Job Details

Published On: 26 July 2024                                                                                                                                                                             Closing Date:  8 August 2024

EMPLOYMENT OPPORTUNITY

The Bank of Zambia, an equal opportunity employer, invites applications from suitably qualified and experienced Zambians for the following vacant position:

ASSISTANT MANAGER – PAYMENT SYSTEMS FINTECH AND RESEARCH (1 POST)
GRADE: BoZM5

Job Purpose

To formulate policies and regulations on Financial Technologies (FinTechs) in Zambia in order to ensure safe, reliable and efficient payment systems. To analyse Sandbox applications in line with prescribed regulatory framework and monitor/ report on their performance.

Main Accountabilities

• Monitor developments in Financial Technology space.
• Analyze the emergence of FinTech and assess the related use cases.
• Develop and Implement FinTech regulatory policies in accordance with the Payment Systems Act, Bank of Zambia directives and other applicable regulations to ensure to ensure consistency with international best practices in adoption Fintech Policies.
• Assessment of Sandbox applications in line with the Bank of Zambia Regulatory Sandbox guidelines.
• Monitor the performance of Regulatory Sandbox participants.
• Conduct Regular surveillance on FinTech products in accordance with the provisions of the Payment Systems Act and Bank of Zambia Act to identify risks, trends in respect to FinTech products and recommend appropriate measures to address concerns.
• Undertake research on FinTech and recommend policy actions.
• Monitor the impact of new technologies and structural changes within the FinTech space to ensure safe and efficient payment systems.
• Preparation of periodic and ad-hoc economic and statistical and non-statistical analysis reports on FinTech operations incorporating own recommendations for management’s information and decision-making.
• Preparation of monthly and ad hoc reports on developments in the payment Systems.
• Undertake any other duties commensurate with the grade and level of responsibility of this post for which the post holder has the necessary experience and or training.
• Coordinate FinTech developments with the Bank of Zambia Financial Technologies and Supervisory Technologies (FinTech/SupTech) Working Group.
• Facilitate for the orderly exist of participants in the Regulatory Sandbox in order to minimise risks to consumers.

Qualifications and Experience

• BA (Accountancy, Information Technology, Economics, Banking, Finance, or Business Administration) or equivalent.
• Three (3) years’ experience in banking and payment systems in a reputable organization.
• MA, MSc, MBA an added advantage
• Grade 12 School Certificate with five (5) ‘O’ Levels (credit or better).

Key Knowledge and Attributes

• Good knowledge of local and international payment systems required.
• Robust economic, banking and finance knowledge.
• Strong analysis and writing abilities.
• Experience in banking or finance in a reputable organization.
• Must have sound knowledge and understanding of payments systems.
• Ability to work well in a team, share technical knowledge and experience.

CONDITIONS OF SERVICE

Bank of Zambia Conditions of Service will apply.

To Apply

Only candidates meeting the above role specifications are invited to apply online, Applicants’ detailed curriculum vitae (CV), scanned certified copies of certificates and National Registration Card MUST be attached to the online application. The closing date for applications is Thursday, 8 August 2024 .  Please note that only applications submitted online shall be considered.

Female candidates are encouraged to apply. Only shortlisted candidates will be contacted.