Associate / Assistant Director (Coins & Business Excellence)

Monetary Authority of Singapore

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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

You will be part of the Policy and Planning Team in the Currency Department responsible for managing the procurement of circulation currency stock and development of new currency projects. You will also be working on environmental and sustainability issues relating to the management of Singapore’s currency in circulation.

Your main responsibilities include:

· Managing replenishment of circulation currency, including administrating procurement procedures, liaising with appointed contractors and relevant stakeholders, and conducting inspections, to ensure availability of currency stock to meet public demand and contractual requirements;

· Reviewing currency-related policies and legislation to ensure they remain relevant, and implementing environmental initiatives to support MAS’ sustainability roadmap;

· Managing new currency projects, including conducting research and design development, to ensure smooth implementation in the issuance of new notes and coins;

· Conducting currency research to keep abreast of latest developments and advancements in the industry; and

· Monitoring counterfeiting trends to maintain public confidence in Singapore’s currency and ensure security features in our currency continue to be state of the art.

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 in the industry.

What we are looking for

Work experience in the area of policy development or projects/contracts management
Possess good inter-personal skills as well as written and verbal communication skills
Have strong analytical and problem-solving skills
Able to work well in both team and individual settings
Applicants must be Singapore citizens
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.

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.