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.
Deputy/Assistant Director, Banking Department
Monetary Authority of Singapore
Permanent
What the role is
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.
About Monetary Authority of Singapore
MAS is the central bank of Singapore. Our mission is to promote sustained non-inflationary economic growth, and a sound and progressive financial centre.
About your application process
If you do not hear from us within 4 weeks of the job ad closing date, we seek your understanding that it is likely that we are not moving forward with your application for this role. We thank you for your interest and would like to assure you that this does not affect your other job applications with the Public Service. We encourage you to explore and apply for other roles within Monetary Authority of Singapore or the wider Public Service.