Senior Product Manager/ Product Manager (Contract)

Monetary Authority of Singapore; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

The Monetary Authority of Singapore is seeking an experienced product manager for its Payment Systems Division. The role involves managing MEPS+, developing national payment strategies, and ensuring high operational standards. Candidates should have a minimum of 5 years' experience in product management within the financial sector and a strong background in risk management and IT business analysis.

Qualifications

• Minimum 5 years of relevant working experience in product management in financial sector.
• Experience in managing projects and product development.
• Expertise in IT Business analysis and software quality management.

Responsibilities

• Manage the development of MEPS+ to support national payment initiatives.
• Formulate and review operational and risk management policies for MEPS+.
• Ensure service and performance standards issued to MEPS+ are met.

Skills

Product management

Operational risk management

IT Business analysis

Software quality management

Education

Bachelor Degree or Master Degree

Tools

SWIFT messaging platform

Job description

What the role is:

The Monetary Authority of Singapore (MAS) is Singapore’s central bank and integrated financial regulator.

As central bank, MAS promotes sustained, non-inflationary economic growth through the conduct of monetary policy and close macroeconomic surveillance and analysis. It manages Singapore’s exchange rate, official foreign reserves, and liquidity in the banking sector.

As an integrated financial supervisor, MAS fosters a sound financial services sector through its prudential oversight of all financial institutions in Singapore – banks, insurers, capital market intermediaries, financial advisors, and stock exchanges. It is also responsible for well-functioning financial markets, sound conduct, and investor education.

MAS also works with the financial industry to promote Singapore as a dynamic international financial centre. It facilitates the development of infrastructure, adoption of technology, and upgrading of skills in the financial industry.

Join us now, if you have a genuine interest in making an impact to help shape Singapore’s economic and financial landscape.

What you will be working on:

You will join the team in the Payment Systems Division (PSD) of IT Department. The main functions of PSD are to

• Manage the business operations of MEPS+, a mission-critical system used by financial institutions (FIs) for settlement of Singapore Dollar inter-bank funds transfers, Singapore Government Securities and MAS Bills; and

• Support the Singapore Clearing House Association (SCHA) in overseeing the operations of the Automated Clearing House, which operates key retail payment infrastructures such as the FAST system, the Interbank GIRO system and the cheque truncation systems.

In this role, your primary responsibilities will be to :

• Collaborate with other MAS departments to shape the national strategies and plans for the development of retail payment infrastructures as well as ensure the safety and resilience of the retail payment services overseen by the SCHA

• Manage the development of MEPS+ to support national payment initiatives and strategies and meet the needs of the users of these system. This may entail: (i) Managing annual product releases and upgrades to MEPS+ (ii) Maintaining business data and parameters in MEPS+

• Formulate and review operational and risk management policies for MEPS+ such as access criteria, pricing, contingency plans, participation rules and security measures

• Ensure that MEPS+ service and performance standards issued to MEPS+-participating financial institutions and other market infrastructures are met. This includes regular assessment, monitoring and management of risks posed to MEPS+, robust incident management, conduct of contingency exercises and benchmarking against international and local standards and regulations relating to operational and cyber resiliency of financial market / critical information infrastructures

What we are looking for:

• Bachelor Degree or Master Degree with minimally 5 years of relevant working experience in product management in the financial sector and relating to payment products and services

• Experience in: (i) Managing projects and product development using waterfall methods and/or agile methods (ii) Managing business operations/ monitoring, handling of issues (iii) Managing operational risk management and/or business continuity management

• Expertise in IT Business analysis and software quality management

• Expertise/ Experience in the following will be an advantage: (i) MEPS+ operation at financial institutions, or at similar market infrastructures (ii) SWIFT messaging platform

This is a contract until Dec 2026. 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.