Job Overview

Executive Director – Open Banking Infrastructure & API Economy

Target Market: Kingdom of Saudi Arabia

Work Model: Fully Remote | Executive Leadership Track

Domain Focus: Open Banking, API Ecosystems, Financial Connectivity Infrastructure

A. Strategic Mandate (Executive Briefing Format)

The Kingdom of Saudi Arabia is undergoing a structural shift toward API-driven financial ecosystems, where interoperability, data liquidity, and platformization define competitive advantage. This role is positioned at the executive tier to design, govern, and scale a national-grade open banking infrastructure, enabling seamless interaction between banks, fintechs, and digital platforms.

The Executive Director will operate as a system-level architect and policy-aligned strategist, ensuring that open banking evolves beyond compliance into a commercial and innovation engine.

B. Core Accountability Pillars

1. Ecosystem Architecture Leadership

• Design API gateway ecosystems capable of handling high-volume financial data exchange.

• Establish developer platforms and sandbox environments for third-party innovation.

• Build consent management frameworks ensuring secure and transparent data sharing.

• Architect interoperability layers across banks, payment providers, and fintech applications.

2. API Productization & Monetization

• Develop API product strategies transforming financial services into revenue-generating assets.

• Define tiered API access models (premium, partner, public).

• Enable embedded finance use cases across e-commerce, mobility, and enterprise SaaS platforms.

3. Security, Identity & Data Governance

• Implement OAuth2.0, OpenID Connect, and FAPI-compliant authentication frameworks.

• Design zero-trust architectures for financial data exchange.

• Establish data governance models ensuring compliance with privacy and financial regulations.

4. Regulatory & Policy Integration

• Align infrastructure with Saudi open banking frameworks and global standards.

• Embed compliance automation mechanisms within API ecosystems.

• Collaborate with regulators to shape future open finance policies.

C. Technical Depth Requirements

• Expertise in API management platforms (Apigee, Kong, MuleSoft).

• Strong command of microservices architecture and distributed systems.

• Experience with event-driven systems and real-time data streaming.

• Familiarity with financial data standards (ISO 20022, PSD2 equivalents).

D. Leadership Expectations

• Lead multi-disciplinary teams across engineering, product, and compliance.

• Define long-term open banking strategy at ecosystem level.

• Act as a thought leader in financial connectivity and platform economics.

E. Compensation Structure

• Executive compensation aligned with Saudi fintech leadership benchmarks.

• Performance incentives tied to API adoption, ecosystem growth, and transaction volumes.

• Strategic influence over national-scale financial infrastructure evolution.

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