State Bank of Pakistan (SBP), the Central Bank, is looking for talented and energetic candidates for the following contractual positions in the Payment Systems Policy & Oversight Department, based at Karachi.

Payments Oversight Specialist

Key responsibilities of the incumbent will include, but not limited to, the following: Monitor compliance by the industry of rules, regulations, guidelines issued by PSP&OD, which involves overseeing all SBP regulated payment systems in Pakistan, through analyzing the risks within the Commercial banks, MFBs, PSOs/PSPs, EMIs, as well as non-regulated entities performing activities in relation to payment systems which includes merchant aggregators, NBFCs, third party technology service providers, ATM manufacturers, telecommunication agencies etc. Conduct thorough assessments of existing payment systems, including but not limited to Critical Financial Market Infrastructures, card networks, digital wallets, and other electronic payment channels. Evaluate the functionality and reliability of payment systems to identify vulnerabilities and areas for improvement. Identify and assess risks associated with payment systems, such as fraud, operational, and cybersecurity risks and develop risk mitigation strategies and contingency plans in collaboration with relevant teams. Develop draft policy notes and submit proposals for the approval of management on new aspects of payment systems. Establish monitoring mechanisms to track the performance and security of payment systems in real-time including conventional and alternate delivery channels (ADCs). Assist the policy division in the development of payment system-related policies and guidelines and keep these policies up-to-date in response to evolving industry trends and regulatory changes. Prepare regular reports for senior management and other stakeholders, highlighting key findings and recommended actions. Prepare presentations, briefs and meeting record notes for various meetings. Perform any other task as assigned by superiors.

 Eligibility Criteria:

Education:	Master’s or Bachelor’s degree (with a minimum of 16 years of education) in Engineering (Computer, Software, Systems, Telecommunication or similar discipline), Computer Science, Mathematics, Statistics, Economics, Finance, or Business Administration from an HEC recognized university or a reputable foreign university. Candidates with Compliance related Certifications in Banking, IT etc. shall be preferred.
Age:	Maximum 30 years, as on last date of application submission.
Experience:	Minimum 3 years of post-qualification experience in relevant field. Candidates with Compliance related Certifications in Banking, IT etc. would be preferred.

 Link to Apply:

https://career.sbp.org.pk/verification?pid=124

Payments Policy Research Analyst

Key responsibilities of the incumbent will include, but not limited to, the following: Responsible to assist in formulating policy/regulations/guidelines in the area of emerging domains of payment systems in order to meet requirements of the industry while also analyze its impact on overall financial stability. Ability to identify technical and policy implications of proposed policy frameworks to financial sector based on technological innovations, while understanding the roles of policy makers, key industry players and other stakeholders. Responsible to coordinate with internal and external stakeholders for feedback/comments regarding proposed policies and in the emerging areas of payment systems. Responsible to conduct annual effectiveness review based on learnings and experiences to identify policy improvement areas and suggest necessary actions. Prepare presentations, briefs and meeting record notes. Perform any other task assigned by seniors.

 Eligibility Criteria:

Education:	Bachelors or Masters degree (16 years of education) in Computer science, Business Administration or similar relevant fields from an HEC recognized domestic or reputable foreign university. Candidates who have attended courses related to payment systems would be preferred.
Age:	Maximum 30 years, as on the last date of application submission.
Experience:	Minimum 3 years of post-qualification experience in relevant field. Candidates who have attended courses related to payment systems would be preferred.

 Link to Apply:

https://career.sbp.org.pk/verification?pid=125

 Compensation:

Competitive compensation package, as per State Bank rules.

 Application Procedure:

Interested candidates meeting the above-stated eligibility criteria may submit their applications online on https://www.sbp.org.pk/careers/status.asp.

The system generated application form may also be shared through surface mail addressed to Assistant Director, Resource Management, HRD, State Bank of Pakistan, 10th Floor, SBP Main Building, I.I. Chundrigar Road, Karachi with the applied position written on top right of the envelope. Last date of application submission is October 2, 2023.

Applications, which are not in accordance with defined requirements in the advertisement, will not be entertained. Only shortlisted candidates will be contacted.

We are an Equal Opportunity Employer. Females, candidates from minorities, transgender persons and persons with disability are encouraged to apply.

Any candidate who misinforms or fails to provide the required information or documents, does not meet the specified criteria as per advertisement, attempts to influence the recruitment process in any manner, tries to obtain support for his/her candidature by inappropriate means or tampers with evidence of his/her age, educational and other certificates, shall be disqualified from the current and any future recruitment process at the Bank; even if the candidate is otherwise eligible.