Product Specialist – Domestic Card Scheme

4 weeks ago

Muscat, Muscat, Oman Central Bank of Oman Full time

Central Bank of Oman is seeking to recruit competent, committed, self-motivated and enthusiastic Omani candidate to work as Product Specialist – Domestic Card Scheme.

Key Accountabilities:

  • Develop and the DCS product strategy and roadmap.
  • Lead market research and needs assessment for product innovation.
  • Manage the full product lifecycle: ideation, development, launch and ongoing improvements.
  • Define pricing models, incentives and promotional strategies to drive adoption.
  • Collaborate closely with banks, PSPs, merchants, technology providers and regulators.
  • Ensure DCS products comply with EMV standards, PCI DSS, and CBO regulations.
  • Analyze product performance against KPIs and recommend improvements.
  • Deliver clear, accurate and timely reports to senior management.
  • Manage payment product budgets and financial performance.
  • Develop and maintain strong relationships with key stakeholders, including vendors and partners.
  • Provide leadership and mentorship to junior team members.
  • Stay abreast of industry developments and best practices in product management and secure development lifecycle.

Skills and Competencies:

  • In-depth knowledge of card payment ecosystems (issuance, acquiring, tokenization).
  • Strong understanding of EMV standards, mobile payments, NFC, and payment gateways.
  • Strategic thinking and excellent problem-solving capabilities.
  • Outstanding communication, negotiation and relationship management skills.
  • Strong project management and financial analysis abilities.

Technical Competencies:

  • EMV Expertise (Contact/Contactless specifications)
  • Mobile and Digital Payment Knowledge (Tokenization, Mobile Wallets, NFC, QR-based payments)
  • Product Pricing & Profitability Modeling
  • Payment Systems Operations (e.g., Switching, Clearing, Settlement including OmanNet infrastructure)
  • Payment Standards (EMV, PCI DSS, ISO 8583, ISO 20022)
  • Fraud Risk Management (Fraud prevention strategies and transaction monitoring)
  • Business Continuity Planning (BCP/DR for critical payment infrastructures)
  • Project Management (PMP certification or equivalent preferred)
  • Digital Transformation (Knowledge of emerging digital trends impacting card payments)
  • Systems Testing (Functional and non-functional testing, certification processes)
  • Business Systems and Applications (Understanding of banking/payment IT environments)
  • Design Thinking (User-centric product and service design approach)

Minimum Qualifications and Experience:

Bachelor's in information technology/ information systems/business administration/E-Business Management

Minimum 7 years of experience in card schemes, banks, or payment service providers (PSPs) managing card products.

Please Submit your application before 15th May 2025.

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