Assistant Director/Associate, Payment Systems Division recruitment
The main functions and responsibilities of PSD include:
a) administering MEPS+ (national interbank payment system), which will involve managing MEPS+ upgrades and enhancements, working with vendors and banks on MEPS+ issues/problems, formulating/reviewing/benchmarking framework, operational policies and rules relating to MEPS+, as well as organising MAS and industry-wide business continuity exercises and tests to ensure MEPS+ stability and resilience;
b) overseeing the Singapore Clearing House Association (SCHA) and the Automated Clearing House, which involves dealing with cheque and interbank GIRO clearing related matters; and
c) studying trends and developments in payment systems, including working on e-payment strategies and initiatives to reduce the use of cash and cheques, such as the new generation retail electronic payment system that aloows real-time fund transfers.