Associate/Assistant Director, Banking Department III (1-Year Contract)

[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.

[What you will be working on]

As a department of the Banking and Insurance Group, Banking Department III generally supervises banks active in treasury and private banking businesses. It fosters the stability and strength of Singapore's financial system by monitoring the safety and soundness of the financial institutions it supervises.

You will be part of a team responsible for supervising a large segment of the banking sector in Singapore with a focus on performing data analyses to identify emerging risks. You will play an active role in handling supervisory processes, such as the review and analysis of applications, EA and IA reports, financial indicators, incidents and complaints handling with a view to identifying potential issues and risks. The work also includes collaborating with other supervisors and technologists to translate supervision needs into technological requirements for the department to enable transformation. You will also work with other banking supervisors and technologists to ideate, test and implement data analytics and transformation scripts to enable automated data analysis and risk identification.

In the course of your work, you will have opportunities to interact with external stakeholders such as banks under our regulatory purview, other financial regulators, and internal stakeholders such as supervisors from the Banking and other Financial Supervision Departments, technologists from the Suptech, Surveillance & Analytics Division, Supervisory Methodologies Tools and Analytics Division, and Technology Group.

[What we are looking for]

• 3-5 years of financial services experience, particularly in banking or auditing or advisory, or a demonstrable motivation to learn about the sector.

• Strong analytical skills with a demonstrated ability to work in a team at both the conceptual and operational levels.

• Natural curiosity and energetic approach to problem-solving, with an ability to generate fresh perspectives in a fast-evolving space.

• Good written and verbal communication skills as you will be expected to interface with various senior internal and external stakeholders.

• Data science and analytics will be an advantage.

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.

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