Deputy/Assistant Director, Insurance (Contract)

MAS Monetary Authority Singapore; Singapore; On-site; SGD 90,000 - 130,000; Full time

Job summary

MAS Monetary Authority Singapore is seeking an Insurance Supervisor to oversee a portfolio of insurers, assessing financial resilience, governance, risk management and business conduct. The role involves analysing risk data, evaluating controls, and contributing to supervisory actions to maintain a sound insurance sector.

You will engage senior management on key risks and industry developments, with opportunities to contribute to policy initiatives and cross-functional projects within a

Qualifications

• Experience in financial services, preferably in insurance, auditing, actuarial science, risk management.
• Reasonably good with numbers, with a keen eye for detail.
• Strong analytical skills with a demonstrated ability to work in a team, at both the conceptual and operational levels.
• Good written and verbal communication skills interfacing with senior stakeholders.
• Comfortable working in a dynamic, fast-paced environment with multiple priorities.

Responsibilities

• Supervise a portfolio of insurance companies and assess financial resilience, governance, risk management and business conduct.
• Analyse financial and risk information, evaluate governance and control effectiveness, contribute to supervisory actions.
• Engage senior management on risks and industry developments and participate in policy initiatives.

Skills

Financial services experience

Numerical ability

Analytical skills

Communication with stakeholders

Team collaboration

Job description

What the role is

As an Insurance Supervisor at the Monetary Authority of Singapore (MAS), you will play a key role in safeguarding the soundness and resilience of Singapore's insurance sector. You will be responsible for supervising a portfolio of insurance companies, assessing their financial resilience, governance, risk management and business conduct using a risk-based supervisory approach.

What you will be working on

This role offers the opportunity to gain insights into insurers' business models and strategic priorities, while engaging senior management on key risks and emerging industry developments. You will analyse financial and risk information, evaluate the effectiveness of governance and control frameworks, and contribute to supervisory actions that promote a safe, fair and trusted insurance sector. Beyond firm supervision, you will also have opportunities to contribute to regulatory and supervisory policy initiatives, participate in cross-functional projects, and help shape the future development of Singapore's insurance industry.

What we are looking for

• Experience in financial services, preferably in insurance, auditing, actuarial science, risk management, or a demonstrable interest in building expertise in this sector.
• Reasonably good with numbers, with a keen eye for detail.
• Strong analytical skills with a demonstrated ability to work in a team, at both the conceptual and operational levels.
• Good written and verbal communication skills as you will be expected to interface with various senior internal and external stakeholders directly.
• Comfortable working in a dynamic, fast-paced environment, with the ability to manage multiple priorities, adapt to evolving risks and collaborate across stakeholders.
• 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 role. 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.

http://jobs.careers.gov.sg

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! Need help? For assistance. Our team will contact you shortly!