Senior Product Manager - Payments & Banking

About us

Role Overview

1. Product Strategy & Ownership

• Define and own the roadmap for financing and financial transaction systems.
• Align product initiatives with regulatory requirements and operational objectives.
• Establish and monitor KPIs related to transaction reliability, reconciliation accuracy, disbursement precision, and operational efficiency.
• Ensure balance between compliance, risk controls, customer experience, and scalability.

2. Lending & Financing Lifecycle

• Own the product lifecycle across application, eligibility, offer generation, contracting, disbursement, installment management, settlement, and closure.
• Ensure accurate amortization schedules and financial calculations.
• Oversee implementation of cooling-off periods, early settlement logic, and structured repayment models.
• Ensure asset-linked contract integrity in Sharia-compliant financing structures.
• Coordinate insurance-triggered and exception-handling flows where applicable.

3. Payments & Settlement Systems

• Lead development of bank transfer integrations and local payment rails.
• Oversee card payment integrations (e.g., Mada, Visa, Mastercard).
• Define refund, reversal, dispute, and reconciliation workflows.
• Ensure accurate ledger entries, settlement logic, and payout mechanisms.
• Improve payment success rates and minimize reconciliation gaps.

4. Banking & Infrastructure Integrations

• Own product integrations with local Saudi banks, payment service providers, and relevant financial infrastructure entities.
• Define API requirements, SLAs, monitoring standards, and resiliency mechanisms.
• Collaborate with external partners to ensure stable and compliant integrations.

5. Regulatory & Compliance

• Ensure all financial workflows comply with Saudi regulatory requirements, including SAMA frameworks and applicable AML/CFT and KYC obligations.
• Embed regulatory controls into system design and product workflows.
• Support audits, regulatory reporting, and sandbox requirements where applicable.
• Partner with Risk, Compliance, and Legal teams to ensure ongoing alignment.

6. Risk & Controls

• Define transaction limits, monitoring thresholds, and fraud mitigation mechanisms.
• Balance risk management with conversion and operational efficiency.
• Support suspicious activity detection and transaction monitoring processes.

7. Execution & Delivery

• Translate business and regulatory requirements into structured PRDs, epics, and user stories.
• Work closely with engineering on system architecture, financial logic, and scalability.
• Oversee testing strategies for high-risk financial releases.
• Drive cross-functional alignment across product, engineering, operations, risk, and compliance.

Experience

• 8+ years of experience in Product Management.
• Minimum 3 years within fintech, lending, payments, or banking.
• Experience delivering financial products in regulated environments.

Domain Expertise

• Strong understanding of payment lifecycle (authorization, clearing, settlement, reconciliation).
• Experience with lending systems and financial calculation logic.
• Knowledge of ledger and accounting principles in transaction systems.
• Familiarity with Saudi payment ecosystem components and local banking integrations.

Regulatory Knowledge

• Practical exposure to Saudi regulatory frameworks (e.g., SAMA).
• Familiarity with AML, KYC, and CFT requirements.
• Experience supporting compliance audits or regulatory reviews is preferred.

Technical Capability

• Strong API literacy and ability to collaborate effectively with engineering teams.
• Experience with high-availability, high-volume financial systems.
• Analytical capability to review financial data and transaction performance.

Preferred Qualifications

• Experience in real estate finance or mortgage products.
• Exposure to Sharia-compliant financing structures.
• Experience with escrow or structured settlement models.
• Arabic language proficiency.

What Success Looks Like

• Financial workflows operate with high reliability and accuracy.
• Settlement and reconciliation processes require minimal manual intervention.
• Banking integrations are stable and scalable.
• Regulatory compliance is embedded within product design.
• Financial transaction systems support operational growth without compromising control.