Payment Architect

Sphere IT Consultants DWC LLC; Dubai; On-site; AED 120,000 - 180,000; Full time

Job summary

An established industry player is looking for a highly skilled Payment Architect to lead the transition from MT to MX messaging formats within their payment systems. This role involves overseeing the migration process, ensuring compliance with SWIFT standards, and optimizing performance. The ideal candidate will have extensive experience in payment architecture and a solid understanding of financial services. Join a dynamic team where your expertise will drive significant improvements in payment operations and contribute to the advancement of innovative payment technologies.

Qualifications

• 7+ years of experience in payment architecture with a focus on SWIFT standards.
• Bachelor's or master's degree in computer science or related field.

Responsibilities

• Lead migration from MT to MX messaging formats in payment systems.
• Develop robust payment architecture strategies supporting MX standards.
• Optimize payment processing systems for performance and reliability.

Skills

Payment Technologies

Architecture Frameworks

Integration Platforms

Problem-Solving Skills

Analytical Skills

API Specification for REST

API & Interface Governance

Cloud Deployments (AWS, Azure)

Banking Domain Knowledge

Presentation Skills

Education

Bachelor's or Master's in Computer Science

Relevant Certifications in Payment Systems

Job description

Bachelors in Computer Application, Bachelor of Technology/Engineering, Master of Technology/Engineering

Nationality

Any European National, Any Anglophone National

Vacancy

1 Vacancy

Job Description

Job Purpose

We are seeking a highly skilled Payment Architect to lead the transition from MT to MX messaging formats within our payment systems. The ideal candidate will have extensive experience in payment architecture, SWIFT messaging standards, and a deep understanding of financial services.

Functional Responsibilities:

1. Lead Transition: Oversee the migration from MT to MX messaging formats, ensuring seamless integration and minimal disruption to payment operations.
2. Architecture Design: Develop and implement robust payment architecture strategies that support the new MX messaging standards.
3. System Integration: Collaborate with IT and business teams to integrate MX messaging into existing systems, ensuring compatibility and efficiency. Responsible, along with the development team, vendors for identifying design and development tools for most effective delivery of integration development tasks.
4. Compliance and Standards: Ensure all payment systems comply with SWIFT standards and regulatory requirements.
5. Technical Role: Provide technical guidance to development teams, ensuring best practices in payment processing and messaging. Responsible for technical vendor evaluation and RFPs.
6. Performance Optimization: Optimize payment processing systems for performance, scalability, and reliability.
7. Documentation and Training: Create comprehensive documentation and provide training to stakeholders on the new MX messaging standards and processes.
8. Stakeholder Management: Engage with internal and external stakeholders to communicate progress, challenges, and solutions related to the transition. Able to demonstrate ability to go the extra mile to ensure project success.

Desired Candidate Profile

Skills:

1. Hands on knowledge, well versed with latest payment technologies, Architecture frameworks and Integration platforms.
2. Experience in a business facing role demonstrating presentation skills, as well as having the ability to communicate to senior management.
3. Must have excellent problem-solving and analytical skills, with the ability to troubleshoot complex issues.
4. Strong verbal and written communication skills, with the ability to convey technical concepts to non-technical stakeholders.
5. Shall have working knowledge defining API Specification for REST or Web Services.
6. Shall have knowledge of API & Interface governance, design standards and principles.
7. Shall have knowledge in Cloud Deployments – AWS, Azure; Professional certification will be an added advantage.
8. Shall have knowledge of hardware sizing and able to define application architecture that is high availability, scalable, etc.
9. Experience in a client-facing role demonstrating presentation skills, as well as having the ability to communicate with senior management.
10. Banking domain knowledge – understanding of current opportunities and challenges in the Financial Services industry.

Education and Experience:

Minimum formal education: Bachelor’s or master’s degree in computer science, Information Technology, or a related field.

Total Experience: Minimum of 7 years of experience in payment architecture, with a focus on SWIFT messaging standards.

Certification requirement: Relevant certifications in payment systems, SWIFT, or international payments are a plus.