Assistant Director, Payments Policy Division

[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 be part of a team responsible for the supervision of licensed credit bureaus (LCBs), as well as formulating and reviewing the policies pertaining to the regulation of LCBs. You will also cover other team members to supervise designated payment system operators (DPSOs) and review policies pertaining to the regulation of DPSOs.

In this role, you will assess the business operations and risk management practices of LCBs and DPSOs, consider their implications on the financial system, and calibrate the regulatory framework to safeguard their safe and sound operations through a considered and balanced approach.

You will work closely with colleagues in other MAS functions such as banking supervision and prudential policy, engage with industry, as well as support MAS participation in international fora.

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.

[What we are looking for]

• Experience in financial supervision, risk management, compliance, audit or operations in a financial institution

• Possesses flexibility of perspective, able to scrutinise and analyse operational and technical issues, while also being able to form a view of underlying patterns and tease out broader concerns

• Ability to think critically about issues on multiple dimensions as a practical and balanced supervisor

• Ability to consider creative permutations and possibilities to formulate robust and forward-looking policies

• Able to condense and convey ideas in a clear manner, whether written or oral

• Passion for problems - both in hunting for and solving them

• Intellectually inspired by the prospects of laying the groundwork and tending to the critical infrastructure of a global financial centre

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.