Deputy/ Assistant Director, Payments Department (Contract)

Government Technology Agency (GovTech); Singapore; On-site; SGD 67,000 - 100,000; Full time

Job summary

Government Technology Agency (GovTech) in Singapore seeks a regulatory professional to supervise payment institutions under the Payment Services Act. You will engage with industry players, review regulatory policy, and support the evolution of Singapore’s e‑payments landscape.

The role sits within the Payments Supervision Division of the Singapore Public Service, offering exposure to high‑impact regulatory work and cross‑agency collaboration. Two-year contract with opportunities for growth.

Qualifications

• Must have strong interest in the payments sector.
• 3–15 years’ experience in compliance, audit, legal or financial services advisory.
• Familiar with legislative review and drafting processes.

Responsibilities

• Perform on-site and off-site supervision of payment institutions under the Payment Services Act.
• Review legislative requirements and policy intent of the Payment Services Act for new business models.
• Engage industry players to discuss regulatory and legal issues and assess need for legislative change.

Skills

Payments sector interest

Regulatory/compliance experience

Legislative review/drafting

Written and verbal communication

Adaptable self-starter

Job description

What the role is

Singapore’s payments industry is evolving rapidly with diverse set of players from remittance agents to digital payment token service providers. In addition, the introduction of the Payment Services Act also presents new opportunities for a vibrant and competitive payment landscape, while addressing new risks and challenges that lie ahead. As new payment services and models are introduced in tandem with developments and innovations in FinTech, you will be at the forefront of ensuring that these payment service providers operate in a way that promotes Singapore as an e-payment society in our drive towards a sound and progressive financial centre.

What you will be working on

You will be part of a dynamic team within the Payments Supervision Division that supervises payment institutions under the Payment Services Act. Among other things, you will be involved in: Performing on-site and off-site supervision of payment institutions across the full spectrum of regulated payment services including e-money services, money transfer services and digital payment token services; Reviewing the legislative requirements and policy intent of the Payment Services Act in relation to new business models; Engaging key industry players to discuss regulatory and legal issues, and assess need for legislative change.

What we are looking for

• Strong interest in the payments sector
• 3-15 years’ experience in related areas such as compliance, audit, legal or financial services advisory
• Strong familiarity with legislative review and drafting processes
• Strong written and verbal communication skills, as well as analytical skills to understand new business models
• Adaptable and versatile self-starter who is able to work well in both team and individual settings

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.

This is a 2-year contract position. 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. http://jobs.careers.gov.sg

The Singapore Public Service plays a key role in the economic growth, progress and stability of Singapore by formulating and implementing government policies, as well as providing key public services. Whether you are a fresh graduate joining the workforce or an experienced professional, the Singapore Public Service offers a great variety of job opportunities for you. The work in the Public Service can be broadly categorised into the following sectors: Economic, Social, Security & External Relations, and Administration & Corporate Development. Be part of the team that shapes the future of Singapore. Log on and take your first step towards a career that matters!