Business Development Manager📣 Job Ad

About the Business Development Manager Role

Teamware Solutions is seeking a results-oriented Business Development Manager to drive strategic growth initiatives within the Banking & Financial Services (BFSI) sector in Riyadh, Saudi Arabia. This senior management position is suited for an experienced enterprise sales professional with deep domain expertise in financial services. The role involves managing the full sales lifecycle, from identifying opportunities to closing deals and fostering long-term account growth. The successful candidate will be instrumental in expanding our business across banks, financial institutions, insurance companies, capital markets, treasury, and payments ecosystems within the Kingdom.

This is a full-time, senior management role offering a strategic leadership opportunity within a high-growth BFSI environment. You will have the chance to engage with leading financial institutions and contribute significantly to business expansion, with prospects for career progression.

Key Responsibilities

• Drive new business acquisition and revenue growth across BFSI clients in Saudi Arabia.
• Manage the complete sales cycle, including prospecting, stakeholder engagement, solution positioning, proposal development, negotiation, and deal closure.
• Build and maintain strong relationships with CXOs and senior banking stakeholders.
• Identify and pursue new business opportunities across the Banking & Financial Services, Capital Markets, Treasury & Payments, Insurance, and Consumer Banking & Financial Products segments.
• Collaborate with internal teams to develop winning proposals and go-to-market strategies.
• Track and analyze market trends, customer needs, and competitive positioning within the BFSI technology landscape.

Qualifications and Experience

• A minimum of 10 to 12 years of experience in enterprise sales or business development specifically within the BFSI sector.
• A strong background in product or solution sales to banks and financial institutions.
• Proven success in managing end-to-end complex sales cycles and closing significant deals.
• Deep domain expertise across Banking & Financial Services, Capital Markets, Treasury & Payments, Insurance & Financial Institutions, and Consumer Banking.
• A strong network within the Saudi BFSI ecosystem is highly preferred.
• Experience from leading IT services and consulting organizations, such as global consulting or digital transformation firms, is a preferred advantage.
• Exposure to or experience with banking platforms such as Temenos, FIS, Finastra, Oracle FLEXCUBE, Finacle, Mambu, or Backbase is considered a preferred advantage.

Required Skills

• Enterprise Sales
• Business Development
• Product/Solution Sales
• Sales Lifecycle Management
• Relationship Management
• Negotiation
• Market Trends Analysis
• Banking & Financial Services (BFSI) domain expertise
• Capital Markets knowledge
• Treasury & Payments expertise
• Insurance sector understanding
• Consumer Banking knowledge

Work Environment and Details

This role is based in Riyadh, Saudi Arabia, and is a full-time position. The role offers competitive compensation and exposure to enterprise-scale deals within the BFSI sector.