Deputy Director/Assistant Director, Credit Risk Specialist

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

Job summary

Government Technology Agency (GovTech) in Singapore is seeking a Credit Risk Specialist to support MAS credit risk supervision of financial institutions. You will evaluate risk management approaches, methodologies and models used by institutions and help develop supervisory policies and guidelines.

The role requires 3–15 years of credit risk experience, with a degree in quantitative fields; postgraduate study or CFA/PRM/FRM would be an advantage.

Qualifications

• 3–15 years of credit risk management experience in a financial institution.
• Degree in Quantitative Finance, Mathematics, or Statistics; postgraduate degree or CFA/PRM/FRM advantageous.
• Understanding of credit processes and scoring models and linkages 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.

Responsibilities

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

Skills

Analytical thinking

Quantitative skills

Written communication

Stakeholder management

Education

Degree in Quantitative Finance

Degree in Mathematics

Degree in Statistics

Postgraduate degree in quantitative fields

CFA / PRM / FRM (professional qualification)

Tools

Statistical software

Job description

What the role is

You are expected to conduct market surveillance, research the latest risk management techniques , and develop supervisory policies / guidelines to financial institutions in Singapore.

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

Candidates with 3–15 years of credit risk management experience within a financial institution, or those with a relevant degree in Quantitative Finance, Mathematics, or Statistics. A postgraduate degree in these fields, or professional qualifications such as CFA, PRM, or FRM, would be an advantage. 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.

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.