Deputy/ Assistant Director, Payments Department (Contract)

Contextual Overview

The Monetary Authority of Singapore (MAS) is seeking a Deputy/Assistant Director for its Payments Supervision Division on a 2-year contract basis. The role focuses on the supervision of payment institutions under the Payment Services Act, ensuring regulatory compliance within Singapore's evolving e-payment landscape.

Key Eligibility Criteria

• Experience: 3-15 years in compliance, audit, legal, or financial services advisory.
• Technical Skills: Strong familiarity with legislative review and drafting processes.
• Core Competencies: Excellent written and verbal communication, analytical skills for assessing new business models, and the ability to manage multiple stakeholders in a fast-paced environment.

Responsibilities & Scope of Work

• Perform on-site and off-site supervision of payment institutions (e-money, money transfer, and digital payment token services).
• Review legislative requirements and policy intent of the Payment Services Act regarding new business models.
• Engage with industry players to discuss regulatory and legal issues and assess the necessity for legislative changes.

Stipend, Compensation & Mode

Not specified. This is a 2-year contract position.

Application Procedure

Interested candidates must apply via the official LinkedIn job portal. As part of the shortlisting process, candidates may be required to complete a medical declaration or undergo further assessment. Applicants will be notified of their status within 4 weeks of the closing date.

FAQs

• What is the nature of this role? This is a 2-year contract position within the Payments Supervision Division of the MAS.
• What is the notification timeline? All applicants will be notified regarding their shortlisting status within 4 weeks of the job posting's closing date.