About the job
Risk & Payments Subject Matter Expert (Contract)
Location: Dubai, United Arab Emirates
Type: Contract Position
Role Overview
Capitex is in search of a highly skilled Risk & Payments Subject Matter Expert (SME) to spearhead risk-oriented supervisory initiatives for payment system operators. This pivotal role will entail the identification, evaluation, and mitigation of operational, settlement, and systemic risks. As a trusted technical advisor, the SME will play a crucial role in shaping policy and developing oversight frameworks for both established and emerging payment infrastructures.
Key Responsibilities
- Develop and implement risk-based supervisory frameworks tailored for payment system operators, encompassing real-time gross settlement (RTGS), retail payment systems, and digital payment platforms.
- Create robust risk assessment methodologies to identify and monitor operational, settlement, and business risks that could affect system stability.
- Establish and maintain risk registers, contributing to scenario analyses related to settlement failures, cyber incidents, and operational disruptions.
- Evaluate compliance with international standards and provide recommendations on best practices regarding operational resilience, business continuity, data security, and consumer protection.
- Formulate frameworks and standard operating procedures (SOPs) for both on-site and off-site supervisory reviews, including management interviews, technical assessments, and the reporting of findings, KPIs, and supervisory concerns to oversight committees.
- Work collaboratively with supervisory teams to ensure a consistent and proportional approach to risk-based supervision, particularly for systemically important operators.
- Offer technical guidance on regulatory advancements, international standards (e.g., CPMI-IOSCO Principles for Financial Market Infrastructures), and industry best practices.
Skills and Qualifications
- Extensive knowledge of payment systems, risk-based supervision methodologies, and applicable regulatory frameworks.
- Deep understanding of PFMI principles, including self-assessment, gap analysis, and compliance roadmaps.
- Demonstrated experience with risk assessment techniques, risk registers, and scenario-based supervision.
- Solid knowledge of operational resilience requirements, including business continuity, disaster recovery, and information security controls.
- Exceptional analytical skills in evaluating payment system operations, governance frameworks, and financial stability relationships.
- Outstanding communication and stakeholder management capabilities, particularly in advising senior management and regulatory bodies.

