Associate/Assistant Director, Financial Advisers Supervision

MAS Monetary Authority of Singapore; Singapore; On-site; SGD 60,000 - 90,000; Full time

Job summary

The Monetary Authority of Singapore's Financial Advisers Supervision Department invites applications for a role focused on supervising financial advisory institutions and brokers, analysing risk management systems and market conduct. You will engage with internal teams and external partners to support regulatory oversight.

You will assess data analytics, develop supervisory indicators, and contribute to data-driven reviews while operating in a fast-paced environment requiring multi-tasking and

Qualifications

• Strong audit and analytical skills with attention to detail.
• Knowledge and experience in using AI to solve problems.
• Comfortable with data and data visualization to present findings.
• Knowledge of advanced analytics is an advantage.
• Good written and verbal communication skills.
• Experience with financial institutions involved in financial advisory activities.
• Ability to multi-task and meet tight timelines.
• Self-motivated and driven.
• Ability to manage multiple priorities and stakeholder needs.

Responsibilities

• Supervise financial advisory institutions via onsite and offsite reviews.
• Assess adequacy of risk management systems and internal controls.
• Evaluate market conduct practices and regulatory compliance.
• Develop and refine supervisory indicators using data analytics.

Skills

Audit skills

Analytical skills

AI for business

Data visualization

Advanced analytics

Written communication

Verbal communication

Financial advisory knowledge

Multi-tasking

Stakeholder management

Job description

What the role is

The Financial Advisers Supervision Department (FAS) is responsible for admitting and supervising financial advisory intermediaries (including banks and insurers that provide financial advisory services) and insurance brokers. FAS supervises and administers rules and regulations under the Financial Advisers Act and Insurance Act (on parts relating to insurance intermediaries) to uphold standards of market conduct among intermediaries and their representatives.

What you will be working on

Part of a team responsible for the supervision of financial institutions conducting financial advisory and insurance broking activities. This includes banks and insurers which carry out financial advisory activities, as well as licensed financial advisers. Involved in assessing the adequacy and effectiveness of financial institutions' risk management systems and internal controls, and market conduct practices, through both onsite inspection and offsite review. Involved in reviews related to the supervision of financial institutions, legislative changes, and current processes. Involved in conducting data analytics, such as refining or developing supervisory indicators, or performing such analysis as part of your supervision of financial institutions. Opportunities to interact with other departments in MAS, as well as external parties such as audit firms, industry bodies, foreign regulators, and other government agencies.

What we are looking for

• Strong audit and analytical skills, and ability to pay attention to details, as well as identify broad trends and issues
• Possess knowledge and experience in the use of AI to solve business and operational problems
• Comfortable and familiar with working with data, including using data visualisation tools to analyse and present findings effectively
• Knowledge and experience in advanced analytics is an advantage
• Possess good written and verbal communication skills
• Good working knowledge and experience in financial institutions conducting financial advisory activities
• Ability to multi-task and keep to tight timelines
• Self-motivated and driven
• 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.

Application information

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 the Singapore Public Service

The Singapore Public Service plays a key role in the economic growth, progress and stability of Singapore by formulating and implementing government policies, as well as providing key public services. Whether you are a fresh graduate joining the workforce or an experienced professional, the Singapore Public Service offers a great variety of job opportunities for you. The work in the Public Service can be broadly categorised into the following sectors: Economic, Social, Security & External Relations, and Administration & Corporate Development. Be part of the team that shapes the future of Singapore.

http://jobs.careers.gov.sg