Deputy/Assistant Director, Enforcement (Enforcement Policy & Legal) (Contract)

MAS Monetary Authority of Singapore; Singapore; On-site; SGD 90,000 - 170,000; Full time

Job summary

The Monetary Authority of Singapore (MAS) is seeking a legal professional to join the Enforcement Department. You will advise on enforcement actions, including criminal prosecutions and civil penalties, and help formulate enforcement-related policy and legislative amendments.

You will cooperate with foreign regulators as needed under international MoUs, navigating a dynamic regulatory landscape.

Qualifications

• Recognised law degree and admission to practice in Singapore.
• Preferably with Criminal Prosecution and/or Civil/Commercial Litigation experience.
• Experience in both prosecution and civil litigation is advantageous.
• Strong writing, analytical and communication skills.
• Interest in regulatory/enforcement policy formulation.

Responsibilities

• Advise on enforcement actions (criminal, civil penalty, etc.).
• Assist in formulating enforcement-related policy and drafting amendments.
• Coordinate with foreign regulators under international MOUs.
• Work with MAS internal stakeholders and external regulators in a dynamic environment.

Skills

Legal writing

Analytical thinking

Communication skills

Education

Recognised law degree (Singapore)

Admitted to Singapore legal practice

Job description

What the role is

The Enforcement Department is responsible for investigating and enforcing breaches of the laws administered by the Monetary Authority of Singapore (MAS) under various statutes, including but not limited to the Securities and Futures Act, the Financial Advisers Act, the Trust Companies Act, the Banking Act, the Insurance Act and the MAS Act. The Department jointly investigates certain offences with the Commercial Affairs Department, including offences under Part 12 of the Securities and Futures Act such as insider trading and market manipulation. The Department is also responsible for anti-money laundering enforcement work.

What you will be working on

You will advise on a range of enforcement actions, which the Department may undertake such as criminal prosecution, civil penalty actions and other regulatory enforcement action. You will assist in formulating and implementing enforcement-related policy, including drafting and coordinating related legislative amendments. You will also provide assistance to foreign regulators where required under the International Organization of Securities Commission Multilateral Memorandum of Understanding. The role is multi-faceted, presenting opportunities to be involved in topical issues. You can expect to be challenged intellectually and professionally as you work closely with internal stakeholders (e.g. the Banking, Insurance and Capital Markets supervision departments in MAS) and external stakeholders (foreign regulators and other local enforcement agencies) in a dynamic environment. You will gain insight into how the financial services sector in Singapore operates, and the rules and regulations at work.

What we are looking for

Recognised law degree and admitted to legal practice in Singapore. Preferably with Criminal Prosecution and/or Civil/Commercial Litigation experience. It will be an advantage if you have experience in both prosecution and civil litigation work. Strong writing, analytical and communication skills. Interest in regulatory/enforcement policy formulation. Ability to work well independently as well as in a team. Ability to be nimble and manage multiple deadlines. Applicants should be Singapore citizens 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. As part of the shortlisting process for this role, you may be required to complete a medical declaration and/or undergo further assessment. This is a 1-year contract.

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. Log on and take your first step towards a career that matters!