What the role is:You will join the team in the Payment Systems Division (PSD) of IT Department.What you will be working on: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; andSupport 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 SCHAManage 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 measuresEnsure 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 infrastructuresWhat 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 servicesExperience 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 managementExpertise in IT Business analysis and software quality managementExpertise/ Experience in the following will be an advantage: (i) MEPS+ operation at financial institutions, or at similar market infrastructures (ii) SWIFT messaging platformThis 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.
