[What the role is]

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's financial system, which in turn allows the broader economy to function.

[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. Whether you are part of a team supervising a domestic banking group, or individually responsible for the oversight of a few smaller banks, you will be taking on varied work from evaluating the adequacy of banks 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.

MAS offers a uniquely broad exposure to industry-wide initiatives and developments shaping the banking sector. In addition to work specific to the bank(s) you are supervising, there will also be ample opportunities to participate in cross-department workgroups that formulate supervisory policies and expectations as the financial landscape evolves. These workgroups cover a variety of topics such as business continuity management, third-party risks, bank resolution, sustainable finance and corporate governance.

[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.
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.

All applicants will be notified on whether they are shortlisted or not within 4 weeks of the closing date of this job posting.

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

Deputy/Assistant Director, Banking Department I (1-Year Contract)