Deputy/Assistant Director, Financial Risk Specialist

Monetary Authority of Singapore; Singapore; On-site; SGD 70,000 - 100,000; Full time

Job summary

The Monetary Authority of Singapore is seeking a Financial Risk Specialist to support supervision of financial institutions' trading activities. The role involves identifying market risks, assessing banks' frameworks, and improving industry practices through guidance and research. Candidates should have experience in risk management and relevant certifications.

Qualifications

• Experience with market risk management in financial institutions.
• Strong interest in financial market developments.
• Ability to communicate technical knowledge effectively.

Responsibilities

• Identify system-wide market risks in the banking sector.
• Assess banks’ management of market risk and frameworks.
• Evaluate banks’ risk management processes and methodologies.

Skills

Market risk management experience

Analytical tools/software proficiency

Good knowledge of financial products

Education

Certification in Quantitative Finance

CFA, PRM or FRM qualification

Job description

What the role is:

The Monetary Authority of Singapore (MAS) is Singapore’s central bank and integrated financial regulator.

As central bank, MAS promotes sustained, non-inflationary economic growth through the conduct of monetary policy and close macroeconomic surveillance and analysis. It manages Singapore’s exchange rate, official foreign reserves, and liquidity in the banking sector.

As an integrated financial supervisor, MAS fosters a sound financial services sector through its prudential oversight of all financial institutions in Singapore – banks, insurers, capital market intermediaries, financial advisors, and stock exchanges. It is also responsible for well-functioning financial markets, sound conduct, and investor education.

MAS also works with the financial industry to promote Singapore as a dynamic international financial centre. It facilitates the development of infrastructure, adoption of technology, and upgrading of skills in the financial industry.

Join us now, if you have a genuine interest in making an impact to help shape Singapore’s economic and financial landscape.

What you will be working on:

Banking Department is keen to recruit a Financial Risk Specialist to support the supervision of financial institutions’ trading activities and management of the attendant risks.

As a Financial Risk Specialist, you will be part of a team in charge of:

• Identifying system-wide market risks in the banking sector by analysing regulatory risk returns and publicly available data.

• Assessing banks’ management of market risk by reviewing the adequacy of banks’ management oversight, framework, policies, systems and controls.

• Evaluating banks’ front office controls, risk management and valuation processes and methodologies, as well as their valuation, market and counterparty risk models.

• Researching into new risk managementtechniques/frameworkin response to market developments;and

• Issuing supervisory guidance to industry on thematic topics as part of capacity building and uplifting of industry practices.

What we are looking for:

• Market risk management experience with a financial institution preferred.

• Strong interest in developments in the financial markets.

• Good knowledge of financial products and their related financial risks.

• Proficient in use of analytical tools/software.

• Inquisitive, analytical, quantitative, and has an eye for detail.

• Ability to communicate technical knowledge well, both spoken and in writing.

• Relevant certification in Quantitative Finance or professional qualifications like CFA, PRM or FRM will be advantageous.

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.