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]

You will conduct stress testing and regular surveillance and analysis of the Singapore financial sector, with a particular focus on scenario analyses and stress testing of financial risks. You will be expected to undertake or advise others in carrying out research on financial stability issues that are of relevance to MAS as a central bank and integrated supervisor of the financial services sector. You will have the opportunity to present your assessments to senior management and shape international and domestic thinking on financial stability and policymaking. The department\xe2\x80\x99s analysis and research output will be published in MAS\xe2\x80\x99 annual Financial Stability Review. The candidate is expected to be self-motivated and creative, with a keen interest in the use of quantitative methods in macro-financial research.

Specific work responsibilities include:

• Conduct stress-testing of conjunctural and longer term financial risks (including climate risk) to Singapore\xe2\x80\x99s financial system, identify vulnerabilities, and assess the implications for financial stability. Keep abreast of key international macroeconomic and financial developments, and draw out the potential risks and spillovers to the financial system in Singapore. Conduct surveillance and research on Singapore\xe2\x80\x99s banking sector and financial system, identify vulnerabilities, and assess the implications for financial stability. Contribute to research pieces and regular macro-financial updates to senior management.
• Undertake special topical studies on the financial sector and markets in the Singapore and regional economies, and draw out relevant insights for Singapore, as well as contribute to the international policy discussions on global and regional financial stability. Possible topics could include further studies on credit, liquidity and market risk stress testing, banking system vulnerabilities, financial stability implications of climate change, macroprudential stance and policy measures.

• Quantitative skills (e.g. econometrics) and/or relevant work experience would be an advantage, or degree in Economics, Finance or Econometrics
• Data analytics & processing skills (e.g. R)
• Strong analytical skills, with good understanding of current macroeconomic and financial issues
• Strong written and good presentation skills
• Ability to produce timely analysis and research, both independently and as part of a team

Singapore Economic Development Board