Deputy/Assistant Director, Financial Advisers Supervision (Contract)

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

Job summary

Monetary Authority of Singapore’s Financial Advisers Supervision Department seeks a capable professional to supervise financial advisory and insurance broking activities, respond to queries, and assess regulatory filings. The role involves collaboration with internal teams and external partners to uphold market conduct standards.

The ideal candidate will have strong audit and analytical abilities, excellent communication, and the capacity to multi-task in a fast-paced regulatory environment.

Qualifications

• Strong audit and analytical skills with attention to detail.
• Good written and verbal communication skills.
• Experience in financial institutions conducting financial advisory activities.
• Ability to multi-task and meet tight timelines.
• Experience reviewing reports and data analysis is an advantage.
• Self-motivated and driven.

Responsibilities

• Supervise financial institutions engaged in financial advisory and insurance broking.
• Respond to licensing, regulatory and market conduct queries.
• Assess applications, notifications and regulatory filings.
• Support supervisory reviews and process improvement projects.
• Collaborate with internal and external stakeholders on supervisory issues.
• Interact with MAS departments and external parties such as audit firms, industry bodies, foreign regulators, and other government agencies.

Skills

Audit skills

Analytical skills

Communication skills

Attention to detail

Multi-tasking

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.

• Respond to public queries on licensing, regulatory, supervisory and market conduct matters.

• Assess applications, notifications and regulatory filings submitted by financial institutions and their representatives

• Support supervisory reviews, legislative change initiatives and process improvement projects relating to the supervision of financial institutions.

• Collaborate with internal and external stakeholders to discuss supervisory issues, regulatory developments and industry trends.

• 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

• Experience reviewing reports, analysing data and assessing applications or submissions would be an advantage.

• 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.

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.