCOUNTABILITIES:To support the Payments Product Management Product Development Innovation and delivery channels within the landscape specifically covering the followingVirtual Account Proposition (PoBoTo work on the commercializing existing solution and to enhance the solution to include all the client touch points/channelsUAEFTSImmediate Payment Instruction(IPI)BankingasaService(BaaS)Instant Payments Platform(IPP)Remote Cheque PrintingDigitization drive in moving all clients to electronic channelsDigital Payments including Ratibi and various government solutionsEmoney and wallet providers propositionBUNA/AFAQOpen BankingAPI BankingRemote Cheque PrintingCentra Bank Digital Currencies(CBDC)Cards based solution by closely working with MagnatiUAE Payments Gateway Solution(UAEPGS)Blockchain/Virtual Assets/Stable Coins based relevant review and finalize use cases for FAB to adoptElectronic Banking channels/platformsDrive the ongoing uptake of UAE Payment Gateway Solutions (UAEPGS) for large corporates and automate the bill payment process by working closely with CBUAE and various utility providersParticipate and contribute actively to the payments proposition related enhancements as part of National Payment Systems Strategy (NPSS)Work with regulators industry forums for proactive identification of new solution along Digital Wallets digital payments to address Client requirements.Engage with Digital team for endtoend development & product functioning and ensure that the client touch points and channels related to payments are managed. Work with Channels/IT/Operations to ensure that all payment products are reviewed regularly to ensure the complete functioning and is fit for purposeDrive regional RFPs to ensure that all payment related proposition is joined up and seamless from client perspective for all international locations.Work towards supporting continuous improvements in the financial operational and service performance of the Payments products and increase in market share visvis competition by working around banks risk and audit principles.Reengineer and synchronize processing principles/cutoff timings/currencies across various units within the bank i.e. Channels/Operations/IT/RiskEvaluate and recommend new ideas and solutions and deliver bottom line benefit as a result of understanding product opportunities. These can be on the areas of New proposition Technology Regulation Industry and Market.Develop the products/proposition covering aspects of Pricing appropriate positioning in the market and customer segments and ongoing efficient management of products.Responsible for the stateoftheart digital Collaterals website content go to market strategy and communication strategy of the product launches and commercializationResponsible for managing external vendors to support and enhance the Payments product from time to time. This will involve agreeing and monitoring service levels and ensuring endtoend client delightDrive product launches through planning and managing the same in close coordination with internal and