RegTech & SupTech Specialist

Central Bank of Oman; Ruwi; On-site; OMR 25,000 - 45,000; Full time

Job summary

Central Bank of Oman invites an Omani candidate to join as RegTech & SupTech Specialist, focusing on research, assessments, requirements gathering, business analysis and strategic planning to advance the bank's RegTech and SupTech journey.

You will collaborate with Regulation, Supervision, IT, Data, Analytics and Intelligence teams to identify technology driven opportunities; explore AI/ML applications, support PoCs, pilots, governance, and training to strengthen regulatory reporting, efficiency

Qualifications

• Bachelor’s Degree in Information Systems, Information Technology, Computer Science, Computer Engineering, Data Science, Finance, or a related field.
• Professional certifications such as FinTech, PMP, data analytics, RegTech/SupTech are an advantage.
• Understanding and familiarity with regulatory frameworks and processes, compliance frameworks and supervisory work and operations.
• Minimum 6 years of experiences in one or more of the following areas: RegTech, SupTech, Digital transformation, Data Analytics, Business Intelligence or technology enabled transformations.
• Experience in working with technology vendors, consultants or cross functional project teams is an advantage.

Responsibilities

• Identify, study and assess RegTech and SupTech trends, technologies and innovations, including market research and benchmarking of international and regional practices.
• Collaborate with relevant cross-functional departments such as Regulation, Supervision, IT, Data, Analytics & Intelligence to identify technology driven opportunities to improve supervisory capabilities and regulatory effectiveness.
• Support the development and implementation of SupTech and RegTech strategies, roadmaps and initiatives.
• Identify opportunities to automate and enhance supervisory processes, regulatory reporting and data collection.
• Collaborate with the technical teams and relevant internal departments to define implementation requirements and plan for SupTech platform.
• Explore the application of AI, Machine Learning and Emerging Technologies within supervision and regulatory activities.
• Monitor the industry developments and technological advancement of RegTech and SupTech and make appropriate recommendations.
• Engage with regulated entities, fintech firms, peer regulators and international bodies on RegTech and SupTech development.
• Support Proof of Concepts (PoC), Pilots, vendor assessment and implementation of relevant technologies solutions.Support training and awareness initiatives to promote the adoption of RegTech capabilities across the financial sector, and help build internal capacity in the use of SupTech platform.
• Participate in consultations, regulatory sandbox and pilot projects related to RegTech and SupTech.
• Assist in defining policies and governance needed to manage SupTech and RegTech in line with applicable Legal and Regulatory frameworks.
• Support documentation, reporting and tracking the performance and KPIs of RegTech and SupTech initiatives.

Skills

RegTech

SupTech

Data Analytics

AI/ML awareness

Education

Bachelor's Degree in Information Systems

Data Science

Job description

Central Bank of Oman is seeking to recruit competent, committed, self-motivated and enthusiastic an Omani candidate to work as RegTech & SupTech Specialist.

Role Purpose:

• Support the development and advancement of the Central Bank of Oman’s (CBO) RegTech and SupTech journey, with a focus research, assessments, requirements gathering, business analysis, strategic planning and implementation support.
• Support the development, adoption and implementation of technology - enabled solutions that enhance the supervisory capabilities (SupTech) of the Central Bank of Oman.
• Support the development, ongoing adoption and implementation of technology enabled solutions that enhance regulatory effectiveness (RegTech) across the licensed financial institutions.
• Bridge the gap between Supervision, Regulation, Data, Analytics & Intelligence and Technology by identifying innovative solutions and potential implementation of emerging technologies (e.g. AI, ML) that drive automation, data analytics, risk management and regulatory reporting efficiency, in coordination with relevant internal departments and external stakeholders.

Key Duties and Tasks:

• Identify, study and assess RegTech and SupTech trends, technologies and innovations, including market research and benchmarking of international and regional practices.
• Collaborate with relevant cross-functional departments such as Regulation, Supervision, IT, Data, Analytics & Intelligence to identify technology driven opportunities to improve supervisory capabilities and regulatory effectiveness.
• Support the development and implementation of SupTech and RegTech strategies, roadmaps and initiatives.
• Identify opportunities to automate and enhance supervisory processes, regulatory reporting and data collection.
• Collaborate with the technical teams and relevant internal departments to define implementation requirements and plan for SupTech platform.
• Explore the application of AI, Machine Learning and Emerging Technologies within supervision and regulatory activities.
• Monitor the industry developments and technological advancement of RegTech and SupTech and make appropriate recommendations.
• Engage with regulated entities, fintech firms, peer regulators and international bodies on RegTech and SupTech development.
• Support Proof of Concepts (PoC), Pilots, vendor assessment and implementation of relevant technologies solutions.Support training and awareness initiatives to promote the adoption of RegTech capabilities across the financial sector, and help build internal capacity in the use of SupTech platform.
• Participate in consultations, regulatory sandbox and pilot projects related to RegTech and SupTech.
• Assist in defining policies and governance needed to manage SupTech and RegTech in line with applicable Legal and Regulatory frameworks.
• Support documentation, reporting and tracking the performance and KPIs of RegTech and SupTech initiatives.

Minimum Qualifications and Experiences:

• Bachelor’s Degree in Information Systems, Information Technology, Computer Science, Computer Engineering, Data Science, Finance, or a related field.
• Professional certifications such as FinTech, PMP, data analytics, RegTech/SupTech are an advantage.
• Understanding and familiarity with regulatory frameworks and processes, compliance frameworks and supervisory work and operations.
• Minimum 6 years of experiences in one or more of the following areas: RegTech, SupTech, Digital transformation, Data Analytics, Business Intelligence or technology enabled transformations.
• Experience in working with technology vendors, consultants or cross functional project teams is an advantage.