Job Description
Join the Monetary Authority of Singapore (MAS) as a Deputy/Assistant Director in the Payments Department, where you will play a pivotal role in supervising payment institutions and shaping the nation’s e-payment landscape. This is a diverse, fast-paced role that offers a unique opportunity to influence regulatory frameworks, drive innovation, and ensure financial stability in Singapore’s dynamic payments ecosystem.
As a senior leader in the department, you will collaborate with cross-functional teams, industry stakeholders, and international counterparts to develop policies that foster a secure, efficient, and inclusive digital payments environment. You will oversee compliance assessments, risk management initiatives, and strategic projects that enhance Singapore’s position as a global fintech hub. If you are passionate about financial regulation, digital transformation, and making a tangible impact, this contract role is your chance to contribute to MAS’s mission.
Responsibilities
- Oversee the licensing, supervision, and regulation of payment service providers under the Payment Services Act.
- Develop and implement policies to promote the adoption of secure and innovative e-payment solutions.
- Conduct risk assessments and on-site inspections to ensure compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) requirements.
- Lead industry engagement initiatives to gather feedback and shape regulatory frameworks for emerging payment technologies.
- Collaborate with internal teams and external agencies to coordinate cross-sectoral payment system reforms.
- Prepare analytical reports, policy papers, and board-level presentations on payment trends and supervisory outcomes.
- Mentor junior staff and contribute to capability-building within the Payments Department.
- Represent MAS at domestic and international forums to advocate for Singapore’s payment system priorities.
Qualifications
- Degree in Finance, Economics, Law, Business, or a related field; postgraduate qualifications (e.g., CFA, CPA, LLM) are advantageous.
- At least 8–10 years of relevant experience in financial regulation, payment systems, or fintech, including 3+ years in a supervisory or managerial role.
- Strong understanding of the Payment Services Act, AML/CTF regulations, and e-payment frameworks in Singapore.
- Excellent analytical and problem-solving skills, with the ability to interpret complex regulatory and financial data.
- Demonstrated leadership and stakeholder management capabilities, with experience engaging senior industry leaders and government agencies.
- Proven track record in policy development, project management, and driving cross-functional initiatives.
- Strong written and verbal communication skills, including experience drafting regulatory guidelines and presenting to diverse audiences.
- Familiarity with emerging payment technologies (e.g., digital currencies, open banking, real-time payments) is a plus.