Job Brief
\nTo process application for designation and licensing of payment services providers, undertake detailed evaluation of applications, and submission to the Licensing and Designations Committee.
\nPublished On: \u00a027 February 2026\u00a0
\nClosing Date: 12 March 2026\u00a0
\nMerchant Services & Payment Systems
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\nThe Bank of Zambia, an equal opportunity employer, invites applications from suitably qualified and experienced Zambians for the following vacant positions:
\nASSISTANT MANAGER \u2013 PAYMENT SYSTEMS DESIGNATIONS (1 POST)
\nGRADE: BoZM5
\nJob Purpose
\nTo process application for designation and licensing of payment services providers, undertake detailed evaluation of applications, and submission to the Licensing and Designations Committee, and to assess new product applications from existing payment services providers in line with \u00a0National Payment Systems Act.
\nMain Accountabilities<\/p>\n
Facilitate for engagement meetings with prospective payment system license applicants to provide appropriate guidance aimed at reducing the turnaround time for evaluating designation applicants and comply with the regulatory provisions;
\nReceiving designation and licensing applications for payment services in accordance with he National Payment Systems Act and evaluating them in accordance with the designation manual and requirements;
\nDevelop and review designation requirements, checklists and manuals;
\nProvide analysis on legal and policy framework on the prospective institution\u2019s systems and instruments for designation;
\nDraft and vet the various contracts required in the payment Systems businesses that have applied for designation to ensure they are sufficient safeguards for dispute resolution \u00a0 between the affected parties;
\nCarry out risk assessment and propose alternative measures to mitigate risks involved in potential payment systems and instrument that are to be designated;
\nPrepare the designation evaluation reports for review and presentation to the Licensing and Designations Committee;
\nEvaluate new product or service applications from existing designated entities that wish to introduce new products or services;
\nConduct orderly restructuring or winding up of payment service providers to ensure smooth functioning of the National Payment System;
\nFacilitate for annual license renewal of all designated entities and enforce compliance; and
\nConduct any other task as required by superiors to achieve the overall objectives of the Bank of Zambia.<\/p>\n
Qualifications and Experience<\/p>\n
Bachelor of Arts (BA)\/Bachelor of Science (BSc) (in business administration, economics, finance, banking, ICT, or law) or ACCA\/CIMA\/ACA\/CIOB
\nGrade 12 School Certificate with a minimum of five (5) \u2018O\u2019 levels (credit or better)
\nThree (3) years\u2019 relevant experience<\/p>\n
Key Knowledge and Attributes<\/p>\n
Knowledge in economics, banking, ICT, law, finance or business administration knowledge.
\nStrong analysis and writing abilities.
\nExperience in relevant field and reputable organization.
\nMust have sound knowledge and understanding of payments systems.
\nAbility to work well in a team, share technical knowledge and experience
\nGood knowledge and research experience
\nExcellent interpersonal, networking and\u00a0\u00a0communication skills
\nProven problem-solving skills<\/p>\n
CONDITIONS OF SERVICE
\nBank of Zambia Conditions of Service will apply.
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