Deputy / Assistant Director, Payments Policy Division (Contract)

6 days ago

Central Region, Singapore Monetary Authority of Singapore (MAS) Full time $150,000 - $250,000 per year

What the role is

You will be part of a team responsible for the supervision of payment system operators (PSOs), as well as formulating and reviewing the policies pertaining to the regulation of PSOs.

What you will be working on

In this role, you will assess the business operations and risk management practices of PSOs, monitor their compliance with relevant regulations (such as Payment Services Act, Finality and Netting Act), consider their implications on the payments ecosystem and the broader financial system, and calibrate the regulatory framework to facilitate innovation and manage risks through a considered and balanced approach.

You will work closely with colleagues in other MAS functions (such as banking supervision, market development), engage with industry, as well as support MAS' participation in international fora.

What we are looking for

  • Experience in financial supervision, risk management, compliance, audit or operations in a financial institution
  • Possesses flexibility of perspective, able to scrutinise and analyse operational and technical issues, while also being able to form a view of underlying patterns and tease out broader concerns
  • Ability to think critically about issues on multiple dimensions as a practical and balanced supervisor
  • Ability to consider creative permutations and possibilities to formulate robust and forward-looking policies
  • Able to condense and convey ideas in a clear manner, whether written or oral
  • Intellectually inspired by the prospects of laying the groundwork and tending to the critical infrastructure of a global financial centre

As part of the shortlisting process for this role, you may be required to complete a medical declaration and/or undergo further assessment. This is a 2-year contract, with the option to renew for another 2 years. All applicants will be notified on whether they are shortlisted or not within 4 weeks of the closing date of this job posting.

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