[MOF Summer Internship] Intern, Reserves & Investment

Applications for the Ministry of Finance (MOF) Summer Internship Programme are now open. As an MOF intern, you will gain valuable insights and contribute to projects that support national policy-making and shape the everyday lives of Singaporeans. Interns are required to commit at least 10 weeks between May to Aug 2026. MOF's Reserves & Investment Directorate is looking for undergraduates to undertake the following project(s). Note: You are welcome to apply for internships/projects with different MOF Directorates if the topics suit your interest and experience. If you are shortlisted, you will be invited to indicate your preferred project(s) prior to the selection interview. We will take into account your preferences in the final allocation, subject to our resourcing needs. Applications close 31 Dec. Kindly note that only shortlisted candidates will be notified.

You will be part of the R&I directorate, which oversees the long-term performance and risk profile of Singapore’s reserves managed by our investment entities. Project #1: Market data and Portfolio Analytics As part of this project, you will be tasked with tracking global indices performance, understand market and portfolio trends, and extract insights from both public and private market data. Key responsibilities would include: • Develop automated dashboards using market data (e.g., Bloomberg, Burgiss and IPD) to monitor global equity/bond indices and private market performance etc. • Conduct research and analysis on historical investment trends and market stress events (e.g., asset class performance drivers, macroeconomic regimes, structural and thematic shifts). Project #2: Automating the Quantitative Analysis of Sovereign Wealth Fund Performance The main deliverable will be to upgrade and automate R&I’s existing database on the performance of Sovereign Wealth Funds (SWFs) globally. Key responsibilities include: • Refine R&I’s webcrawler that will scan for and compile news articles or reports from reputable sources regarding SWFs and pension funds. • Integrate the use of AI tools into the database to help glean insights into the performance of SWFs. • Draw from multiple sources to estimate various investment performance metrics (e.g., NPV, projected returns, etc.). Project #3: Staying Invested in Tackling Climate Change Extreme climate events and rising temperatures could have a disruptive impact on markets and investment returns. As part of this project, you will be tasked with: • Reporting quantitatively and qualitatively on the impact that (i) higher frequency extreme climate events; and (ii) rising temperatures have on the performance and risk-return profile of investments (by asset class, geography, sector, etc.). • Reviewing academic literature and market-practice methodologies on incorporating tail-risk events into return projections, summarising the key approaches, assumptions and limitations. • Evaluating climate solutions based on whether they have (i) investment potential; (ii) local vs. global scalability; and (iii) are practically implementable (e.g., encouraging the adoption of electric vehicles, carbon credits, encouraging the consumption of plant-based foods, etc.). Depending on the team’s needs, you may also expect to support and/or gain exposure to the team’s other ongoing work.

• Strong analytical and quantitative skills. • Comfortable working with large data sets. • Interest in financial markets, investments, economics and sustainability • Some background in coding (in Python) preferred, but not necessary.