Core Responsibilities and Accountabilities:
- Lead and support the design, enhancement, and optimization of cross-border remittance and international payment products, covering inbound and outbound corridors.
- Provide subject-matter expertise on correspondent banking models, including SWIFT, nostro/vostro structures, prefunding, and alternative settlement mechanisms.
- Assess and recommend optimal settlement and liquidity models based on corridor economics, risk appetite, and regulatory constraints.
Regulatory & Compliance Leadership:
- Ensure full compliance with SAMA regulations, KSA AML/CFT frameworks, sanctions screening, and cross-border compliance obligations.
- Partner closely with compliance, legal, and risk teams to assess regulatory impacts on product design, corridor expansion, and operating models.
- Support regulatory discussions, audits, and submissions related to remittances and international payments.
Technology & Integration:
- Work with technology teams to support API-based integrations, core banking connectivity, and external partner integrations (including payment networks and fintechs).
- Translate business and regulatory requirements into clear functional and technical specifications.
- Support testing, validation, and go-live readiness of new remittance platforms, enhancements, and integrations.
Strategy, Product & Commercialization:
- Provide strategic advisory on product positioning, pricing, rollout strategies, and go-to-market models for remittance and cross-border offerings.
- Support corridor prioritization, market analysis, and competitive benchmarking to drive volume growth and profitability.
- Collaborate with marketing, sales, and channel teams to support commercialization and client adoption.
Business Case & Delivery Governance:
- Lead or support business case development, including revenue projections, cost models, risk assessment, and ROI analysis.
- Assess operational, regulatory, financial, and technology risks and define mitigation strategies.
- Define implementation roadmaps, milestones, and delivery plans, ensuring alignment across stakeholders.
Stakeholder Management
- Act as a key interface across bank business teams, technology, operations, compliance, and risk functions.
- Manage external stakeholders including correspondent banks, fintech partners, and vendors.
- Support senior management with insights, recommendations, and decision support on remittance initiatives.
Knowledge and Experience:
- Proven expertise in cross-border payments, remittances, correspondent banking, and settlement models.
- Strong understanding of API-driven architectures, core banking systems, and payment integrations.
- In-depth knowledge of KSA regulatory and compliance requirements, including SAMA regulations.
- Demonstrated experience providing strategic advisory on product strategy, rollout, and commercialization.
- Experience validating business cases, assessing risks, and defining end-to-end implementation roadmaps.
- Strong track record of stakeholder management across banking, technology, compliance, and network partners.
Mandatory Skills:
- Bachelors degree in Finance, Business, Technology, or a related field (Masters preferred).
- Previous experience within Banking, Payment & Card solutions, or the FinTech industry.
- Regional experience across the GCC, including working in a faced-paced matrix organisation.
- Excellent communication skills (written, verbal, and presentation) in English; proficiency in Arabic is an advantage.
Preferred Skills:
- The ability to analyse data, troubleshoot payment issues, optimize processes, and make data-driven decisions.
- Good understanding of payment systems, digital platforms, APIs, system workflows, security basics, and industry technologies.
