Job Description

[What the role is]The Monetary Authority of Singapore (MAS) is Singapore\xe2\x80\x99s 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\xe2\x80\x99s 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 \xe2\x80\x93 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.Join us now, if you have a genuine interest in making an impact to help shape Singapore\xe2\x80\x99s economic and financial landscape.[What you will be working on]As an officer in one of the three Banking Supervision Departments, you play an important role in ensuring that banks in Singapore manage their risks well and treat their customers fairly. You will be taking on varied work from evaluating the adequacy of banks\xe2\x80\x99 risk controls risk management systems, to assessing the suitability of key appointment holders, to dealing with breaches of regulatory requirements. In many cases, you will deal directly with senior management at the banks.Given that all banks in Singapore have regional and/or global operations, you will have to interact with overseas regulatory counterparts to understand the financial condition of the overall banking group, as well as exchange supervisory best practices. This could include organising or participating in supervisory colleges of major banking groups.Banks are the foundation of the financial system and keeping them safe means protecting the deposits of the man and woman on the street. In concert with other units, such as the Inspection and Supervisory Methodologies Department, which focuses more on onsite work, your efforts will contribute towards the safety and soundness of the bank(s) you supervise, thereby promoting stability in Singapore\xe2\x80\x99s financial system, which in turn allows the broader economy to function.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.[What we are looking for]Heart to serve the public and an alignment to the broader mission of MAS.Existing financial services experience, particularly in banking or auditing, or a demonstrable motivation to learn about the sector.Reasonably good with numbers, with a keen eye for detail.Strong analytical skills with a demonstrated ability to work in a team at both the conceptual and operational levels.Well versed with data analytical tools.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 directly.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 1-year contract. All applicants will be notified on whether they are shortlisted or not within 4 weeks of the closing date of this job posting.

Singapore Economic Development Board