Deputy/assistant Director, Inspection Divisions

[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.

Join us now, if you have a genuine interest in making an impact to help shape Singapore’s economic and financial landscape.

[What you will be working on]

IMD Inspection Divisions conduct inspections of financial institutions (mainly banks) to assess, amongst others, their safety and soundness, and culture and conduct. IMD constantly refines its inspection methodologies to respond to the shifting risk landscape, so IMD officers will regularly participate in projects to develop new approaches and tools to enhance our effectiveness and efficiency, including through the use of data and technology. IMD works closely with the three Banking Departments to achieve collective supervisory effectiveness of our FIs.

[What we are looking for]

Technical competencies required
- Applicant should possess a good understanding of the operations of banks from work experience as an external auditor, or in the internal audit, risk management, internal control or other similar functions of a bank. Applicants should preferably have a broad-base knowledge of the operations of key businesses and control units across a bank, in addition to any deep experience in specific businesses or risk areas.
- Applicant should have both effective written and verbal communication skills to clearly present and explain matters to internal and external stakeholders across different levels e.g. peers, supervisors and senior management
- Applicant will have an advantage if he/she has:

- Practical experience in the development, implementation and/or use of data analytics and other technological tools for managing risks, e.g. deriving insights for decision-making and intervention, and/or the audit of key risk areas of a bank.
- Experience in implementing or conducting culture, governance, and behaviour assessments, particularly in the financial sector.

Other competencies required
- Possess a keen eye for detail, e.g. meticulous in examining supporting evidence, yet not lose the forest for the trees, e.g. able to join the dots for higher order evaluation of trends, patterns, impact, etc.
- Possess strong analytical ability and reasoning skills required to make balanced assessments and sound judgements, e.g. to determine whether state of controls in a bank is commensurate with its business activities in order to size the impact of risks and prioritise the root causes to be addressed.
- Adept in project and time management to cope with competing demands when needed

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

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