Deputy/Assistant Director, Financial Advisers Supervision (Contract)

Monetary Authority of Singapore; Singapore; On-site; SGD 20,000 - 60,000; Full time

Job summary

A financial regulatory authority in Singapore is seeking a candidate for a 1-year contract role in the Financial Advisers Supervision Department. The successful applicant will supervise and assess financial institutions, oversee advisory practices, and ensure compliance with regulations. Ideal candidates should possess strong auditing and analytical skills, effective communication abilities, and a proactive approach. Interaction with various stakeholders adds to the role's dynamism.

Qualifications

• Strong audit and analytical skills with attention to detail.
• Effective written and verbal communication abilities.
• Experience in financial advisory activities and institutions.
• Capability to multi-task and meet tight deadlines.
• Self-motivated and driven in work performance.

Responsibilities

• Supervise financial institutions conducting advisory and insurance activities.
• Assess risk management systems and market conduct through reviews.
• Engage with various departments and external parties for assessments.

Skills

Strong audit and analytical skills

Good written and verbal communication skills

Experience in financial institutions

Ability to multi-task

Self-motivated and driven

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.
• 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 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

This is a 1-year contract position. 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.