We construct a quantum Markovian master equation for a driven system coupled to a thermal bath. The derivation utilizes an explicit solution of the propagator of the driven system. This enables the validity of the master equation to be extended beyond the adiabatic limit. The nonadiabatic master equation (NAME) is derived employing the weak system-bath coupling limit. The NAME is valid when a separation of timescales exists between the bath dynamics and the external driving. In contrast to the adiabatic master equation, the NAME leads to coupled equations of motion for the population and coherence. We employ the NAME to solve the example of an open driven time-dependent harmonic oscillator. For the harmonic oscillator the NAME predicts the emergence of coherence associated with the dissipation term. As a result of the nonadiabatic driving the thermalization rate is suppressed. The solution is compared with both numerical calculations and the adiabatic master equation.