Deputy Director / Assistant Director, Credit Risk Specialist

Monetary Authority of Singapore; Singapore; On-site; SGD 90,000 - 150,000; Full time

Job summary

Monetary Authority of Singapore is seeking a Deputy Director / Assistant Director, Credit Risk Specialist to support MAS’ credit risk supervision of financial institutions in Singapore. You will evaluate credit risk management approaches, methodologies and models, conduct market surveillance, and help develop supervisory policies and guidelines.

Familiarity with Basel IRB and IFRS 9 ECL credit models preferred; you will translate technical findings into supervisory implications and influence

Qualifications

• At least 3 years of credit risk management experience in a financial institution or related degree in quantitative fields.
• Understanding of credit processes and scoring models and their link to capital.
• Strong analytical, quantitative abilities and working knowledge of risk analysis tools/software.
• Excellent written communication to translate technical risk findings into supervisory implications.

Responsibilities

• Evaluate credit risk management approaches, methodologies and models of financial institutions.
• Conduct market surveillance and research latest risk management techniques.
• Develop supervisory policies and guidelines for financial institutions in Singapore.

Skills

Credit risk management

Quantitative analysis

Basel IRB

IFRS9 ECL

Policy writing

Stakeholder management

Education

Quantitative Finance / Mathematics / Statistics degree

CFA/PRM/FRM

Tools

Analytical tools

Excel

Job description

What the role is:

Deputy Director / Assistant Director, Credit Risk Specialist

What you will be working on:

The Financial Risk Specialist Division (Banking Department II) is recruiting a Credit Risk Specialist to support MAS’ credit risk supervision of financial institutions. This position entails evaluating the credit risk management approaches, methodologies and models of financial institutions. Familiarity with Basel IRB and IFRS9 ECL credit models preferred. You are expected to conduct market surveillance, research the latest risk management techniques , and develop supervisory policies / guidelines to financial institutions in Singapore.

What we are looking for:

• At least 3 years of credit risk management experience with a financial institution, or relevant degree in Quantitative Finance / Mathematics / Statistics. Postgraduate degree in those fields or candidates with professional qualifications like CFA, PRM or FRM preferred.
• Understanding of credit processes and scoring models, as well as linkages of these process / models to capital.
• Highly analytical, quantitative and possess good working knowledge of analytical tools / software.
• Good and concise writing skills with the ability to translate technical reports into supervisory risk implications.

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.

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.