Job Brief

To process application for designation and licensing of payment services providers, undertake detailed evaluation of applications, and submission to the Licensing and Designations Committee.

Published On:  27 February 2026 
Closing Date: 12 March 2026 

                                                                                                      EMPLOYMENT OPPORTUNITY

The Bank of Zambia, an equal opportunity employer, invites applications from suitably qualified and experienced Zambians for the following vacant positions:

ASSISTANT MANAGER – PAYMENT SYSTEMS DESIGNATIONS (1 POST)
GRADE: BoZM5

Job Purpose

To 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  National Payment Systems Act.

Main Accountabilities

• 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;
• Receiving 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;
• Develop and review designation requirements, checklists and manuals;
• Provide analysis on legal and policy framework on the prospective institution’s systems and instruments for designation;
• Draft 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   between the affected parties;
• Carry out risk assessment and propose alternative measures to mitigate risks involved in potential payment systems and instrument that are to be designated;
• Prepare the designation evaluation reports for review and presentation to the Licensing and Designations Committee;
• Evaluate new product or service applications from existing designated entities that wish to introduce new products or services;
• Conduct orderly restructuring or winding up of payment service providers to ensure smooth functioning of the National Payment System;
• Facilitate for annual license renewal of all designated entities and enforce compliance; and
• Conduct any other task as required by superiors to achieve the overall objectives of the Bank of Zambia.

Qualifications and Experience

• Bachelor of Arts (BA)/Bachelor of Science (BSc) (in business administration, economics, finance, banking, ICT, or law) or ACCA/CIMA/ACA/CIOB
• Grade 12 School Certificate with a minimum of five (5) ‘O’ levels (credit or better)
• Three (3) years’ relevant experience

Key Knowledge and Attributes

• Knowledge in economics, banking, ICT, law, finance or business administration knowledge.
• Strong analysis and writing abilities.
• Experience in relevant field and reputable organization.
• Must have sound knowledge and understanding of payments systems.
• Ability to work well in a team, share technical knowledge and experience
• Good knowledge and research experience
• Excellent interpersonal, networking and  communication skills
• Proven problem-solving skills

CONDITIONS OF SERVICE

Bank of Zambia Conditions of Service will apply.