Job Overview
Principal Engineer – Digital Wallets & Embedded Finance Infrastructure
Primary Market Focus: United Arab Emirates
Engagement Type: Principal Engineering Leadership | Full-Time
Abstract
This document defines the requirements for a Principal Engineer responsible for designing and implementing a next-generation digital wallet infrastructure, supporting:
- Multi-currency storage
- Embedded financial services
- Seamless payment and transfer capabilities
Problem Statement
Existing wallet systems suffer from:
- Limited interoperability across financial networks
- Inconsistent user experience across platforms
- Scalability constraints under high transaction volumes
The proposed system must address these limitations through modular, API-driven architecture.
System Requirements
1 Functional Requirements
- Support for fiat and digital asset storage
- Peer-to-peer and merchant payments
- Integration with banking APIs and payment gateways
- Embedded finance capabilities (lending, savings, insurance APIs)
2 Non-Functional Requirements
- High availability (≥ 99.99% uptime)
- Low latency transaction processing
- Strong security and encryption standards
- Horizontal scalability
Proposed Architecture
1 Core Wallet Engine
- Account management and balance tracking
- Transaction processing and validation
- Multi-currency support
2 API Gateway
- External integrations with financial institutions
- Developer-friendly API interfaces
- Rate limiting and access control
3 Security Layer
- Encryption and key management
- Fraud detection and transaction monitoring
- Identity verification systems
4 Embedded Finance Module
- APIs for financial services integration
- Partner ecosystem enablement
- Revenue-sharing frameworks
Responsibilities
- Lead system design and implementation
- Ensure performance, scalability, and security
- Collaborate with product and compliance teams
- Drive innovation in wallet and embedded finance systems
Required Expertise
- 10–15 years in software engineering, fintech platforms, or payments systems
- Strong experience in backend systems and distributed architecture
- Knowledge of wallet systems and financial integrations
- Expertise in cloud-native development
Performance Benchmarks
- Transaction success rate
- System latency and throughput
- Security incident reduction
- API adoption by partners
Compensation
- Principal-level global engineering compensation
- Performance incentives tied to system performance
- Fully remote work model
Are you excited about this opportunity?
Don’t miss the chance to make a difference in the fintech and FX industry!
Apply now by clicking on the “Apply Now” button below.
Let’s shape the future of finance together!
#EmploySolutionJobs #FXCareers.
