Product Manager

Paymentology; Pakistan; On-site; PKR 3,000,000 - 5,000,000; Full time

Job summary

Paymentology is seeking a Product Manager to own Clearing & Settlement within the Issuer Processing platform. The role defines, manages, and enhances financial processing after authorization, ensuring accurate clearing, settlement, reconciliation, and scheme reporting across global networks.

You will lead cross-functional teams to translate market and scheme requirements into detailed product backlogs, write PRDs and acceptance criteria, and drive new scheme integrations.

Qualifications

• Bachelor’s degree in Business Administration, Engineering, Computer Science, or a related field.
• 5+ years of experience in Product Management, Payments, Issuer Processing, Financial Processing, or a related domain.
• Experience delivering clearing, settlement, reconciliation, or financial processing capabilities within card issuing, payment processing, banking, or fintech environments.

Responsibilities

• Own the product vision, roadmap, and backlog for Clearing & Settlement.
• Define product strategy aligned to customer needs, operational efficiency, scheme requirements, and business goals.
• Translate market, client, and scheme requirements into product requirements and delivery priorities.
• Manage product capabilities for clearing message ingestion and processing.
• Oversee presentments, reversals, adjustments, corrections, and exception handling workflows.
• Support multi-currency and multi-clearing scenarios.
• Ensure accurate scheme file processing and event generation.
• Improve automation, transparency, and controls across clearing workflows.
• Manage issuer settlement calculations and processing, supporting multi-currency settlement and scheme settlement reporting.
• Oversee accurate settlement position management, exception handling, and robust controls for accurate and auditable outcomes.
• Define and enhance reconciliation across clearing, settlement, and ledger flows.
• Oversee exception management, break resolution, and reporting.
• Ensure compliance and operational oversight within product capabilities.
• Lead product requirements related to Visa Base II, Mastercard IPM, and scheme reporting.
• Monitor scheme mandates, changes, and release impacts.
• Drive impact analysis and manage product changes required by scheme-driven updates and integration of new networks.
• Work closely with Engineering, Architecture, Operations, Finance, Compliance, and Client Delivery teams.
• Write detailed product requirements, user stories, and acceptance criteria.
• Support solution design, testing, implementation, and release planning.
• Act as product SME for clearing and settlement internally and externally.
• Drive the delivery of new payment scheme integrations and related network capabilities.

Skills

Card clearing

Settlement

Reconciliation

Scheme reporting

SQL

English communication

Education

Bachelor's degree in Business Administration, Engineering, Computer Science

Tools

SQL

Job description

At Paymentology, we’re redefining what’s possible in the payments space. As the first truly global issuer-processor, we give banks and fintechs the technology and talent to launch and manage Mastercard and Visa cards at scale – across more than 60 countries. Our advanced, multi-cloud platform delivers real-time data, unmatched scalability, and the flexibility of shared or dedicated processing instances. It is this global reach and innovation that sets us apart.

We are seeking a Product Manager to own our Clearing & Settlement product capabilities within the Issuer Processing platform. The role is responsible for defining, managing, and enhancing the financial processing functions that occur after authorization—ensuring accurate transaction clearing, settlement, reconciliation, scheme reporting, fee processing, and robust financial controls across global payment networks.

Key Responsibilities

Product Ownership

• Own the product vision, roadmap, and backlog for Clearing & Settlement.
• Define product strategy aligned to customer needs, operational efficiency, scheme requirements, and business goals.
• Translate market, client, and scheme requirements into product requirements and delivery priorities.

Clearing

• Manage product capabilities for clearing message ingestion and processing.
• Oversee presentments, reversals, adjustments, corrections, and exception handling workflows.
• Support multi-currency and multi-clearing scenarios.
• Ensure accurate scheme file processing and event generation.
• Improve automation, transparency, and controls across clearing workflows.

Settlement

• Manage issuer settlement calculations and processing, supporting multi-currency settlement and scheme settlement reporting.
• Oversee accurate settlement position management, exception handling, and robust controls for accurate and auditable outcomes.

Reconciliation and Controls

• Define and enhance reconciliation across clearing, settlement, and ledger flows.
• Oversee exception management, break resolution, and reporting.
• Ensure compliance and operational oversight within product capabilities.

Scheme and Network Alignment

• Lead product requirements related to Visa Base II, Mastercard IPM, and scheme reporting.
• Monitor scheme mandates, changes, and release impacts.
• Drive impact analysis and manage product changes required by scheme-driven updates and integration of new networks.

Delivery & Stakeholder Management

• Work closely with Engineering, Architecture, Operations, Finance, Compliance, and Client Delivery teams.
• Write detailed product requirements, user stories, and acceptance criteria.
• Support solution design, testing, implementation, and release planning.
• Act as product SME for clearing and settlement internally and externally.
• Drive the delivery of new payment scheme integrations and related network capabilities.

Knowledge, Skills & Abilities

• Expert knowledge of card clearing and settlement processes and frameworks (Visa, Mastercard).
• Understanding of settlement reporting, reconciliation, interchange, assessments, and scheme fees.
• Ability to translate complex payment and scheme requirements into product and delivery plans.
• Stakeholder management and strong execution skills.
• Competence in payment processing fundamentals: authorization, clearing, settlement, reconciliation.
• Interpret complex technical specifications into concise requirements and testable outcomes.
• Project and program management, including dependency and risk management.
• Technical fluency, comfortable collaborating with engineers on APIs, system behavior, and integrations.
• Experience with SQL/data analysis is advantageous.
• Excellent written and verbal communication skills in English.
• Strong problem-solving abilities and sound judgment.

Minimum Qualifications

• Bachelor’s degree in Business Administration, Engineering, Computer Science, or a related field (or equivalent experience).
• Technical or payments-focused background strongly preferred.

Preferred Experience

• 5+ years of experience in Product Management, Payments, Issuer Processing, Financial Processing, or a related domain.
• Experience delivering clearing, settlement, reconciliation, or financial processing capabilities within card issuing, payment processing, banking, or fintech environments.
• Proven experience with card scheme clearing and settlement frameworks, and managing scheme-mandated changes.
• Collaborative experience with Engineering, Operations, Finance, and cross‑functional product teams.
• Strong understanding of issuer financial operations including interchange, scheme fees, multi‑currency settlement, funding models, and financial controls.

We are an equal opportunity employer committed to fostering a diverse and inclusive workplace where everyone can thrive. We welcome applications from people of all backgrounds and do not discriminate on any unlawful ground, including race, colour, ethnicity, sex, gender, pregnancy, marital status, family responsibility, age, disability, sexual orientation, religion, belief, language or HIV status.

Paymentology will never request any form of payment from applicants at any stage of our recruitment process, including for applications, interviews, training or job placements. If anyone asks you for money while claiming to act on behalf of Paymentology, please treat this as fraudulent and do not make any payment. All legitimate Paymentology vacancies are advertised via our official careers page, and our recruitment emails are sent only from official Paymentology domains.