Payments – Architect (Techno Functional)

Job title: Payments – Architect (Techno Functional)

Company: Luxoft


Job description: Project descriptionA bank in UAE is embarking on a transformative Payment Hub Program to enhance its payment processing capabilities, ensure compliance with regulatory mandates like ISO20022, and support multi-country, multi-scheme workflows across Corporate, Retail, and Operational domains. To achieve seamless execution, the bank is seeking vendor expertise to establish robust program management and governance frameworks while designing and managing a scalable, secure, and complaint architecture that integrates with existing systems and supports future growth.Responsibilities

• Build a robust, scalable, future ready, target state and compliant architecture that integrates seamlessly with the bank’s ecosystem and supports multi-scheme payment workflows Technical Architecture:
• Establish seamless integration with existing systems (e.g., core banking, middleware, reconciliation tools) and external applications.
• Ensure high performance, scalability, and fault tolerance for the Payment Hub platform.
• Implement robust security controls to protect sensitive data during processing and storage.
• Design and manage a hybrid infrastructure that supports on-premises systems for production and cloud environments for non-production phases (e.g., SIT, UAT).
• Design APIs and microservices to ensure modularity, flexibility, and easier maintenance across integration points. Functional Architecture:
• Align architecture with regulatory standards, such as ISO20022 and central bank guidelines.
• Ensure functionality supports Corporate, Retail, and Operations needs, including multi -scheme payment workflows.
• Develop reusable components for future scheme rollouts to reduce time-to-market.
• Enable dynamic rule-based workflows to adapt quickly to new payment schemes and regulatory changes. Enable dynamic rule-based workflows to adapt quickly to new payment schemes and regulatory changes. Collaboration and Stakeholder Engagement:
• Work closely with domain squads and platform squads to design and validate workflows and interface points.
• Conduct workshops and deep-dive sessions to align the architecture with business priorities. Documentation and Compliance:
• Provide detailed architectural documentation, including: o Functional requirements. o Integration designs and workflows. o System scalability and performance guidelines.
• Conduct regular reviews of architecture for compliance with internal and external standards.

SKILLSMust have

• MUST HAVE: – At least 8 years of professional experience prior experience of as an architect implementing large programs in Central Bank/ Regulatory payments area.
• Experience of Payment Hub implementation and knowledge of Central Bank UAE payments scheme will be preferred.
• Experience of working in large organization and collaborating with multiple entities/ department and managing sr. stake holders
• Flexible to travel to bank’s international location, if needed
• Experience in reviewing the technical product / services contract and working with procurement and legal for closure and alignment

Nice to have– understanding/ experience of the following payment platforms/ Schemes: SWIFT, MUREX, Smart Stream (Cash Management System and Intraday Liquidity), Gloss – Experience in Banking/ FI in relation to payments standardisation, reconciliations, payments regulation, fraud, anti-money laundering, financial crime systems – Good understanding of the following operational areas: regulatory reporting, derivatives trade support, money market processing, bonds, collateral management, confirmations, credit control, fixed income trade support, loan participation, loan agency and settlements

Expected salary:

Location: Abu Dhabi

Job date: Sun, 09 Feb 2025 08:07:12 GMT

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