Senior Product Manager Payments Solution & Cash Management

About the Role

Dar AlBalad is seeking a Senior Product Manager – Payments Solution & Cash Management to join its IT Services team. This full-time position is based in Riyadh, Saudi Arabia, and focuses on leading strategic initiatives from conception to launch within the payments and cash management domain.

Key Responsibilities

• Lead at least two strategic initiatives from idea to launch, including building business cases and financial models.
• Manage vendor selection processes (RFI/RFP), evaluations, and recommendations.
• Prepare and present proposals to senior management.
• Develop business requirements and process flows.
• Oversee delivery with IT, operations, vendors, and PMO teams.
• Lead testing, implementation, go-live, and post-launch reviews.
• Represent the business in governance, risk, and regulatory committees, including SAMA approvals.

Product and Process Improvement

• Assess products, processes, systems, controls, and customer services to identify improvement opportunities.
• Develop practical action plans to address identified gaps.
• Review and enhance work produced by other product managers.
• Introduce standard templates, best practices, and mentor team members.

Required Expertise

Candidates must demonstrate strong hands-on experience in at least two of the following areas, with good knowledge of the others:

• Corporate Cash Management & Liquidity
• Payments & Payment Rails
• Collections, POS & E-commerce Acquiring
• Cards & Digital Wallets

Saudi Market Experience

Experience working in a Saudi bank, licensed PSP, or payments company is required, with specific knowledge of:

• SAMA regulations and approval processes
• SARIE and Saudi Payments
• mada and SADAD
• ZATCA (Fatoora)
• Mudad and Nafath
• Open Banking

Industry Knowledge and Tools

A good understanding of the following is essential:

• ISO 20022, SWIFT, APIs, and payment integrations
• AML, sanctions, fraud prevention, PCI DSS, and data privacy
• Agile and Waterfall delivery methods
• Financial modelling in Excel and executive presentations in PowerPoint