Executive Development Programme PSD2 & Open Banking: Case Studies

The Executive Development Programme for PSD2 and Open Banking features in-depth case studies on the ever-evolving landscape of these regulatory frameworks. This section highlights job market trends in the UK, visually represented through a 3D pie chart. Focusing on key roles in this industry, we will discuss their respective responsibilities, salary ranges, and skill demands. 1. Product Manager: Product Managers in PSD2 and Open Banking environments are responsible for driving the development and implementation of new products and services, ensuring compliance with regulatory requirements and delivering exceptional customer experiences. The average salary range for this role is £50,000 to £80,000 in the UK. 2. Software Engineer: Software Engineers play a crucial role in building secure, scalable, and efficient systems that align with the PSD2 and Open Banking standards. Their responsibilities include designing, developing, and maintaining software solutions that meet the evolving needs of financial institutions and consumers. The average salary range for Software Engineers in this sector is £40,000 to £70,000 in the UK. 3. Data Scientist: Data Scientists are essential in the PSD2 and Open Banking ecosystem, as they leverage data-driven insights to help financial institutions make informed decisions and improve their offerings. Their responsibilities include data analysis, modeling, and visualization, as well as ensuring data privacy and security. The average salary range for Data Scientists in the UK is £45,000 to £80,000. 4. Security Analyst: Security Analysts in PSD2 and Open Banking focus on ensuring the protection of sensitive data and systems from potential threats and breaches. They are responsible for identifying, assessing, and mitigating security risks, as well as staying updated on the latest cybersecurity trends and threats. The average salary range for Security Analysts in the UK is £35,000 to £65,000. 5. Legal & Compliance Officer: Legal & Compliance Officers in this sector are responsible for ensuring that financial institutions adhere to the PSD2 and Open Banking regulations, as well as other relevant laws and guidelines. Their duties include monitoring and reporting on compliance-related matters, developing and implementing compliance policies, and liaising with regulatory authorities. The average salary range for Legal & Compliance Officers in the UK is £40,000 to £70,000.