Assistant Manager – Payment Systems Development and Operations x5 at Bank of Zambia

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To ensure that the Bank of Zambia only designates payment systems/businesses that operate in a safe and efficient manner; evaluate payment systems product/service applications submitted by licensed entities; research and develop a robust payment systems policy and regulatory framework; and coordinate payment systems developments in line with international best practice.

Main Accountabilities

  • Receive and evaluate designation and product applications in accordance with the National Payment Systems Act and laid down procedures.
  • Prepare designation and product application evaluation report for consideration by management.
  • Oversee orderly restructuring or winding up of payment service providers to ensure smooth functioning of the national payment system.
  • Carry out research on payment systems and draft concept and policy papers.
  • Carry out research on FinTechs and review/develop regulatory framework.
  • Develop and implement policies, standards, guidelines, rules, and regulations in the payment, clearing and settlement area.
  • Initiate review of the National Payment Systems Act and subsidiary regulations in line with international best practices regional initiatives.
  • Prepare reports that analyses current regulatory framework and provide recommendations of required amendments.
  • Draft the National Payment Systems Vision and Strategy document.
  • Initiate and monitor progress on the activities under the National Payment Systems Vision and Strategy, National Financial Inclusion Strategy and other policy documents.
  • Prepare and make presentations to various stakeholders on research findings, topical issues, evaluation reports etc.
  • Prepare statistical and non-statistical periodic and adhoc reports highlighting observations and recommendations to ensure management is well informed for effectual decision making.

Qualifications and Experience

  • BSc/BA (in economics, finance, banking, ICT, or law) or ACCA/CIMA/ACA/CIOB
  • Three (3) years’ relevant experience
  • Grade 12 School Certificate with a minimum of five (5) ‘O’ Levels (Credit or better)

Key Knowledge and Attributes

  • Good knowledge in economics, banking, ICT, law or finance knowledge
  • Strong analysis and writing abilities
  • Experience in relevant field and in reputable organization
  • Must have sound knowledge and understanding of payments systems
  • Ability to work well in a team, share technical knowledge and experience
  • Good knowledge and research experience
  • Excellent interpersonal, networking and communication skills
  • Proven problem solving skills
  • ICT skills
  • Problem solving skills.



Bank of Zambia Conditions of Service will apply.  Please note that the positions are on Fixed Term Contracts of Employment for three (3) years and renewable subject to good performance.

How to Apply

Submit your CV and Application on Company Website : Click Here

Closing Date : 25th Feb. 2020

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