Deputy Director, Payments Department, Payments

The Monetary Authority of Singapore (MAS) is Singapore’s central bank and integrated financial regulator.

As central bank, MAS promotes sustained, non-inflationary economic growth through the conduct of monetary policy and close macroeconomic surveillance and analysis. It manages Singapore’s exchange rate, official foreign reserves, and liquidity in the banking sector.

As an integrated financial supervisor, MAS fosters a sound financial services sector through its prudential oversight of all financial institutions in Singapore - banks, insurers, capital market intermediaries, financial advisors, and stock exchanges. It is also responsible for well-functioning financial markets, sound conduct, and investor education.

MAS also works with the financial industry to promote Singapore as a dynamic international financial centre. It facilitates the development of infrastructure, adoption of technology, and upgrading of skills in the financial industry.

Join us now, if you have a genuine interest in making an impact to help shape Singapore’s economic and financial landscape.

Deputy Director, Payments Department, Payments Policy Division

[What You Will Be Working On]

Singapore’s payments industry is evolving rapidly with diverse set of players from remittance agents to digital payment token service providers. With the vibrant development of the industry, you will join a dynamic team which is responsible for reviewing and formulating the regulatory policies relating to payment institutions and payment services. You will play an important role in shaping the regulatory regime for the industry, balancing the objectives of managing risks while facilitating innovation.

You will work closely with other relevant MAS departments and interact regularly with the industry to address policy concerns, initiate reviews, and follow through with legislative changes as necessary. You will also be responsible to monitor global developments with the aim of enhancing our regulatory policies and practices as relevant.

[What We Are Looking For]
- Confident, independent individual who thrives in a fluid environment
- Keen interest in shaping the payments regulatory landscape through regulatory and policy formulation
- Enjoy thinking critically and rigorously about problems and formulate effective and practical solutions
- Capacity to analyse strategically and synthesize cross-cutting implications from diverse sources
- Strong written and oral communication skills
- High degree of self-motivation and initiative
- Ability to develop working relationships inside and outside of the department
- At least 7 years of working experience. Those with experience in regulatory, risk management or compliance-related roles in financial services will be prioritised
- You will be working in a fast-paced environment that would require the ability to manage multiple priorities and needs of stakeholders, as well as the agility to respond to changes and developments.
- As part of the shortlisting process for this role, you may be required to complete a medical declaration and/or undergo further assessment.
- All applicants will be notified on whether they are shortlisted or not within 4 weeks of the closing date of this job posting