About the job
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 personal 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 (2022) 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
Assist Head of Product in the review and development of existing and new Islamic Banking Assets products
Take a lead within the Islamic product team to develop and implement product strategies, roadmaps, and pricing models that drive growth and profitability
Manage the end-to-end product management lifecycle, from ideation to launch, ensuring all products align with Islamic banking principles
Prepare effective business documentation and other relevant drafts required for product launch, campaign, variant etc
Lead the annual budgeting exercise for product development initiatives, working closely with finance and executive teams to allocate business number effectively
Conduct thorough market research and analysis to identify customer needs and competitive opportunities and stay abreast of industry regulations and market dynamics, proactively adapting product strategies to address emerging trends and changes in customer preferences.
Work closely with cross-functional teams, including technology, marketing, and sales, to ensure seamless product integration and go-to-market strategies
Engage segments, branches, acquisition channels, marketing and decision management to drive portfolio growth in terms of number of accounts, balances
Comply with RAKBANK internal policies, Sharia and Central Bank requirements at all times.
Collaborate with internal stakeholders to provide training and support materials on Islamic banking products, ensuring a deep understanding across the organization
What You Should Have
In-depth knowledge of Islamic finance principles and their application in banking products
Strong analytical skills
Excellent verbal/written communication and interpersonal skills
Strong campaign management skills
What We Are Looking For
Bachelor's degree in Banking and Finance
Minimum 6-10 years of banking experience in a product/portfolio management role preferably Islamic Banking asset products
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
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
Seniority Level: Managerial-Level
Job Functions: Project Management
Industries : Information Technology
