📢 Excellent Career Opportunity at State Bank of Pakistan Subsidiary | Chief Technology Officer — Executive Leadership Role | 3-Year Renewable Contract | Competitive Market-Based Compensation | Based at Karachi | Apply by June 01, 2026
📋 About Raast Payments Pakistan & the CTO Position
The State Bank of Pakistan (SBP), the nation's central bank, has announced an excellent career opportunity through its wholly owned subsidiary — Raast Payments Pakistan Pvt. Ltd. (RPP). RPP is seeking talented and energetic candidates for the position of Chief Technology Officer (CTO), an executive leadership role based in Karachi.
Raast Payments Pakistan was established by SBP to oversee the operations, development, and governance of Raast — Pakistan's Instant Payment System. Since its launch, Raast has become a core component of Pakistan's digital payments infrastructure, processing over 107 million transactions worth more than PKR 2 trillion in a single quarter, with approximately 35 million Raast IDs registered. The CTO will be responsible for defining and executing Raast Payments Pakistan's technology vision and leading enterprise architecture, product design and development, quality assurance, automation, and technology partnerships to deliver resilient, customer-centric digital payment solutions.
This is not a mid-level position — it is an executive leadership role that reports to senior management and carries responsibility for the entire technology stack of Pakistan's national digital payment infrastructure. The initial appointment is for a term of three years, renewable subject to satisfactory performance and mutual agreement.
💼 Role Summary — Chief Technology Officer
The Chief Technology Officer is responsible for defining and executing Raast Payments Pakistan's technology vision and leading enterprise architecture, product design and development, quality assurance, automation, and technology partnerships to deliver resilient, customer-centric digital payment solutions.
Key Responsibilities
- Lead and govern IT strategic and operational planning to support RPP's business objectives, digital financial services agenda, and SBP regulatory requirements.
- Drive new product and feature development by translating business needs into secure, scalable, and secure-by-design technology solutions.
- Establish and govern enterprise architecture to ensure system interoperability, high availability, future scalability, and alignment with international best practices.
- Oversee quality assurance frameworks, testing strategies, and release management to ensure reliability, performance, and compliance of all technology deployments.
- Define and implement infrastructure and cloud strategy (where applicable), including capacity planning, performance optimization, and cost-effective scaling of mission-critical systems.
- Drive CI/CD automation, DevOps practices, and sandboxing environments to support rapid innovation, participant testing, and controlled production releases.
- Develop and maintain technical standards, guidelines, and documentation for internal teams and ecosystem participants in coordination with SBP policies.
- Oversee vendor selection, contract management, and performance of technology partners, ensuring delivery against SLAs and regulatory expectations.
- Provide strategic oversight and governance of IT operations in coordination with operations and security teams to ensure 24x7 availability and incident readiness.
- Perform any additional tasks assigned by senior management as needed.
✅ Eligibility Criteria — Detailed Breakdown
The CTO position has specific, non-negotiable eligibility requirements. Candidates must meet all mandatory criteria to be considered:
Education
- Mandatory: 16 years of education (Bachelors/Masters) from HEC recognized institutions or from a reputable foreign university in Computer Science, Software Engineering, Telecom Engineering, Electrical Engineering, Information Technology, Business Administration or related discipline.
- Preferred: Additional post-graduate degrees will be preferred. Relevant professional certifications will be an added advantage.
Age
- Maximum 56 years, as on the date of the advertisement. There is no mention of age relaxation for this executive position.
Experience
- Mandatory: Minimum 12 years of progressive experience in technology-related roles with at least 5 years in a senior executive or leadership capacity preferably within financial services, digital payments, or fintech sectors.
- Preferred: Preference will be given to candidates possessing hands-on experience with large-scale IT platforms and managing multi-vendor ecosystems and large technology budgets.
💰 Compensation & Benefits
- Competitive market-based compensation package backed by attractive salary and well-rounded benefits structure as per the Organization's rules.
- As an SBP subsidiary, RPP offers compensation that is competitive with the financial services and fintech sectors in Pakistan.
- The benefits structure includes health coverage, retirement benefits, and other perks as per organizational policy.
📅 Term of Appointment
- The initial appointment will be for a term of three (3) years, renewable subject to satisfactory performance and mutual agreement.
- The appointment may, however, be terminated earlier in accordance with the terms and conditions of the employment contract.
🪜 How to Apply — Step-by-Step Online Process
Applications are online only. Paper applications, hand-delivered documents, or email submissions are not accepted. Follow these steps:
Step 1: Visit the Official SBP Career Portal
Go to https://career.sbp.org.pk/login. This is the only official portal for applications. Do not use any third-party website or agent.
Step 2: Create an Account or Log In
If you are a new user, register on the portal with your email address and create a password. If you already have an account from a previous application, log in with your existing credentials.
Step 3: Find the CTO Position
Locate the Chief Technology Officer — Raast Payments Pakistan Pvt. Ltd. position in the list of available vacancies. Read the complete job description and eligibility criteria carefully before applying.
