State Bank of Pakistan (SBP), the Central Bank, is looking for talented and energetic candidates for the following position of Director (OG-7), based in Karachi.

Director - Payment Systems Policy and Oversight Department

Key responsibilities of the incumbent will include, but not limited to, the following:

	Strategically review and align functions of the department with overall objectives of the Bank and streamline processes/ activities to achieve strategic outcomes.
	Provide effective leadership with strategic orientation to gear team efforts towards achievement of departmental objectives.
	Review and guide for improvement of the legal & oversight framework for payment systems, new technologies and Fintechs.
	Keep abreast with global developments in the Payment systems oversight & legal framework and identify measures that should be implemented in the country.
	Formulate draft strategy for development of payment systems including payment instruments/ mechanisms and new players for approval of the senior management.
	Supervise development and implementation of Payment Systems Oversight Framework, including policy proposals on new aspects of payment systems, including policies on E-commerce & Remittances to ensure smooth running of market operations. Additionally, supervise formulation of Fintech Framework and Fintechs enablement in Pakistan through issuance of Fintech guidelines.
	Oversee implementation of Payment systems related action items stated in National E-Commerce policy framework and National Payment Systems Strategy (NPSS).
	Provide strategic and macro level view on retail payments infrastructure and facilitate implementation of new innovative technologies in retail payments domain.
	Maintain oversight over developments in the Payment Systems Policy framework of other central banks, regulatory bodies and other entities and suggest inputs & improvements in SBP’s existing regulatory framework, which involves making revisions/ further enhancing Payment System policy framework in light of the directives provided by Payments Systems Policy Committee (PSPC) and other stakeholders.
	Oversee Payment Systems, payment schemes and other critical Financial Markets Infrastructures (like CDC, NCCPL being direct member of RTGS) as per international standards like Principles of Financial Markets Infrastructure (PFMIs) and oversight of the payment functions of banks and branchless banks.
	Review & approve cases of PSOs/PSPs, and EMIs for issuance of new licenses in order to provide facilitation / enablement of PSOs/PSPs, EMIs and Fintechs so their licensing requirements can be fulfilled as per SBP Policy Framework.
	Ensure operational cybersecurity of payment systems, ADCs and instruments especially those pertaining to digital payment systems as well as maintain oversight over the cyber security incidences reported by banks.
	Facilitate coordination with internal stakeholders as well as coordinate with external stakeholders namely World Bank, IMF, CGAP, International Telecommunication Union (ITU), SAARC, AFI etc. for payment system related issues.
	Facilitate Digital Financial Inclusion through policy advocacy and coordinate with the diverse set of institutions and stakeholders such as PTA, NADRA, and other relevant stakeholders including private sector.
	Review Business Plan, Manpower Plan and Budget of the department and ensure its successful completion, as well as supervise timely completion of the developmental projects and take steps to nourish the effective leadership in departmental team and capacity enhancement of available resources.
	Administer department’s event management, stakeholder’s engagement sessions and staff training including seminars, workshops, conferences, panel discussions, deliver academics trainings etc.

 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.
Age:	Maximum 50 years, as of the date of submission of application (as per CNIC). Relaxation may be allowed in case of additional relevant experience and certifications.
Experience:	Minimum 10 years with at least 04 years in senior management position

 Link to Apply:

 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 Deputy 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 envelop. Last date of application submission is January 02, 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 and Transgender persons are encouraged to apply

Misinformation and any attempt to influence the selection process will be considered a definite disqualification for current as well as for all future recruitments in the Bank, even if the candidate is otherwise eligible.