Deputy Director, Technology & Cyber Risk Supervision (CII Oversight)

Monetary Authority of Singapore (MAS); Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

The Monetary Authority of Singapore (MAS) seeks a leader in cyber resilience within its Technology & Cyber Risk Supervision Department. This role involves overseeing compliance with cybersecurity regulations, managing risks, and collaborating with stakeholders to enhance the financial sector's cyber resilience, making a significant impact on Singapore's economic landscape.

Qualifications

• Effective leader with experience in IT/cybersecurity governance and risk management.
• Strong interest and track record in cybersecurity governance.
• Knowledge of Cybersecurity Act and related guidelines will be beneficial.

Responsibilities

• Oversee key financial institutions for compliance with cybersecurity protocols.
• Monitor cyber risks and provide updates on assessments.
• Manage escalation and reporting of cyber incidents.

Skills

Cybersecurity governance

Risk management

Stakeholder management

Project management

Communication

Job description

What the role is

The Monetary Authority of Singapore (MAS) is Singapore’s central bank and integrated financial regulator.
As central bank, MAS promotes sustained, non-inflationary economic growth through the conduct of monetary policy and close macroeconomic surveillance and analysis. It manages Singapore’s exchange rate, official foreign reserves, and liquidity in the banking sector.
As an integrated financial supervisor, MAS fosters a sound financial services sector through its prudential oversight of all financial institutions in Singapore – banks, insurers, capital market intermediaries, financial advisors, and stock exchanges. It is also responsible for well-functioning financial markets, sound conduct, and investor education.
MAS also works with the financial industry to promote Singapore as a dynamic international financial centre. It facilitates the development of infrastructure, adoption of technology, and upgrading of skills in the financial industry.
Join us now, if you have a genuine interest in making an impact to help shape Singapore’s economic and financial landscape.

What you will be working on

You will be part of a dynamic team within the Technology & Cyber Risk Supervision Department in MAS that is responsible for strengthening the cyber resilience of Singapore’s financial sector, and supervising financial institutions (“FIs”) in their technology risk management (TRM) practices.

In this particular role, the officer will be leading a team that is responsible for the following areas of work:

• Oversee key FIs that operate critical information infrastructure (“CII”) in Singapore to ensure compliance with the Cybersecurity Act, Cybersecurity Codes of Practice, and other relevant requirements issued by CSA and MAS

• Monitor cyber risks to financial sector CII and provide timely updates on the risk and impact assessments

• Oversee the escalation, management and reporting of cyber incidents in the financial sector (in accordance with MAS’ FI Incident Management Manual and CSA’s National Cyber Incident Response Framework), and ensure timely and effective response by FIs to contain and manage the incidents

• Work with internal and external stakeholders to drive initiatives in one or more of the following areas:

1. Financial sector CII protection

2. National / inter-agency cyber resilience initiatives

3. Cross-border cyber collaboration with other financial authorities and international standards-setting bodies

4. Cybersecurity workshops and exercises to strengthen cyber resilience in the sector

• Staff MAS principals in meetings and discussions on financial sector CII protection and cyber resilience

What we are looking for

• Effective leader and people manager, with relevant working experience in leading IT/cybersecurity governance, risk management and/or audit teams, or teams working in a related area.

• Strong interest and proven track record in cyber security governance and risk management, and being in a role that requires a good balance of both technical knowledge and soft skills (e.g. communication, project management, stakeholder management).

• Well-versed in the key principles of cyber/information security and the relevant industry best practices, or exhibit the aptitude and ability to acquire and apply these knowledge.

• Knowledge of the Cybersecurity Act, MAS notices and guidelines on cyber security and TRM will be beneficial.