Step 4: Complete the Online Application Form
Fill in all required fields: personal details, educational qualifications, professional experience (with specific emphasis on the 12+ years of technology experience and 5+ years in senior leadership), certifications, and contact information. Be completely accurate — any misinformation will lead to disqualification.
Step 5: Upload Required Documents
Upload clear scanned copies of your CV, academic transcripts, degree certificates, professional certifications, CNIC, and a recent passport-sized photograph. Ensure all documents are complete and legible.
Step 6: Review and Submit Before June 01, 2026
Review your entire application for accuracy. Submit before the deadline. Applications which are not in accordance with defined requirements in the advertisement will not be entertained.
Step 7: Await Shortlisting
Only shortlisted candidates will be contacted for the next stage of the selection process.
⚠️ Important Points to Remember
- This is an Executive Leadership Role: The CTO position is not a mid-level or entry-level job. It requires a minimum of 12 years of progressive technology experience with at least 5 years in senior executive or leadership roles. Only candidates who meet this threshold should apply.
- Raast Payments Pakistan is an SBP Subsidiary: While the position is with RPP, the application is processed through the SBP career portal. The work environment and compensation structure are aligned with the State Bank of Pakistan ecosystem.
- Online Applications Only: Applications sent by post, courier, email, or hand-delivered are NOT accepted.
- Only Shortlisted Candidates Contacted: If you do not hear back after applying, your application was not shortlisted. RPP does not provide individual feedback on unsuccessful applications.
- Equal Opportunity Employer: Females, candidates from minorities, transgender persons, and persons with disability are encouraged to apply.
- Misinformation Leads to Disqualification: Any candidate who misinforms, attempts to influence the recruitment process, tries to obtain support by inappropriate means, or tampers with evidence of age, educational, or other certificates shall be disqualified from the current and any future recruitment process at RPP — even if the candidate is otherwise eligible.
- Application Must Match Requirements: Applications which are not in accordance with defined requirements in the advertisement will not be entertained. Carefully review all criteria before applying.
💡 Tips for CTO Applicants — Original Advice
- Emphasize Financial Services and Digital Payments Experience: The advertisement explicitly prefers candidates with experience in financial services, digital payments, or fintech. If you have led technology teams in banking, payment processing, mobile wallets, or fintech startups, make this prominently visible in your CV and application.
- Quantify Your Achievements: The role involves managing large-scale IT platforms, multi-vendor ecosystems, and large technology budgets. In your CV, use specific numbers — the size of teams you have led, the transaction volumes your systems have handled, the budgets you have managed, and the uptime metrics you have achieved. "Managed a team of 50+ engineers supporting a platform processing 10 million transactions daily" is far more compelling than "Led engineering team."
- Highlight Enterprise Architecture and Cloud Experience: The CTO is expected to establish and govern enterprise architecture and define cloud strategy. If you have experience with cloud migration, hybrid cloud architectures, microservices, or API-driven platforms, detail this experience. Mention specific cloud platforms (AWS, Azure, GCP) and architecture frameworks (TOGAF, Zachman) you have worked with.
- Demonstrate Knowledge of Pakistan's Digital Payments Landscape: Raast is Pakistan's national instant payment system. Familiarize yourself with Raast's architecture, its role in financial inclusion, its transaction volumes, and its future roadmap. Mentioning this knowledge in a cover letter or interview demonstrates genuine interest and preparation.
- Submit a Complete Application: The advertisement explicitly states that applications not in accordance with defined requirements will not be entertained. Double-check that every required field is filled, every required document is uploaded, and your application aligns with all stated criteria before submitting.
- Apply Early: Do not wait until the last day. The SBP portal may experience heavy traffic near the deadline. Submit at least a week before June 01, 2026.
❓ Frequently Asked Questions (FAQs)
- Q: Who is hiring for this CTO position?
A: Raast Payments Pakistan Pvt. Ltd. (RPP), a wholly owned subsidiary of the State Bank of Pakistan (SBP), is hiring the Chief Technology Officer. - Q: What is the minimum experience required?
A: Minimum 12 years of progressive experience in technology-related roles, with at least 5 years in a senior executive or leadership capacity. - Q: What is the maximum age limit?
A: Maximum 56 years as of the date of the advertisement. - Q: What is the contract duration?
A: The initial appointment is for 3 years, renewable subject to satisfactory performance and mutual agreement. - Q: Where is the position based?
A: The position is based in Karachi. - Q: What is the application deadline?
A: The last date to apply is June 01, 2026. - Q: How do I apply?
A: Submit your application online at https://career.sbp.org.pk/login. Only online applications are accepted. - Q: Is there an application fee?
A: The advertisement does not mention an application fee. Only apply through the official SBP career portal.
📢 Ready to lead the technology vision for Pakistan's national digital payment infrastructure? Apply online now at https://career.sbp.org.pk/login before June 01, 2026. This is a rare executive leadership opportunity at an SBP subsidiary — competitive compensation, a 3-year renewable contract, and the chance to shape the future of digital payments in Pakistan. Only shortlisted candidates will be contacted. Equal opportunity employer.
💼 Apply Now — SBP Career Portal 📝 View Official Advertisement