Expert/Executive - Fintech and Digital Banking

Central Bank of Oman; Muscat; On-site; OMR 30,000 - 54,000; Full time

Job summary

Central Bank of Oman seeks a competent Expert/Executive in Fintech and Digital Banking to support the Digital Banks/Banking Department and the Directorate of Regulations. You will help formulate policies, frameworks, and initiatives to advance Fintech integration and a digital ecosystem in the financial sector.

The role focuses on aligning digital initiatives with international standards, promoting AI, blockchain, APIs, and CBDCs, while assessing regulatory risks and coordinating with regulators

Qualifications

• Graduate/Post Graduate Degree in Finance, IT, Economics, Commerce and Fintech certifications.
• Additional professional qualifications in Banking and Finance/ Fintech from an accredited institution.
• Strong understanding of Fintech trends, Digital Banking models, and emerging technologies (e.g., AI, blockchain, APIs, CBDCs).
• Hands-on experience in Central Banks, regulating/supervising, policy developments of financial institutions.
• 10 years of relevant experience in banking, financial technology, or digital transformation.

Responsibilities

• Formulating policies, regulations, and frameworks to govern Fintech solutions relevant to banking and innovative payment systems.
• Ensure alignment of digital initiatives with the best international standards and practices while addressing local market needs.
• Develop policies promoting adoption of fintech solutions, including AI, ML, and big data analytics.
• Review requests from banks and non-bank financial institutions related to Digital services and cloud solutions, and provide regulatory recommendations.
• Assess risks of Fintech adoption and develop regulatory frameworks to safeguard financial systems.

Skills

Fintech trends

Digital Banking

AI

Blockchain

Regulatory frameworks

Education

Finance/IT/Economics/Commerce degree

Fintech certifications

Job description

Central Bank of Oman is seeking to recruit competent, committed, self-motivated and enthusiastic candidate to work as Expert / Executive - Fintech and Digital Banking .

Overall, Purpose of the Position:

Responsible for providing support to Manager of Digital Banks/Banking Department (DBD) & the Directorate of Regulations in formulating policies, frameworks, and initiatives to enhance the integration of Fintech solutions, promote digital ecosystem in the financial sector.

Key Duties and Tasks:

• Formulating policies, regulations, and frameworks to govern Fintech solutions relevant to banking and innovative payment systems.
• Ensure alignment of digital initiatives with the best international standards and practices while addressing local market needs.
• Develop policies aiming to promote adoption of innovative banking solutions, including AI, machine learning, and big data analytics to enhance decision-making and financial inclusion.
• Review and assess requests from banks and non-bank financial institutions related to Digital services, outsourcing arrangements, cloud computing solutions, and provide technical and regulatory recommendations.
• Assess risks associated with adoption Fintech, including operational, technological, and cybersecurity risks and therefore develop regulatory frameworks to safeguard financial systems from emerging threats and vulnerabilities.
• Prepare studies/ researches relevant to digital transformation matters, including but not limited to digital currencies, open banking, and blockchain-based systems.
• Monitor domestic and international regulatory and market developments, including developments in digital services and Fintech, undertake benchmarking, and recommend appropriate enhancements to the CBO’s frameworks and sector-development initiatives.
• Liaise and coordinate with licensed institutions, Government agencies, domestic regulators, international organizations and standard-setting bodies on regulatory, licensing and sector-development matters, including digital services and Fintech.
• Provide support in initiatives related to regulatory sandboxes, innovation hubs, and pilot programs to test and assess the emerging technologies.
• Provide on-job training, mentorship, and technical guidance to the staff within the Directorate of Regulations to support capacity-building.

Minimum /Desirable Qualifications & Experience :

• A Graduate / Post Graduate Degree in Finance, Information Technology, Economics, Commerce and professional Qualifications/Certifications in Fintech.
• Additional professional qualifications in Banking and Finance/ Fintech from an accredited institution.
• Strong understanding of Fintech trends, Digital Banking models, and emerging technologies (e.g., AI, blockchain, APIs, CBDCs). Expertise in risk management frameworks, regulatory sandboxes, and cybersecurity practices.
• Hands-on experience in Central Banks, regulating/supervising, policy developments of financial institutions.
• 10 years of relevant experience in banking, financial technology, or digital transformation. Proven track record in implementing Fintech initiatives, developing digital policies, or managing innovative financial projects.