Risk - Payments SME

Capitex; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading financial services provider in Dubai is seeking an experienced Risk & Payments Subject Matter Expert (SME) to lead risk supervision activities for payment system operators. The role involves designing supervisory frameworks and assessing operational risks, reviewing compliance with international standards, and providing technical advice on regulatory developments. Ideal candidates will have advanced understanding of payment systems and risk assessment techniques.

Qualifications

• Advanced understanding of payment systems and risk-based supervision methodologies.
• Strong knowledge of PFMI principles and compliance roadmaps.
• Proven experience with risk assessment techniques and risk registers.

Responsibilities

• Design and implement risk-based supervisory frameworks for payment systems.
• Prepare risk registers and contribute to scenario analyses.
• Review compliance with international standards and recommend best practices.

Skills

Advanced understanding of payment systems

Risk-based supervision methodologies

Knowledge of PFMI principles

Risk assessment techniques

Operational resilience requirements

Analytical skills

Communication and stakeholder management

Job description

Risk & Payments SME (Contractual)

Location: United Arab Emirates
Type: Contractual Position

Role Overview

We are seeking an experienced Risk & Payments Subject Matter Expert (SME) to lead and support risk-based supervision activities for payment system operators. The role will focus on identifying, assessing, and mitigating operational, settlement, and systemic risks. As a technical advisor, the SME will contribute to policy formulation and the development of frameworks for oversight of both major and emerging payment infrastructures.

Key Responsibilities

• Design and implement risk-based supervisory frameworks for payment system operators, including real-time gross settlement (RTGS), retail payment systems, and digital payment platforms.
• Develop comprehensive risk assessment methodologies, identifying and monitoring operational, settlement, and business risks that could impact system stability.
• Prepare and maintain risk registers and contribute to scenario analyses for settlement failures, cyber incidents, and operational disruptions.
• Review compliance with international standards and recommend best practices in operational resilience, business continuity, data security, and consumer protection.
• Develop frameworks and SOPs for on-site and off-site supervisory reviews, including management interviews, technical assessments, and reporting of findings, KPIs, and supervisory concerns to oversight committees.
• Collaborate with supervisory colleagues to ensure a consistent and proportionate approach to risk-based supervision, especially for systemically important operators.
• Provide technical advice on regulatory developments, international standards (e.g., CPMI-IOSCO Principles for Financial Market Infrastructures), and industry best practices.

Skills and Qualifications

• Advanced understanding of payment systems, risk-based supervision methodologies, and regulatory frameworks.
• Strong knowledge of PFMI principles, including self-assessment, gap analysis, and compliance roadmaps.
• Proven experience with risk assessment techniques, risk registers, and scenario-based supervision.
• In-depth knowledge of operational resilience requirements, including business continuity, disaster recovery, and information security controls.
• Strong analytical skills in assessing payment system operations, governance structures, and financial stability linkages.
• Excellent communication and stakeholder management skills, with experience advising senior management and regulatory authorities.