Banking Executive / Expert

Central Bank of Oman is seeking to recruit competent, committed, self-motivated and enthusiastic candidate to work as Banking Executive / Expert Overall, Purpose of the Position: Responsible for assisting in discharging regulatory and supervisory role of the Central Bank of Oman under the Banking Law, National Payment System Law and other relevant laws and regulations. Key Duties and Tasks: • ❖Formulating and reviewing of the rules & regulations, including recommendations for amending the Banking Law and National Payment System Law as and when necessary and in line with best international practices • Reviewing laws pertaining to Finance & Leasing Companies, Money Exchange Establishments and Payment System Providers as well as the issuance of regulatory instructions circular letters • Undertaking initiatives for further development of a sound, integrated and innovative banking and financial sector. • Developing suitable policies & regulations for an efficient, safe and secured payment and settlement systems and growth of ‘Payment Service Providers’. • Formulating policies pertaining to conventional banking sector and non-banking financial institutions, in line with best international practices (e.g. Capital requirements, Licensing, Reserve requirements, Interest Rates, Capital Deposits, all Prudential Limits, etc.). • Aligning regulatory framework with international standards for conventional banking such as those issued by BCBS (BASEL), IFRS, FSB and others. • Coordinating the implementation of CBO’s strategies and Financial Sector Development Plans and initiatives. • Preparing studies/ researches pertaining to improvement of financial inclusion, development of priority sectors and promoting sustainable finance practices. • Maintaining liaison with relevant government agencies, domestic, regional and international bodies in connection with and for the purpose of discharging their responsibilities. • Providing feedback to domestic, regional and international standard setting bodies on draft standards, technical notes and working papers. • Preparing, reviewing and updating Fintech and new age-related Regulations in Liaison with other relevant stakeholders and the market. • Collaboration with international and regional organizations such as IMF, World Bank, Arab Monetary Fund, GCC Secretariat for the development of the banking and financial sector. • Drafting detailed briefing for the executive management and participation in international meetings organized by FSB, IMF, World Bank, GCC Central Banks, AMF and others international standard setting bodies. • Aligning regulatory framework with International tax requirements such as US Foreign Account Tax Compliance Act (FATCA), EU Common Reporting Standard (CRS) etc. • Evaluating and formulating regulatory measures in response to market dynamics. • Providing training and assistance to peer employees were deemed necessary. • Joint studies on Banking / Non-banks and areas of interest in the financial sector. • Conduct feasibility studies on establishment of new banking/non-banking institutions, viability, potential risks, and prospective financial outcomes. • Evaluating the requests for establishment of new commercial banks including Islamic Banking Entities, specialized banks, Finance and Leasing Companies, Money Exchange Establishments, Payment Service Providers and other related financial institutions. • Evaluating requests for establishment of overseas branches & representative offices. • Processing of proposals from banks and non-banks for establishment of new branches and other outlets. • Assessing the requests of licensed banks for undertaking Investment Banking Activities. • Assessing and delivering detailed reports to the Executive Management on matters arising from reconstitution (change in shareholding), merger, consolidation, takeover, liquidation and dissolution of banks and non-banks. • Providing operational oversight assistance on review and compliance of banking-related issues. • Reviewing of existing policies, systems, processes & procedures from regulatory perspective. • Correspondence with licensed financial institutions on matters related to their activities, processing their queries for response and providing necessary guidance, whenever required. • Preparing inputs for other relevant Departments e.g. Examination of licensed institutions, participation in exit meeting of Examination and participation in rating panel meetings. • Joint studies on Banking / Non-banks and areas of interest related to the financial sector. Minimum Qualification: A Graduate / Post Graduate degree in Economics, Commerce or professional qualifications in Accounting or Finance. Desirable Qualifications: Additional professional qualifications in banking and finance from an accredited institution. Minimum Experience: 10 years of relevant experience of banking/related field and regulatory/supervisory aspects. Please Submit your application before 7th Oct 2026. Show more Show less

Formulating and reviewing rules & regulations, including recommendations for amending the Banking Law and National Payment System Law; reviewing laws pertaining to Finance & Leasing Companies, Money Exchange Establishments and Payment System Providers; developing policies & regulations for payment and settlement systems and growth of Payment Service Providers; aligning regulatory framework with international standards (BCBS Basel, IFRS, FSB); coordinating implementation of strategies and Financial Sector Development Plans; preparing studies on financial inclusion and sustainable finance; maintaining liaison with government agencies and international bodies; providing feedback to standard setting bodies; drafting Fintech and new age-related regulations; collaborating with IMF/World Bank/GCC/AMF; drafting briefing for executive management; aligning with FATCA/CRS and other tax requirements; evaluating regulatory measures in response to market dynamics; providing training to peers; conducting feasibility studies for new institutions; evaluating establishment of overseas branches; processing proposals for new branches; assessing requests for investment banking activities; producing reports on bank restructurings and regulatory matters; providing operational oversight on banking-related compliance; reviewing existing policies and procedures from regulatory perspective; correspondence with licensed institutions and responding to queries.