Deputy/Assistant Director, Monetary & Domestic Markets Management Department

MAS Monetary Authority of Singapore; Singapore; On-site; SGD 70,000 - 110,000; Full time

Job summary

The Monetary Authority of Singapore (MAS) invites applicants to join the Monetary & Domestic Markets Management Department (MDD) as an analyst. You will contribute to foreign exchange intervention operations to manage the SGD within its policy band and gather market intelligence on SGD and regional FX markets.

You will prepare analytical briefs for MAS senior management and collaborate with ministries, central banks, and market participants.

Qualifications

• Energetic and keen to learn with interest in macroeconomics/financial markets.
• Team player with commitment to public service.
• Analytical and detail oriented with numerical skills.

Responsibilities

• Support foreign exchange intervention operations to manage SGD within policy band.
• Monitor SGD FX markets and prepare analytical briefs for MAS senior management.
• Lead or participate in projects to enhance FX conduct and market surveillance, including GenAI initiatives.

Skills

Macroeconomics

Financial markets

Public service mindset

Analytical thinking

Job description

[What the role is]The Monetary & Domestic Markets Management Department (MDD) conducts market operations to implement MAS’ monetary policy and serves as the fiscal agent of the Singapore Government.[What you will be working on]Working within a tight-knit team of high-performing officers, you will undertake foreign exchange intervention operations to manage the Singapore dollar within its policy band. You will also be responsible for gathering market intelligence on developments in the SGD and regional FX markets, preparing analytical briefs, and providing updates to MAS senior management.Besides the above duties, you will be involved in a range of projects, typically working with various internal and external stakeholders including government ministries, foreign central banks, primary dealers and other market participants. You will lead projects to enhance the conduct of foreign exchange, including to ensure readiness for intervention amidst heightened financial market volatility. You will also drive initiatives to enhance market surveillance and analytical capabilities, including through the use of Generative Artificial Intelligence (GenAI).The work is interesting and challenging. You can expect to gain:A first-hand understanding of how Singapore’s monetary policy is implemented;Mandate to tangibly impact MAS’ intervention and management of SGD FX volatility;Knowledge of how the SGD and regional FX markets function;The opportunity to engage with experienced industry players (e.g. banks, institutional investors and other domestic market participants) as well as other central bankers; andExperience across all stages of the policy life cycle, from conceptualisation to implementation.[What we are looking for]The ideal candidate:Is energetic and keen to learn, with an interest in macroeconomics, financial markets or monetary policy.Is a team player with a strong commitment to public service.Is analytical and detail oriented, with a strong grasp of numerical concepts.Has good writing, communication and presentation skills.Takes initiative and is self-driven to learn and contribute.No prior work experience or degree in economics / finance is required, as extensive training will be conducted on-the-job. Applicants should be Singapore citizens. Applicants should be prepared that they will be regularly tasked to monitor foreign exchange markets overnight as part of their operational duties.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. 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.