Business Cards Leader - Al Futtaim Finance

Job description / Role

Business Cards Leader (UAE) - Al Futtaim Finance

Position will report into the GM – Consumer Finance and work closely with Al Futtaim Finance Management team.The ideal candidate will be resposible to:
- Managing and Driving the Card Portfolio Performance, which includes –
- Achieving and exceeding the profit targets
- Achieving card acquisition targets
- Driving spend on the cards
- Managing attrition
- Develop products and propositions to enhance customer acquisition and customer spend, and achieve sustainable profitable growth
- Strategic management of key 3rd party relationships (i.e. Issuing Bank and Payment Scheme Partners)
- Managing relationships with key external stakeholders including local regulators, suppliers and local industry bodies.
- Identifying and establishing external 3rd party relationships to drive spend and to enhance the overall card offering for the customers
- Developing and enhancing the overall card offering in the UAE market (i.e. launching new card programs)
- Growing, developing and managing the Cards Leadership Team
- Ensuring that the Governance, Compliance, Risk and Control are implemented and adhered to meet Group Standards /UAE CB. Including the introduction of any new regulatory or Group requirements are implemented and reviewed throughout unit in a timely fashion.

Requirements

- The candidate should possess several years' in depth experience within similar roles; preferably 2-5 years in a leadership role in cards /consumer finance with experience of product, sales & marketing.
- Excellent relationship management skills with ability to influence at Senior Management level
- A proven successful record of accomplishment of management experience at Middle and senior Level.
- Successful management of resources such as budgets, people and premises in an operational area.
- Management experience in a multi-cultural environment
- Deep domain understanding of payment systems, issuing, acquiring, and loyalty is expected.
- Strong Negotiation Skills
- Track record in introducing innovation into the business
- Understanding of local regulations related to Consumer Banking including Visa and MasterCard regulations & UAE CB regulations.
- Good working knowledge of IT and card industry related systems and applications

About the Company

Established in the 1930's, the Al-Futtaim Group initially operated as a trading enterprise. Rapid development throughout the 1940's and 50's saw it establish itself regionally as an integrated commercial, industrial and services organisation, positioning itself one of the leading business houses in the lower Gulf region. Today, it operates collectively over 40 companies bearing the Al-Futtaim name, dominates many market segments in the UAE, and has expanded its sphere of operation to include Bahrain, Kuwait, Qatar, Oman and Egypt.

The Group comprises a diverse range of strategically positioned operating subsidiaries and associate companies, structured to give the Al-Futtaim Group the flexibility and versatility to keep ahead of local competition while keeping pace with the ever-evolving global business scenario. The Groups continued investment in world-class systems technology is clear evidence of its commitment to maintain leading edge performance and service delivery.

The success of the Al-Futtaim Group can be attributed to a business approach that combines the ability to change with the traditional values of integrity, service and social responsibility that define its core business philosophy. This, linked with the Groups belief in decentralisation, gives the heads of the operating companies a high degree of functional autonomy and authority, providing the Group with essential flexibility, and individual employees a clearly defined work culture and sense of responsibility.