Head of Innovation

Website Rak Bank

Job Description:

Responsible for being the face of innovation for RAKBANK and managing the day to day interaction with partners, fintechs and regulators. Responsible identifying, selecting, incubating and realizing commercial value from technology led innovation for RAKBANK’s Personal, Business and Wholesale banking divisions.

Job Responsibilities:

  • Ability to foster a culture of innovation within the bank and coordinate engagement with external innovation partners/forums.
  • Experience in setting up the innovation framework and pipeline such that internal sponsors and stakeholders are aligned and subsequently manage the full lifecycle of innovation to launch for the agreed opportunities.
  • Responsible for growing revenues by assessing new segments/value pools through BIN sponsorship.
  • Experience in acting as an individual subject matter expert, who will develop business cases to secure funding.
  • Responsible for increasing distribution of our products through embedded finance and banking-as-a-service offerings.

Job Requirements:

  • Strong communication and presentation skills are required.
  • Must have the ability to manage innovation lifecycle from ideation to market launch and scaling.
  • Minimum 8 years’ of experience in innovation and early stage/venture development.
  • Must have a deep understanding of the market and new market trends.

Job Details:


Company: Rak Bank

Vacancy Type: Full Time

Job Location: Dubai, United Arab Emirates

Application Deadline: N/A

To apply for this job please visit www.linkedin.com.


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