Deputy/assistant Director, Environmental Risk

[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]

Climate change, together with a host of environmental issues, poses a pressing global problem that requires collective action by governments, companies, investors and individuals. Globally, there has been a growing call for financial institutions to be a force for good and promote green finance, while effectively managing their exposure to climate and nature-related risks in the transition to a low-carbon economy.

MAS has been working with our financial institutions to build up their resilience to climate and nature-related risks through establishing robust environmental risk management policies and processes that effectively measure, mitigate and disclose these risks. MAS also actively contributes to global efforts to advance collaboration in such risk management practices, such as the Basel Committee for Banking Supervision (BCBS) and Central Banks and Supervisors Network for Greening the Financial System (NGFS).

You will be part of a team responsible for the formulation and implementation of supervisory initiatives on environmental risk management for Singapore’s banking sector.

In this role, you will:

- Lead efforts to formulate and implement supervisory initiatives on environmental risk management as part of MAS’ bank supervisory framework;
- Work closely with banks to strengthen their environmental risk management policies, processes and practices;
- Engage other external stakeholders, including academia, NGOs and other government agencies to support environmental risk management;
- Study global and regional regulatory trends on environmental risk management, and assess their relevance to our banking sector; and

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]
- Preferably some experience in environmental risk management in the financial sector
- Knowledge and strong interest on environmental risks, including understanding of global regulatory developments and industry standards, including the Basel Principles for the effective management and supervision of climate-related financial risks, and the International Sustainability Standards Board (ISSB) reporting standards.
- A good understanding of risk management concepts, including scenario analysis and stress testing practices.
- Strategic thinking, inquisitive mind and analytical skills
- Demonstrated capability to effectively lead initiatives
- Effective writing and communication skills
- 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._