Payments specialist

About the Role

Hastraa Arabia is seeking a Payments Specialist to join our team in Riyadh, Saudi Arabia. This full-time role requires 5-10 years of experience, with a strong background in end-to-end initiative delivery within the payments and cash management domain.

Key Responsibilities

• Lead at least two strategic initiatives from idea to launch within payments and cash management.
• Build business cases and financial models.
• Manage vendor selection processes, including RFI/RFP, evaluations, and recommendations.
• Prepare and present proposals to senior management.
• Write 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.

Gap Assessment and Team Development

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

Required Experience and Expertise

• 7 to 15 years of experience in payments and cash management.

• 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
• Mandatory experience working in a Saudi bank, licensed PSP, or payments company.

• Experience with:

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

Industry Knowledge and Tools

• Good understanding of ISO 20022, SWIFT, APIs, and payment integrations.
• Knowledge of AML, sanctions, fraud prevention, PCI DSS, and data privacy.
• Familiarity with Agile and Waterfall delivery methods.
• Proficiency in financial modeling using Excel and executive presentations using PowerPoint.

Work Environment

This is a full-time position based in Riyadh, Saudi Arabia, focusing on critical payment and cash management initiatives.