Executive Director -Payment (Singapore Office Head)

CGL Consulting Co., Ltd; Singapore; On-site; SGD 200,000 - 250,000; Full time

Job summary

A leading fintech consultancy is seeking an Executive Director for its Singapore office to drive strategic growth and compliance with payment regulations. The ideal candidate will have over 12 years of experience in financial services, including team-building capabilities and a thorough understanding of the Payment Services Act. Responsibilities include leading the Singapore entity, managing regulatory affairs, and fostering local partnerships to enhance product-market fit.

Qualifications

• 12+ years of experience in financial services or fintech, including 5 years in a senior executive role.
• Experience with compliance and regulatory guidelines under Singapore’s Payment Services Act.
• Proven experience in building teams and managing stakeholders.

Responsibilities

• Lead the setup and scaling of the Singapore office with strategic organizational design.
• Ensure compliance with the Payment Services Act and keep the MPI license in good standing.
• Drive business growth by identifying market opportunities and fostering partnerships.
• Implement internal controls focusing on AML/CFT and conduct risk assessments.
• Serve as the primary contact for the Monetary Authority of Singapore.

Skills

Leadership

Stakeholder Management

Bilingual Proficiency in English and Mandarin

Regulatory Expertise

Education

MAS Qualifications for Executive Director

Job description

The Mission

As the Executive Director for our Singapore entity, you will serve as the strategic leader and the primary face of our local operations. This is a "Founding Leader" role focused on scaling our Payment Services Act (PSA) regulated business. You will be responsible for maintaining our payment license, building a world‑class local team, and driving commercial growth in the region’s fintech ecosystem.

Key Responsibilities

• Entity Leadership & Team Building: Lead the "0-to-1" setup and scaling of the Singapore office, including strategic organizational design and recruiting key functional leads across compliance, ops, and business.
• Regulatory Stewardship (PSA): Assume ultimate responsibility for the firm’s compliance with the Payment Services Act (PSA) and all MAS guidelines. Ensure our Major Payment Institution (MPI) license remains in good standing.
• Business Growth & Strategy: Partner with global leadership to operationalize and expand our payment services. Identify local market opportunities, foster strategic partnerships, and ensure product‑market fit within the local regulatory landscape.
• Risk & AML Governance: Implement a robust internal control framework, with a heavy focus on AML/CFT (PS‑N01), risk assessments, and internal audits tailored to the payment sector.
• MAS Liaison: Act as the principal point of contact for the Monetary Authority of Singapore (MAS). Manage all regulatory reporting, inspections, and inquiries with transparency and professionalism.

Requirements

• MAS Qualifications: Must meet the MAS criteria for an Executive Director. Experience as a key officer for an MPI‑licensed firm or an expert in the Payment Services Act is highly preferred.
• Proven Leadership: 12+ years of experience in financial services or fintech, with at least 5 years in a senior executive role. Experience in building teams from scratch is essential.
• Regulatory Expertise: Deep, practical knowledge of Singapore’s Payment Services Act (PSA) and related MAS notices (e.g., PS‑N01 on AML/CFT).
• Stakeholder Management: Exceptional communication skills with the ability to influence regulators and align with global headquarters.
• Bilingual Proficiency: Professional fluency in English and Mandarin is mandatory for seamless communication with local regulators and our group headquarters.