KSA Commercial Director, Careem Pay Job Vacancy in Careem Riyadh – Updated today

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Full Details :
Company Name :
Careem
Location : Riyadh
Position :

Job Description : About the team

Careem Pay is both a critical enabler of Careem’s Super App vision and a business with massive potential outside the existing Careem ecosystem. Careem Pay’s purpose is to empower people to lead better lives by simplifying their payment experiences and access to financial services. Its vision is to become the leading digital financial services platform of the region serving consumers, partners and merchants. As an early-stage start-up within Careem, it is looking to build a team of energised, start- up-minded and ambitious colleagues who are super excited about the fintech opportunity in the region.

KSA is a critical market for Careem Pay and potentially the largest fintech market in the region.

What you’ll do

As Partnerships and Commercial director, you will be responsible for

Spearheading the local regulatory & private sector partnerships – championing Careem Pay strategy factored into Saudi market early stage licensing.
Identifying and implementing required partnerships across the regulatory, financial services, financial infrastructure, and fintech ecosystems.
Developing in-depth knowledge of the KSA fintech and financial services ecosystem to drive Careem Pay strategy in the market.
Driving the Carem Pay Saudi Market fit, go to market plan and lead the commercial growth of the business in KSA.
Own the KSA P&L and set/achieve ambitious targets, including growth and profitability.
Own the growth strategy for the market and lead its implementation
Execute opportunity sizing, profitability assessments, monetization models and other analyses for new and existing Pay businesses in KSA
Develop and implement go-to-market and launch plans for new business / feature / product launches in KSA
Build and lead a fast-moving, bold, and highly hands-on, operational team

Partnerships

Identify regulatory, commercial, operational and tech partners required to grow the KSA business.
Lead partnership discussions with potential partners and drive these to ensure momentum
Work with central Careem Pay teams to develop and negotiate commercial, operational and tech terms and SLAs
Manage end-to-end KSA partnership execution, including RFP issuance, negotiation, legal signing and post-signing implementation across multiple functions e.g., tech, legal, compliance, operations / customer support, marketing, etc.

Market strategy & connectivity: serve as Careem Pay’s eyes and ears on the ground in KSA

Build relationships across the regulatory, financial services, financial infrastructure, and fintech ecosystems in KSA
Conduct market/industry studies, interviews, voice of customer research, benchmarking / baselining exercises and other methods of primary and secondary market assessment
Continuously monitor and analyse competitor business models and product portfolios and market trends
Identify new/emerging use cases that Careem Pay should consider in KSA and develop the business case and commercial strategy for them
Synthesize the above into recommendations for KSA strategy

What you’ll need

Masters (Msc) or MBA from a leading business school
Experience in a leadership role at a dynamic organization, ideally in the tech space
Ability to drive towards very aggressive targets; strong commercial sense, sharp problem solver and ability to get things done
Strong business development and relationship building skills
Track record for driving partnerships and demonstrated deal-making capability (partnerships / investments)
Must have good written and spoken Arabic skills
Knowledge of fintech business models, infrastructure, value chain, players and industry trends in KSA
Experience working/living in the GCC

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