Deputy/Assistant Director, Supervisory Methodologies (SMTA)(Contract)

Monetary Authority of Singapore (MAS); Singapore; On-site; SGD 20,000 - 60,000; Full time

Job summary

A government agency in Singapore is seeking a candidate for a role in banking supervision. This position involves establishing strategic roadmaps, developing methodologies, and monitoring trends in the banking sector. The ideal candidate should possess good communication skills, be proactive, and have a solid understanding of the financial services industry. The contract will last for 1 year, requiring agility in managing multiple priorities in a fast-paced environment.

Qualifications

• Prior experience in banking supervision is an advantage.
• Comfortable in working with data and understanding its use.
• Able to apply critical thinking in supervisory methodologies.

Responsibilities

• Establish and execute strategic roadmaps for banking supervision.
• Develop and enhance supervisory methodologies and standards.
• Monitor trends and identify emerging risks in the banking sector.
• Build capacity among stakeholders through training and advice.

Skills

Understanding of banking and financial services industry

Proactive and self-motivated

Good communication and interpersonal skills

Critical thinking skills

Comfortable working with data

Attention to detail

Open to new ideas

Ability to manage multiple priorities

Job description

What the role is

The Supervisory Methodologies, Tools and Analytics (SMTA) division within the Inspection & Supervisory Methodologies Department (IMD) designs frameworks and methodologies for effective supervision of banks in Singapore. We work in close partnership with banking supervision colleagues.

What you will be working on

As part of the Supervisory Methodologies Team (SMT) within SMTA, you will be part of a team responsible for:

• Establishing and executing the strategic roadmap, priorities, and action plans to transform banking supervision and reshape banking practices to enhance agility, effectiveness, and efficiency for the future of banking supervision. This include leveraging supervisory technology and developing analytical tools to automate supervisory processes and improve surveillance capabilities for more effective and efficient allocation of supervisory resources. You will also analyse and optimise operational processes, implement innovative strategies, and foster a culture of continuous improvement.

• Developing and enhancement of supervisory methodologies and standards for the effective conduct of analyses of the banking sector. These include key frameworks on risk and impact assessments and culture and conduct supervision.

• Monitoring trends and identifying emerging risks and potential hot spots to the banking sector, to inform decisions for risk-based supervision and shape supervisory methodologies.

• Building capacity among stakeholders such as banking supervisors and regulatory counterparts by delivering training and providing advice in the area of supervisory methodologies.

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.

What we are looking for

• Understanding of banking and financial services industry. Prior experience in banking supervision would be an advantage but not a must.

• Proactive and self-motivated, with good communication and interpersonal skills given frequent interactions with internal and external banking industry stakeholders.

• Clarity of thought and ability to apply critical thinking skills when reshaping banking practices, developing or enhancing supervisory methodologies.

• Comfortable in working with data, with a keen understanding on how the data can be used to facilitate supervisory monitoring.

• Keen eye for detail and always looking for opportunities to make a difference.

• Open to new ideas and possibilities.

• Eager to challenge yourself and push boundaries.

• 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. All applicants will be notified on whether they are shortlisted or not within 4 weeks of the closing date of this job posting.

As part of the shortlisting process for this role, you may be required to complete a medical declaration and/or undergo further assessment.