Senior Manager/Manager – Banking & Financial Institution Partnerships

Senior Manager/ Manager – Banking & Financial Institution Partnerships Location: Riyadh, Saudi Arabia About PayerMax PayerMax is a leading global fintech company rooted in emerging markets. It is committed to delivering professional, omni-method global payment solutions — including global acquiring, payout, and collections — providing merchants with a safer, more convenient one-stop payment experience. Leveraging years of experience in emerging markets, PayerMax continues to expand its global footprint, breaking down geographical and currency barriers, and maximizing growth beyond borders. Role Overview We are seeking a Sr. Manager/ Manager - Banking & Financial Institutions Partnerships to spearhead the company's strategic banking, FI, and payment infrastructure partnerships across the MENA region, with additional support for global initiatives as required. This role will be accountable for developing and managing high-value relationships with banks, financial institutions, payment service providers (PSPs), and fintech partners. You will architect scalable banking and payment infrastructure, identify transformational partnership opportunities, and execute end-to-end deal cycles—from commercial structuring and negotiation through technical integration and go-live. The ideal candidate brings deep expertise in transaction banking, established institutional networks, a growth-oriented business development approach, robust risk management acumen, and exceptional cross-functional leadership capabilities. Key Responsibilities Strategic Partnerships & Business Development • Design and execute the banking and FI partnership strategy across MENA region • Establish and nurture C-level relationships with banks, financial institutions, PSPs, fintechs, and other strategic ecosystem players • Own the full partnership lifecycle: sourcing, evaluation, commercial negotiation, due diligence, onboarding, technical integration, and ongoing performance management Banking & Payment Infrastructure • Architect and optimize scalable banking infrastructure for collections, payouts, settlements, FX, and cross-border payment flows • Demonstrate expert-level proficiency in SWIFT messaging, domestic and international payment rails, banking APIs, and modern financial infrastructure • Apply deep operational knowledge of corporate accounts, client money accounts (CMA), FBO (For Benefit Of) structures, virtual accounts, virtual IBANs, pooled/omnibus account models, and correspondent banking frameworks Cross-Functional Execution • Collaborate closely with Product, Engineering, Legal, Compliance/AML, Risk, Treasury, and Operations teams to deliver partnerships and products on time and within scope • Drive internal alignment across stakeholders with competing priorities and operate with influence in a dynamic environment Channel Strategy & Risk Management • Develop sophisticated channel management and volume allocation frameworks, optimizing transaction routing based on cost, capacity, regulatory risk, geography, and operational performance • Conduct thorough counterparty and channel risk assessments; design and implement mitigation strategies • Provide senior leadership with actionable market intelligence, competitive insights, and channel related risk reporting Market Intelligence & Innovation • Monitor emerging trends across payments, banking-as-a-service (BaaS), embedded finance, FX, fintech innovation, stablecoins, and Web3 infrastructure • Identify whitespace opportunities for new product offerings, geographic corridors, and strategic alliances • Support the development and deployment of stablecoin and digital asset payment infrastructure, including fiat on/off-ramp solutions and blockchain-based settlement mechanisms Candidate Profile Experience & Background • 5-10 years of progressive experience in tier-1 banks or leading fintech platforms, with a focus on transaction banking, financial institutions coverage, correspondent banking, strategic partnerships, or payments • Proven track record of originating, structuring, and closing complex banking/FI partnerships that delivered measurable business impact • Deep domain expertise in AML/KYC frameworks, foreign exchange operations, cross border payments infrastructure, and modern banking technology stacks Technical & Domain Knowledge • Strong working knowledge of payment APIs, SWIFT standards, ISO 20022, and real-time payment systems • Solid understanding of virtual account architecture, multi-currency settlement flows, and liquidity management • Familiarity with stablecoins, blockchain rails, and digital asset infrastructure is highly advantageous Network & Relationships • Established, senior-level banking network in the MENA region • Demonstrated ability to open doors and build trust with C-suite executives and decision makers at financial institutions Skills & Competencies • Exceptional stakeholder management, negotiation, and executive communication skills • Strategic thinker with strong commercial judgment and a bias toward execution • Ability to drive outcomes across cross-functional teams without formal authority • Fluent in Arabic and English (written and verbal) is required; proficiency in Mandarin is a distinct advantage