Deputy/Assistant Director, Insurance (Contract)

Public Service Division; Singapore; On-site; SGD 110,000 - 160,000; Full time

Job summary

Monetary Authority of Singapore (MAS) is seeking an Insurance Supervisor to oversee a portfolio of insurance companies, evaluating financial resilience, governance, risk management and business conduct using a risk-based supervisory approach.

You will analyze risk information, engage senior management on key risks, and contribute to supervisory actions that promote a safe, fair, and trusted insurance sector in Singapore.

Qualifications

• 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 ability to work in a team at conceptual and operational levels.
• Good written and verbal communication skills to interface with senior stakeholders.
• Comfortable working in a dynamic, fast-paced environment with multiple priorities.

Responsibilities

• Supervise a portfolio of insurance companies, assess financial resilience, governance, risk management and business conduct using a risk-based supervisory approach.
• Analyse financial and risk information, evaluate governance and control frameworks, and contribute to supervisory actions.
• Engage senior management on key risks and emerging industry developments, and participate in cross-functional projects and policy initiatives.

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.