RAKBANK
AVP, Remittance and Payments Product
- Permanent
- Dubai, United Arab Emirates
- Experience 5 - 10 yrs
- Urgent
Job expiry date: 28/11/2026
Job overview
Date posted
14/10/2026
Location
Dubai, United Arab Emirates
Salary
Undisclosed
Compensation
Comprehensive package
Experience
5 - 10 yrs
Seniority
Senior & Lead
Qualification
Bachelors degree
Expiration date
28/11/2026
Job description
NPSS, Aani, account-to-account transfers, bill payments and WPS 2.0 make up the domestic side of this AVP, Remittance Product role at the DSO office in Dubai, which runs on a hybrid basis. Cross-border, the focus is on growing and monetising Western Union and other correspondent corridors, and finding new markets with remittance potential. Reach, pricing, speed and customer experience all need improving, and blockchain and digital asset-enabled solutions are on the agenda too. Partnerships with payment providers, fintechs, correspondent banks and vendors are managed day to day, with commercial agreements and SLAs negotiated and monitored. Payment capabilities such as BIN, RMT and AAS also sit with you, along with business cases for new products and market expansion. Governance carries weight, from remediation plans and controls to audit readiness and operational resilience. Risk, Compliance, Technology, Operations and Customer Fulfilment are close partners in turning priorities into delivery. Expect to bring 8 to 10 years in payments, remittances, transaction banking, fintech or digital banking, a STEM degree and a postgraduate qualification in a related field.
Required skills
Key responsibilities
- Support the implementation of the Bank's domestic and international payments strategy
- Identify new payment corridors, propositions and revenue opportunities
- Drive payment volumes, market penetration and customer adoption
- Refine payment propositions and business models using market intelligence and performance data
- Contribute to annual revenue targets, business goals and KPIs
- Enhance domestic payment solutions across NPSS, Aani, account-to-account transfers, bill payments and WPS 2.0
- Monitor performance, operational resilience, customer experience and compliance across payment rails
- Improve straight-through processing, service reliability and adoption
- Coordinate product, operational and technology enhancements across the domestic payments portfolio
- Grow and monetise Western Union and other correspondent payment corridors
- Develop secure, scalable and commercially viable cross-border payment solutions
- Explore emerging payment technologies, including blockchain and digital asset-enabled solutions
- Manage strategic relationships with payment providers, fintechs, correspondent banks and vendors
- Oversee the day-to-day operation and long-term direction of key payment partnerships
- Negotiate commercial agreements and service-level commitments
- Track partner performance against commercial, operational and customer objectives
- Expand existing partnerships into additional products and services
- Build payment capabilities including BIN, RMT and AAS
- Prepare business cases for new products, partnerships and market expansion
- Recommend product enhancements or corrective actions based on performance
- Run remediation plans with effective governance and oversight
- Ensure payment products and partnerships comply with regulation and internal policy
- Maintain strong controls across payment operations and partnerships
Experience & skills
- Hold a bachelor's degree in a STEM-related discipline
- Possess a postgraduate qualification in Business, Finance, Technology, Payments or a related field
- Bring 8 to 10 years of experience in Payments, Remittances, Transaction Banking, FinTech, Digital Banking or Financial Services
- Show proven experience managing domestic or cross-border payment products and partnerships
- Prove a track record of developing commercial propositions and delivering revenue growth
- Offer experience working with payment providers, fintechs, correspondent banks or technology partners
- Understand domestic payments, cross-border payments, remittance corridors and emerging payment rails
- Know Aani, NPSS, account-to-account payments, bill payments, WPS and correspondent payment models
- Add exposure to blockchain, digital assets, APIs or real-time payment technologies (an advantage)
- Apply knowledge of payments regulation, compliance oversight, operational controls and risk management