Nium

Director - Business Development

Saudi Arabia

Not SpecifiedCompensation
Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Fintech, Payments, Financial ServicesIndustries

About Nium

Nium, Global Leader in Payments Nium, the global leader in real-time, cross-border payments, was founded on the mission to deliver the global payments infrastructure of tomorrow, today. With the onset of the global economy, its payments infrastructure is shaping how banks, fintechs, and businesses everywhere collect, convert, and disburse funds instantly across borders.

Its payout network supports 100 currencies and spans 220+ markets, 100 of which in real-time. Funds can be disbursed to accounts, wallets, and cards and collected locally in 35 markets. Nium's growing card issuance business is already available in 34 countries. Nium holds regulatory licenses and authorizations in more than 40 countries, enabling seamless onboarding, rapid integration, and compliance – independent of geography. The company is co-headquartered in San Francisco and Singapore.

About the Role

Your primary responsibilities will be to acquire new clients with the Kingdom of Saudi Arabia and generate incremental revenues for the company. You will be spending a good amount of your energy understanding new clients, acquiring new clients, regularly analyzing the key clients’ business, operations and performance, and work with the management team and peers in other functional areas to leverage best practices and provide consistent high competent sales skills.

Key Responsibilities

  • Demonstrate an entrepreneurial mindset and the highest degree of effectiveness across Nium’s market leading propositions, such as banking.
  • Identify, secure, and manage relationships with banking clients across KSA and the Middle East, effectively negotiating and persuading potential banking clients the value that Nium can add to their business.
  • Have a constant drive to go beyond past performance and visibly demonstrate track record beating performance when it comes achieving financial targets, and ability to generate sales leads, effectively negotiate, and close transactions.
  • Generate revenue from clients, and achieve pre-agreed targets on customer flows, revenues, and profitability.
  • Demonstrate business development and consultative selling skills with results-orientation to meet/exceed assigned financial and customer satisfaction goals.
  • Pro-actively hunt for opportunities in the marketplace through direct contact as well as partners. The job will involve building relationships with key players in banks to generate qualified opportunities, mapping the account, influencing key decision-makers, convincing the client about the value proposition and closing the deal.

Requirements

  • 10+ year’s sales experience (from sourcing to go-live) in selling payment solutions to other regulated Financial Institutions.
  • Strong track record of outperforming commercial targets in past sales roles.
  • Ability to independently source deals in regional banks to create a healthy sales pipeline.
  • Commercially focused and pragmatic, able to identify opportunities and propose solutions.
  • Ability to understand and tailor approach to individual customers with empathy, effectively playing the role of problem-solver for the customer.
  • Data driven and analytical mindset.
  • Results-oriented, client focused and obsessed with simultaneously delivering value.
  • Self-motivated, adept in working individually and as part of a global team.
  • Proficiency in Arabic is essential.
  • KSA nationals preferred.

What we offer at Nium

  • We Value Performance: Through competitive salaries, performance bonuses, sales commissions, equity for specific roles and recognition programs, we ensure that all our employees are well rewarded and incentivized for their hard work.
  • We Care: The wellness of Nium’ers is our #1 priority. We offer medical coverage along with 24/7 employee assistance program, generous vacation programs including our year-end shut down. We also provide a flexible hybrid working environment (3 days per week in the office).
  • We Upskill Ourselves: We are curious, and

Skills

Business Development
Sales
Client Acquisition
Relationship Management
Negotiation
Cross-border Payments
Financial Targets
Sales Leads
Closing Deals

Nium

Global platform for real-time payments

About Nium

Nium provides real-time payment solutions that enable businesses to send and receive funds instantly, manage foreign exchange transactions, and prevent fraud. Its platform, powered by a proprietary API, allows banks, fintech companies, and money service businesses to integrate services for efficient cross-border money movement. Nium stands out by offering competitive foreign exchange rates and solutions for corporate purchasing and travel payments. The company's goal is to streamline financial transactions for businesses globally while charging fees for its services.

San Francisco, CaliforniaHeadquarters
2016Year Founded
$305.4MTotal Funding
SERIES_ECompany Stage
Fintech, Financial ServicesIndustries
1,001-5,000Employees

Benefits

Health Insurance
Hybrid Work Options
Paid Vacation
Performance Bonus
Stock Options
Professional Development Budget
Mental Health Support

Risks

Increased competition from Loop and EQ Bank's multi-currency Global Visa Card.
Regulatory challenges in diverse African markets could impact partnership with Ecobank.
Technological integration issues may arise with Partior's blockchain-based payment system.

Differentiation

Nium offers real-time cross-border payments, enhancing speed and efficiency for businesses.
The company provides a proprietary API for seamless integration into existing business systems.
Nium's platform supports multiple payment schemes, including Visa, Mastercard, and Diners Club.

Upsides

Partnership with Ecobank expands Nium's reach to 35 African markets, boosting market presence.
Collaboration with Partior enhances transaction transparency and speed via blockchain technology.
Launch of Diners Club International Card increases flexibility for travel industry customers.

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