State Bank of Pakistan (SBP), the Central Bank, is looking for skilled and enthusiastic professionals for the following contractual position in Payment Systems Policy & Oversight Department (PSP&OD).
The position is based in Karachi.

Payments Policy Analyst - (Contractual)

The position is responsible to support the development and review of policies, regulations, and initiatives related to digital payments and emerging financial technologies. The incumbent will assist in research, stakeholder engagement, and policy drafting related to innovations such as Artificial Intelligence, Distributed Ledger Technology (DLT), Cloud Computing, Open Banking, and other related areas within the payments ecosystem. Assist in drafting policies, guidelines, and regulatory notes on emerging domains in payment systems (e.g. AI, Big Data, DLT, Cloud, and Open APIs), ensuring alignment with financial stability and innovation goals. Conduct comparative research and data analysis on global regulatory practices, legal developments, and technological trends in payment systems to support formulation of local regulations and policies. Coordinate with internal departments and external stakeholders [e.g. banks, fintechs, Electronic Money Institutions (EMIs), Payment System Operators (PSOs) & Payment Service Providers (PSPs)] to collect feedback on proposed policies and identify implementation challenges. Contribute to policy effectiveness reviews and post-implementation impact assessments, summarizing findings and recommending necessary adjustments. Prepare briefing notes, consultation papers, and internal working documents, including minutes from stakeholder consultations and policy related discussions. Engage with stakeholders including government agencies, financial institutions, fintechs and international bodies to incorporate comparative legal and regulatory perspectives. Advise management on legal implications of emerging technologies and support in regulatory policy design. 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, Law, Information Technology, Computer Science, Engineering (Computer, Software, Systems, or Telecommunication) from an HEC recognized university or a reputable foreign university. Candidates having relevant certifications will be preferred.
Age:	Maximum 36 years, as on the date of advertisement.
Experience:	The candidate must have at least 05 years of professional experience in the domain of legal, policy or regulations of financial sector such as banking, payments, or financial market infrastructure. Candidates having experience in the areas of emerging payment technologies will be preferred.

 Compensation:

Competitive market-based compensation package backed by attractive salary and a well-rounded benefits structure as per SBP’s 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. 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.