Senior Product Manager - Payments & Banking

Soar Software Development Company

Key Responsibilities

1. Product Strategy & Ownership

• Define and own the roadmap for financing and financial transaction systems.
• Align product initiatives with regulatory requirements and operational objectives.
• Establish and monitor KPIs related to transaction reliability, reconciliation accuracy, disbursement precision, and operational efficiency.
• Ensure balance between compliance, risk controls, customer experience, and scalability.

2. Lending & Financing Lifecycle

• Own the product lifecycle across application, eligibility, offer generation, contracting, disbursement, installment management, settlement, and closure.
• Ensure accurate amortization schedules and financial calculations.
• Oversee implementation of cooling-off periods, early settlement logic, and structured repayment models.
• Ensure asset-linked contract integrity in Sharia-compliant financing structures.
• Coordinate insurance-triggered and exception-handling flows where applicable.

3. Payments & Settlement Systems

• Lead development of bank transfer integrations and local payment rails.
• Oversee card payment integrations (e.g., Mada, Visa, Mastercard).
• Define refund, reversal, dispute, and reconciliation workflows.
• Ensure accurate ledger entries, settlement logic, and payout mechanisms.
• Improve payment success rates and minimize reconciliation gaps.

4. Banking & Infrastructure Integrations

• Own product integrations with local Saudi banks, payment service providers, and relevant financial infrastructure entities.
• Define API requirements, SLAs, monitoring standards, and resiliency mechanisms.
• Collaborate with external partners to ensure stable and compliant integrations.

5. Regulatory & Compliance

• Ensure all financial workflows comply with Saudi regulatory requirements, including SAMA frameworks and applicable AML/CFT and KYC obligations.
• Embed regulatory controls into system design and product workflows.
• Support audits, regulatory reporting, and sandbox requirements where applicable.
• Partner with Risk, Compliance, and Legal teams to ensure ongoing alignment.

6. Risk & Controls

• Define transaction limits, monitoring thresholds, and fraud mitigation mechanisms.
• Balance risk management with conversion and operational efficiency.
• Support suspicious activity detection and transaction monitoring processes.

7. Execution & Delivery

• Translate business and regulatory requirements into structured PRDs, epics, and user stories.
• Work closely with engineering on system architecture, financial logic, and scalability.
• Oversee testing strategies for high-risk financial releases.
• Drive cross-functional alignment across product, engineering, operations, risk, and compliance.