State Bank of Pakistan (SBP), the Central Bank, is looking for experienced professionals for following positions in in Payment Systems Policy & Oversight Department (PSP&OD). The positions are based in Karachi.

Data Analyst - (OG-3)

Key responsibilities of the incumbent will include, but not limited to, the following: Collect, consolidate, and validate data submissions from regulated entities [Payment System Operators (PSOs), Payment Service Providers (PSPs), Electronic Money Institutions (EMIs), Banks, and other related participants] to ensure accuracy and completeness. Perform data quality checks, filtering, cleaning, and reconciliation to prepare reliable datasets for analysis and reporting. Leverage big data platforms, statistical modeling, and machine learning techniques to conduct quantitative and qualitative data analysis to identify trends, risks, and performance indicators in payment systems. Develop and maintain dashboards, infographics, and data visualization tools to present insights in a clear and actionable manner for management. Assist in drafting, analysis, and compilation of the Quarterly Payment Systems Review and Annual Payment System Review reports. Manage, analyze, and prepare submissions for surveys including demand side and supply side surveys. Support research on digital payments adoption, transaction volumes, cost structures, digital frauds, and other key oversight areas. Coordinate with internal teams to provide data-driven inputs for policy, risk, legal, and oversight functions. Maintain databases and ensure secure handling, storage, and retrieval of sensitive payment systems data. Track global developments in payment system data collection and analysis methodologies to recommend improvements in the existing processes. Perform any other data, research, or related assignments entrusted by the management.

 Eligibility Criteria:

Education:	Master’s or Bachelor’s degree with minimum 16 years of education in Data Science, Statistics, Economics, Finance, Computer Science, or related disciplines from an HEC recognized university or a reputable foreign university. Candidates having relevant certifications and experience in the area of digital financial services will be preferred.
Age:	Maximum 35 years as on the date of advertisement.
Experience:	Minimum 05 years of working experience in data analysis, financial sector reporting, business intelligence, or related fields preferably in payments/financial services or in the banking domain. Proficiency in data analysis tools (e.g. SQL, Python, R, Excel, Power BI, Tableau) and strong understanding of financial data reporting, payment systems metrics, and regulatory requirements will be preferred. Knowledge of survey design, sampling techniques, and econometric/statistical methods will be an added advantage.

Payments System Specialist - (OG-4)

Key responsibilities of the incumbent will include, but not limited to, the following: Provide strategic oversight of regulated payment schemes and infrastructures, ensuring compliance with applicable regulatory frameworks, PFMI principles and global standards, while driving technology-led monitoring and operational excellence. Execute comprehensive assessments of payment systems and services (PSOs, PSPs, EMIs, banks and card networks) to identify operational gaps and optimization opportunities. Evaluate credit, liquidity, and settlement risks in accordance with the PFMI, while holistically considering business and operational risk exposure across payment systems and formulate robust mitigation strategies. Formulate and periodically update regulations, guidelines, and oversight frameworks for payment schemes, while ensuring consistency with global best practices. Monitor scheme performance, fraud management, dispute resolution, pricing models, and interoperability to drive systemic efficiency and promote broader financial inclusion. Liaise and engage with internal and external stakeholders to strengthen oversight frameworks and risk management. Develop actionable briefs, consultation papers, regulatory impact assessments, and reports for management on performance and innovations of payment systems and schemes. Champion organizational development by creating training and knowledge-sharing resources on PFMI, risk management, and payment systems oversight. Conduct due diligence on new payment products, innovations and emerging technologies, and Regulatory Sandbox, to ensure compliance with regulatory and systemic risk considerations. Conduct comprehensive data driven analysis of payment schemes encompassing market share, transaction volumes, pricing models, interoperability standards, and acceptance infrastructure to foster healthy competition and accelerate financial inclusion. Perform any other tasks as assigned by management.

 Eligibility Criteria:

Education:	Master’s or Bachelor’s degree with minimum 16 years of education in Business Administration, Computer Science, Engineering (Computer, Software, Systems, Telecommunication from an HEC recognized university or a reputable foreign university. Candidates having relevant certifications and experience in the area of digital financial services will be preferred.
Age:	Maximum 36 years as on the date of advertisement.
Experience:	The candidate must have at least 08 years of professional experience, with at least 03 years in a middle management position. The role requires following competencies with knowledge of regulations for payment systems operators/providers: Strong analytical and problem-solving skills with focus on systemic and operational risk. A thorough understanding of the financial system, including its regulatory and supervisory framework. Ability to interpret and apply global standards (PFMI) in local context. Proven ability in policy synthesis and formulation, as well as in the development of regulatory framework(s). Experience in building and managing relationships with various stakeholders

