Deputy/Assistant Director, Payments Development, Scheme & Governance (Contract)

Monetary Authority of Singapore (MAS); Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

Monetary Authority of Singapore (MAS) invites applications for a role shaping the next generation of digital payment solutions and governance of national schemes to anchor Singapore as a global payments hub.

You will collaborate with payments ecosystem stakeholders to co-create strategies, refine policies, and oversee end-to-end development of projects like PayNow and SGQR, ensuring resilience and secure infrastructure.

Qualifications

• Bachelor's degree in business, finance, technology or related field.
• Interest in payments and FinTech; relevant experience in financial services, public policy and payments regulations advantageous.
• Knowledge of payment systems and banking trends would be helpful.

Responsibilities

• Drive and govern national payment projects and initiatives with stakeholders across financial institutions, associations and industry players.
• Develop and refine policies and frameworks for governance and risk management of national payment schemes.
• Oversee end-to-end development from problem identification to design, solutioning, implementation and industry rollout.

Skills

Stakeholder management

Communication skills

Analytical thinking

Problem solving

Team collaboration

Education

Bachelor's degree in business/finance/tech

Job description

What the role is

You will be part of a dynamic team that will drive the next generation of digital payment solutions and enhancement to Singapore’s national payment schemes to anchor Singapore’s position as a global payments hub, through policy and scheme governance and infrastructure projects with the industry.

What you will be working on

• Work closely with payments ecosystem stakeholders to co-create payment strategies and enhance national payment infrastructure such as PayNow, SGQR, eGIRO, including overseeing the end-to-end development from problem identification, to design and solutioning and implementation and industry roll out;


• Develop and refine relevant policies and frameworks for better governance and risk management of our national payment schemes, as well as ongoing administration and management of the payment schemes;


• Drive national payment project and initiatives, while collaborating and building strategic relationships with financial institutions, associations and key industry players; to ensure their current resilience and capacity to enable market participant to capture opportunities in the payment landscape of the future;


• Analyse key trends driving payments innovation, cross-border payments, understand governance models and investments in payments infrastructures made by other countries, and derive lessons for Singapore;


• Develop comprehensive project plans, timelines, and milestones for successful implementation of project, including managing expectations and building trust and shared objectives between different stakeholder groups.

What we are looking for

Education and Qualifications

• Bachelor’s degree in a business, finance, technology or related field

Experience

• Keen interest in payments and FinTech sector


• Relevant experience in financial services, public policy and payments regulations will be advantageous

Knowledge and Skills

• Strong understanding of payment systems, local and global payments landscape, financial technology and infrastructure, and banking industry trends would be an advantage


• Effective communication skills and stakeholder management skills, with the ability to positively influence across all levels of internal and external stakeholders


• Strong verbal and written communication skills


• Strong analytical and problem-solving skills

Attributes

• A good team player who is highly proactive and self-motivated, with strong learning propensity on the payment industry and keen interest in growing Singapore as a financial centre


• Strong interpersonal skills, easily connects with people


• Ability to work both independently and collaboratively within in larger team

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. This is a 2-year contract. All applicants will be notified on whether they are shortlisted or not within 4 weeks of the closing date of this job posting.