Digital Innovations & Settlements Department

State Bank of Pakistan; Karachi Division; On-site; PKR 4,800,000 - 7,200,000; Full time

Benefits offered by this job

Equal Opportunity Employer

Job summary

State Bank of Pakistan, based in Karachi, seeks a Deputy Director (OG-3) for the Settlements Division to oversee RTGS accounting with T24, Oracle, and CSD integration. The role focuses on SWIFT MT and ISO 20022 MX standards, STP flows, and risk controls.

The successful candidate will manage incidents, audits, and documentation, while training participants and supporting policy updates within a robust payment ecosystem.

Qualifications

• Bachelor's or Master's degree (16 years) in Finance, Business Administration, Economics, Computer Science, or related discipline from a reputable HEC-recognized university.
• Experience in financial IT systems and settlements is desirable but not required.

Responsibilities

• Understand and manage accounting entries in the RTGS system and integrate with T24, Oracle, and CSD platforms.
• Apply SWIFT (MT) and ISO 20022 (MX) standards for high-value payments and settlements.
• Support STP flows and settlement procedures and monitor SLAs.
• Contribute to system enhancements and participate in risk, audit, and policy work.
• Train new participants and administer user access and configurations in RTGS.
• Draft and update operating rules, policies, and user manuals; assist in special projects.

Education

Bachelor's or Master's degree (16 years) in Finance, Business Administration, Economics, Computer Science, or related discipline

Job description

Digital Innovations & Settlements Department

State Bank of Pakistan (SBP), the Central Bank, is looking for talented and energetic candidates for the Permanent position in Digital innovations & Settlements Department (DI&SD), based in Karachi.

Deputy Director (OG-3) - Settlements Division

Key responsibilities of the incumbent will include, but not limited to, the following:

• Understand and manage accounting entries in the new RTGS system, ensuring successful integration with T24, Oracle, and Central Securities Depository (CSD) platforms.
• Apply SWIFT (MT) and ISO 20022 (MX) standards for high-value payments and settlements.
• Support STP flows and settlement procedures.
• Contribute to PRISM+ system enhancements as required.
• Monitor performance, logs, and alerts to ensure resolution within SLAs.
• Manage incidents, triaging, and escalation workflows.
• Oversee operations including auctions, maturities, and OMOs.
• Test new functionalities and train new participants.
• Administer participant access, rights, and instrument configurations in RTGS.
• Resolve operational issues and respond to queries from banks and stakeholders (NIFT, NCCPL, 1-Link).
• Draft and update operating rules, policies, and user manuals.
• Support audit, compliance, and risk management requirements.
• Assist in special projects.

Eligibility Criteria

Bachelors or Master’s Degree (16 years of education) in Finance, Business Administration, Economics, Computer Science, or a related discipline from reputable HEC recognized domestic or foreign university.

Compensation

Competitive market based compensation package backed by attractive salary and well‑rounded benefits structure as per Organization's rules.

We are an Equal Opportunity Employer. Females, candidates from minorities, transgender persons and persons with disability are encouraged to apply.