Posted
Ref: HP905-784
Job description / Role
Job Purpose:
As the Head of Core Banking Technology Transformation, you will lead the strategic initiative to overhaul and modernize our core banking systems and technology infrastructure. This role requires a seasoned professional with a strong background in banking technology, project management, and leadership. You will be responsible for shaping the vision, strategy, and execution of core banking technology transformation, ensuring it aligns with the organization's business objectives.
Principal Accountabilities:
Strategic Planning:
Develop and drive the strategic roadmap for core banking technology transformation, aligning it with the overall business strategy.
Define clear objectives, milestones, and key performance indicators (KPIs) for the transformation initiative.
Team Leadership:
Build and lead a high-performing team of technology professionals, including project managers, architects, engineers, and analysts.
Foster a culture of collaboration, innovation, and continuous improvement within the team.
Project Management:
Oversee multiple transformation projects, ensuring they are delivered on time, within budget, and in line with quality standards.
Implement effective project management methodologies and tools.
Vendor and Partner Management:
Collaborate with external vendors, technology partners, and consultants to leverage their expertise and solutions for core banking transformation.
Negotiate contracts, manage relationships, and ensure deliverables meet expectations.
Technology Assessment and Selection:
Evaluate the suitability of existing core banking systems and technology stacks.
Lead the process of selecting and implementing modern core banking solutions or upgrades.
Regulatory Compliance:
Ensure that all technology transformations adhere to regulatory requirements and compliance standards within the banking industry.
Liaise with regulatory bodies and auditors as necessary.
Risk Management:
Identify potential risks associated with technology transformations and develop mitigation strategies.
Implement robust cybersecurity measures to protect sensitive customer data.
Change Management:
Develop and execute comprehensive change management plans to minimize disruptions and ensure smooth transitions for both employees and customers.
Provide training and support to staff affected by technology changes.
Budget Management:
Develop and manage budgets for core banking technology transformation projects.
Monitor expenses and allocate resources effectively.
Communication and Reporting:
Maintain transparent and effective communication channels with executive leadership and stakeholders.
Provide regular updates on project progress, challenges, and outcomes
Requirements
Requirements
Education and Experience:
Bachelor's degree in Information Technology, Computer Science, Business Administration, or a related field (Master's degree preferred).
Extensive experience in technology leadership roles within the banking or financial services industry.
Proven track record of successfully managing complex technology transformation projects.
Deep understanding of core banking systems, regulatory compliance, and industry best practices.
Strong leadership, team-building, and people management skills.
Excellent strategic thinking, problem-solving, and decision-making abilities.
About the Company
In 1969, when we at Commercial Bank of Dubai started out little did we know that sheer grit and determination would get us where we are today. An Emiri Decree issued by His Highness the Late Sheikh Rashid Bin Saeed Al Maktoum, the founder of modern Dubai, laid the cornerstone of Commercial Bank of Dubai. We started out as a joint venture of Commerzbank, Chase Manhattan Bank and Commercial Bank of Kuwait. A minority stake was held by a few UAE businessmen.
By 1982, little more than a decade later, we evolved into a National Public Shareholding company. A feat complimented by an exponential increase in the capital base and mammoth restructuring of our operations. The feather in the cap came when the Government of Dubai became a key shareholder.
Over the decades, we have transformed ourselves into a progressive and modern banking institution. We are supported by a sturdy financial base and reigned by a strong and stable management. The proof of which lies with our customers who have stood by us over the years.