Volvo Group Director of Business Innovation in Greensboro, North Carolina
The Director of Business Innovation will be a key leader in the VFS Innovation Lab driving the global innovation agenda at VFS.
Main responsibility is to identify opportunities for service innovation or operations optimization made possible by emerging technologies. A particular focus will be on disruptive technologies and exploring new business models that are needed for product-focused, process-driven and service-led innovations.
The incumbent plays a key role in establishing the function for new Fintech partnerships, contributing to the design of the innovation roadmap and structuring the development process for venture investment opportunities. The role requires an agile and networked based leadership style, open mindset and passion to deliver innovative value for our customers.
The position reports to the VP Strategy and Head of Innovation.
A well-articulated innovation roadmap that focuses fintech partnership development
Fintech engagement strategy that maximizes available VFS resources
Venture funding plan including VFS and 3rd party funds
Defining and developing Fintech engagement capabilities in VFS
Well defined development and approval process for new strategic partnerships to be implemented on a global basis
Support evolution of VFS 2.0 by helping to identify pain points and gaps in existing services and delivery methods and opportunities to redefine business models
Provide ongoing market intelligence on the fintech landscape
Provide leadership to start-up engagement through innovation accelerator activities and internal development
Further develop the innovation ecosystem in key VFS markets drawing from collaborators, venture capital, incubators, accelerators, universities and other organizations
Lead start-up scouting, evaluation, mentorship and strategic partnership structuring
Identify opportunities for venture investments and negotiate terms with potential partners (deal flow management)
Work with the VFS Digital Innovation team to develop strategies to accelerate existing innovation activities or identify new opportunities
Support Volvo Group Venture Capital to help to scale and further commercialize venture investments
Develop plan to commercialize and scale services incubated by VFS internal development or through partners
Coordinate 3rd party investment as required for scaling services and prototypes
Support the Innovation team to establish a culture that brings together smart, talented, people from diverse backgrounds that enjoy a collaborative and innovative environment that supports flexible and agile working
Be a member of the ThinkOpen Board (VFS Innovation Board). As a member of the ThinkOpen Board, you will be responsible for presenting innovation concepts and investment proposals and be responsible to review proposals generated from global VFS innovation activity
EDUCATION & PROFESSIONAL EXPERIENCE
MBA or graduate degree in Finance/Business Administration or related field preferred
Have a solid understanding of the FinTech sector with relationships to incubators, accelerators, academia, service suppliers, professional services firms, start-ups, venture capitalists, regulators and government institutions within the industry
+10 years of experience in venture investments.
+5 years of recent experience with financial technology investing.
Proven track record in a similar capacity, developing strategies to scale venture investments in financial services and/or commercial banking
Demonstrated planning, change management, consulting and communication skills, analytical ability, negotiation and management skills
Broad knowledge and perspective on current applications of new innovations in financial services, aware of how strategies might impact the marketplace
Strong project management skills
Innovative problem solving and strong analytical and quantitative abilities
Solid financial acumen and ability to generate and interpret financial modeling
Consistent top performer; demonstrated leadership capabilities
Strong presentation and communication skills with experience in various business settings
Ability to organize and structure new concepts into business plans
Experience working in or with an international and multicultural environment
Excellent spoken and written English, other languages would be an advantage
COMPETENCIES & SKILLS
Strong analytical and problem-solving skills with the ability to draw conclusions from large amounts of information
High level of strategic thinking and strategy development skills with ability to think broad and deep, i.e., to see the big picture as well as have a strong grasp on data and details
Proven team player with the demonstrated ability to influence and involve others
Excellent written and verbal communication (e.g., the ability to craft a clear and succinct message to all levels of an organization
Highly target-driven, self-motivated and willing to take responsibility
Having a customer oriented mind-set, following the latest trends and evolutions of digital capabilities
Proven organizational development and design capabilities
Excellent PowerPoint skills and high proficiency in Excel. Keen attention to detail and desire to take ownership of content in deliverables to senior management
Strong project management, balancing multiple high priority projects simultaneously
Strong leadership competencies on leading leader level
Based in Greensboro, NC. International travel required
The Volvo Group is one of the world’s leading manufacturers of trucks, buses, construction equipment and marine and industrial engines under the leading brands Volvo, Renault Trucks, Mack, UD Trucks, Eicher, SDLG, Terex Trucks, Prevost, Nova Bus, UD Bus, Sunwin Bus and Volvo Penta.
With Volvo Financial Services you will be part of a global and diverse team of highly skilled professionals to provide expert financial services and solutions to customers and dealers in support of the Volvo Group’s sales. We work with passion, we trust each other and we embrace change to stay ahead. We make our customers win.
Auto req ID
Volvo Financial Services
Travel Required (Maximum)
Last application date
Strategy & Brand
Volvo Group North America is an Equal Opportunity Employer E.O.E/M/F/Disability/Veteran