Deputy/ Assistant Director, Payments Development (Policy)

Monetary Authority of Singapore; Singapore; On-site; SGD 70,000 - 100,000; Full time

Job summary

A key financial authority in Singapore is seeking a professional to lead initiatives in digital payments and enhance Singapore's payment infrastructure. The ideal candidate will have strong strategic thinking abilities and a deep understanding of the global payments landscape. Responsibilities include collaboration with financial institutions and policy development. This position offers an opportunity to shape the future of Singapore as a financial center.

Qualifications

• Good strategic thinking grounded in current facts.
• Strong analytical skills to synthesize diverse information.
• Excellent interpersonal skills to influence stakeholders.
• Solid understanding of global payment trends.
• Strong verbal and written communication abilities.
• Motivated team player with interest in financial growth.

Responsibilities

• Collaborate with financial institutions and technology firms.
• Develop policies for better governance in cross-border payments.
• Conduct reviews to identify value in payments.
• Craft strategies for MAS’ payments roadmap.

Skills

Strategic thinking

Analytical competence

Interpersonal skills

Understanding of payment trends

Verbal and written communication

Team player

Job description

What the role is:

You will be part of a dynamic team that spearheads market development initiatives to grow Singapore as a leading global centre for digital payments and to build the financial ecosystem of the future. You will formulate policies and strategies to architect the desired future state of Singapore’s payment infrastructure and build a vibrant payments ecosystem that meets market participants’ demands in the future state of payments (e.g. data-rich payment services, high-volume atomic settlement of transactions via tokenisation, smart contract/AI-based transactions, interoperability between traditional rails and digital asset rails).

What you will be working on:

Your work will include:

• Collaborating and building strategic relationships with financial institutions, key corporates in target sectors, technology firms and foreign regulators, to understand growth drivers and opportunities in the payments sector; and develop enabling policies and initiatives for Singapore to ride these
• Developing and refining policies and frameworks for better governance and risk management of our cross-border linkages
• Undertake holistic cross-sectoral reviews to identify where incremental value-add can be unlocked in the cross-border payments landscape, and design interventions to unlock these
• Crafting medium to longer-term strategies for the next phase of MAS’ payments roadmap – crystallising our vision for Singapore’s position as a payments and digital asset hub

What we are looking for:

• Good strategic thinking, with realistic views. Grounded in current facts, while able to see possibilities
• Strong analytical competence with the capacity to synthesise value from diverse, rapidly-changing sources
• Strong interpersonal skills and able to positively influence internal and external stakeholders
• Strong understanding of trends and developments in the global payments landscape
• Strong verbal and written communication skills
• A good team player who is proactive and motivated, with keen interest in growing Singapore as a financial centre
• Background in technology will be an advantage

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.

About Monetary Authority of Singapore

MAS is the central bank of Singapore. Our mission is to promote sustained non-inflationary economic growth, and a sound and progressive financial centre.