Deputy / Assistant Director, Monetary & Domestic Markets Management

Monetary Authority of Singapore; Singapore; On-site; SGD 50,000 - 90,000; Full time

Job summary

Join a forward-thinking organization as you help shape Singapore’s economic landscape. This role offers a unique opportunity to engage in monetary management, domestic markets, and market information infrastructure projects. You will work closely with high-performing teams, gaining firsthand experience in implementing monetary policy and interacting with industry players. The position is ideal for those eager to learn and make a tangible impact in the financial sector, contributing to a sound and progressive financial center. If you are self-driven and passionate about finance, this is the perfect place for you.

Qualifications

• Energetic and keen to learn with interest in macroeconomics and financial markets.
• Strong commitment to public service and teamwork.
• Analytical and detail-oriented with good communication skills.

Responsibilities

• Conduct foreign exchange intervention operations and manage liquidity conditions.
• Lead projects to enhance foreign exchange and liquidity management operations.
• Develop systems and data analytics solutions to support central bank operations.

Skills

Analytical Skills

Communication Skills

Teamwork

Detail Orientation

Interest in Macroeconomics

Education

No specific degree required

Tools

Data Analytics Solutions

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]

The Monetary & Domestic Markets Management Department (MDD) conducts market operations to implement MAS’ monetary policy and serves as fiscal agent of the Singapore Government. 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, money market operations to manage liquidity conditions within the banking system, and issue Singapore Government Securities. You will also be responsible for gathering market intelligence and providing updates to MAS ministers and 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. Depending on the team in which you are placed, this can include:

• Monetary management: You will lead projects to enhance the conduct of foreign exchange and liquidity management operations, including to ensure readiness for intervention and lender of last resort functions amidst heightened financial market volatility.

• Domestic markets: You will drive initiatives to grow the sovereign bond market as the bedrock of Singapore’s capital markets, and participate in sovereign bond issuances. You will also explore ways to enable greater retail access to Singapore Government Securities.

• Markets information infrastructure: You will develop systems and data analytics solutions to support central bank operations. You will also be involved in projects to re-design processes and explore new tech solutions to improve our operations.

The work is interesting and challenging. You can expect to gain:

• A first-hand understanding of how Singapore’s monetary policy is implemented and how government borrowings are conducted;

• Mandate and wherewithal to tangibly impact financial markets, the economy and the general public;

• The opportunity to engage with experienced industry players (e.g. banks, institutional investors in Singapore Government Securities and other domestic market participants) as well as other central bankers; and experience 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 required as extensive training will be conducted on-the-job. Applicants should be Singapore citizens. Applicants should be prepared that they will be periodically tasked to monitor foreign exchange markets overnight as part of their operational duties.

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.