MEPS+ Product Manager, Payment Systems Div (Contract)

[What the role is]

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

[What you will be working on]

In this role, your primary responsibilities will be to:

• 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:

  • Managing annual product releases and upgrades to MEPS+

  • 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 with minimally 8 years of relevant working experience in product management in the financial sector and relating to payment products and services

• Experience in:

  • Managing projects and product development using waterfall methods and/or agile methods

  • Managing operational risk management and/or business continuity management

  • Managing business operations/ monitoring, handling of issues

• Expertise in :

  • IT Business analysis

  • Software quality management

• Expertise/ Experience in the following will be an advantage:

  • MEPS+ operation at financial institutions, or at similar market infrastructures

  • SWIFT messaging platform

• Able to work independently as well as in a team

• Ability to work with details and time-sensitive issues

• Good decision-making skills and response to high-pressure situations

• Strong interpersonal communication and organizing skills to coordinate project activities

• Resourceful and possess excellent communication and stakeholder engagement skills

• Good analytical skills, and able to mulit-task and deliver results in a timely manner

As part of the shortlisting process for this role, you may be required to complete a medical declaration and/or undergo further assessment.

This is a 2-Year contract position. All applicants will be notified on whether they are shortlisted or not within 4 weeks of the closing date of this job posting.