Vice President - Business Strategy & Innovation - Payment Solutions

Vice President - Business Strategy & Innovation

Our Client is a premier payment solutions provider empowering banks and merchant aggregators with a comprehensive array of technology-led cash and digital payment solutions.

Job Purpose :

Work closely with the Digital Business Unit and lead strategy formulation and implementation, pricing, revenue and cost management, reporting and problem solving for the vertical.

Key Responsibilities :

- Identify, create and analyse New Product Development ideas.

- Ensuring the concept is viable and has been determined to make business sense and have business value.

- Design and prototype the respective adaptive and incremental Innovation initiatives for the department and provide the necessary support to Innovation capability.

- Expand acceptance initiatives at new merchant segments by way of development and implementation of new product features and enhancement of existing features.

- Research, develop and implement strategic long-term plans for the business by examining relevant market trends, establishing strategic alliances and plan resources accordingly, including leading the engagement with targeted partners.

- Coordinate with internal stakeholders to develop the implementation plan and/or mandate to the participating issuers/acquirers to support the new Payment innovation initiatives;

- Deliver the business targets and maintain a good working relationship with stakeholders to ensure smooth adoption of new innovation solution at existing and new merchant segments;

- Coordinate with internal stakeholders to develop the implementation plans for the participating issuers and acquirers to support new innovation solution at targeted merchant segments;

- Grow acceptance in line with business targets and to actively explore opportunity to enhance the product feature to achieve competitive advantage amongst other competition;

- Develop strong product differentiation through market research and benchmarking, carry out competitor and SWOT analysis, create public awareness of new innovation solution including constructing appropriate pricing strategy and carry out research and market survey.

- Identify additional areas of potential growth and synergy to increase business sustainability.

- Build and enhance business relationship with the issuers, acquirers and technology partners to provide continuous business support to them by adhering to the agreed requirements in the service level agreements

- Assist in preparing business strategy papers and relevant reports to the Management Committee and Board.

Educational Qualification & Experience :

- Experience in Banking/Financial Service domain in strategy role or in a bank /consulting firm or consulting firm with experience in payments.

- CA/MBA Finance

- 8 - 10 years' experience.

- Excellent oral & written communication.

- Strong interpersonal and relationship management skills.

- Exhibit a strong sense of urgency and good self-management discipline.

- Ability to work in collaborative and fast-paced environment.