Payments Policy & Regulation Specialist - (OG-4)

Key responsibilities of the incumbent will include, but not limited to, the following: Formulate, review and update policies, regulations, and guidelines for payment systems and services in line with existing legal and regulatory frameworks and international best practices. Analyze market developments in cards, instant payments, QR payments, fund transfers, wallets, and emerging payment models etc. Establish policy stance on pricing, interchange, merchant discount rates, access criteria, interoperability, and competition in payments market. Consider integration of innovative technologies such as Artificial Intelligence (AI), Machine Learning (ML), Distributed Ledger Technology (DLT), Blockchain, Cloud Computing, Open Banking, and other fintech innovations into design of payment system policies and standards, to drive innovation and efficiency. Contribute to initiatives aimed at expanding digital payment acceptance, merchant onboarding, and cashless payment adoption. Liaise with SBP’s internal and external stakeholders to ensure that regulatory proposals are comprehensive, legally sound, and effectively implementable. Engage with Payment System Operators (PSOs), Payment Service Providers (PSPs)and Electronic Money Institutions (EMIs), banks, and other stakeholders to perform consultations, address licensing and compliance related queries, and incorporate stakeholder feedback into policy development. Monitor and analyze global policy, regulatory, and legal developments in payments, fintech regulation, data governance, and digital financial services, and provide recommendations for local contextualization and implementation. Perform any other tasks assigned by management to support the policy and regulatory functions of the division.

 Eligibility Criteria:

Education:	Master’s or Bachelor’s degree with minimum 16 years of education in Business Administration, Computer Science, Engineering (Computer, Software, Systems, or Telecommunication) from an HEC recognized university or a reputable foreign university. Candidates having relevant certifications and experience in the area of digital financial services will be preferred.
Age:	Maximum 36 years, as on the date of advertisement.
Experience:	Minimum 08 years of working experience with at least 03 years in a middle management position in the banking or payments domain, in areas related to policy development/compliance/ legal review/ fintech innovations, or related functions. Candidates with experience in payments, policy, fintech regulation, or digital legal framework development will be preferred.

Cybersecurity & Technology Specialist - (OG-4)

Key responsibilities of the incumbent will include, but not limited to, the following: Perform periodic assessment of regulated entities including Payment System Operators (PSOs), Payment Service Providers (PSPs), Electronic Money Institutions (EMIs) and banks to ascertain their adherence with applicable national and international regulatory frameworks on cybersecurity and IT risk management. Oversee integration of emerging technologies (Distributed Ledger Technology (DLT), Blockchain, Artificial Intelligence (AI)/Machine Learning (ML), cloud computing) in the payment systems, while identifying potential risks and recommending compliance and mitigating actions. Monitor, investigate, and assess the handling of cyber incidents, frauds, and service disruptions across payment systems, while ensuring timely reporting and effective remedial measures, including consumer protection safeguards. Enforce the maintenance of robust frameworks for disaster recovery, business continuity, and critical payment system operations by regulated entities, to sustain high levels of cyber and operational resilience. Prepare high-quality technical notes, risk assessments, briefing papers, and recommendations for senior management. Liaise with internal and external stakeholders on cybersecurity and technology related matters, as required. Support capacity building through technical guidance, knowledge sharing, and contribution to training initiatives. Stay abreast of evolving cyber threats, regulatory expectations, and global best practices in the relevant areas for their possible adoption in the local context. Perform any other assignments entrusted by management.

 Eligibility Criteria:

Education:	Master's, Bachelor's or equivalent degrees with minimum 16 years of education from HEC recognized Pakistani and Foreign institutions in Computer Sciences, Computer Engineering, Software Engineering, Software Development, Information Systems and Technology, Information Security, Cybersecurity and other related cyber security disciplines. In case of foreign degree, equivalence certificate from HEC would be required. Preference will be given to candidates having experience and certifications in the related field.
Age:	Maximum 36 years, as on the date of advertisement.
Experience:	Minimum 08 years of working experience in cybersecurity/technology risk or IT supervision, preferably within the banking, payment systems, and financial sector, with at least 03 years in a middle management position Experience in cyber audits, risk assessments, or regulatory oversight will be an advantage. Familiarity with regulatory and global standards related to emerging payment technologies will be preferred.

 Compensation:

Competitive market based compensation package backed by attractive salary and well-rounded benefits structure as per State Bank's rules.

 Application Procedure:

Interested candidates meeting the eligibility criteria may submit their applications online on https://career.sbp.org.pk/login. Last date of application submission is February 09, 2026. 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, 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. Candidate who fails to provide the required information or documents or does not meet the specified criteria as per advertisement shall be disqualified from the current drive.