Deputy / Assistant Director, Monetary & Domestic Markets Management

Monetary Authority of Singapore (MAS); Singapore; On-site; SGD 40,000 - 80,000; Full time

Job summary

An established industry player is seeking a motivated individual to join their Monetary & Domestic Markets Management Department. This role offers a unique opportunity to engage in foreign exchange operations and liquidity management, contributing to the implementation of Singapore's monetary policy. The position promises a dynamic work environment where you will collaborate with various stakeholders, gaining invaluable insights into financial markets. Ideal for those eager to learn and make a tangible impact, this role emphasizes teamwork and analytical skills, preparing you for a rewarding career in public service and monetary policy.

Qualifications

• Energetic and keen to learn about macroeconomics and financial markets.
• Strong commitment to public service and teamwork.

Responsibilities

• Conduct foreign exchange intervention operations to manage the Singapore dollar.
• Lead projects to enhance foreign exchange and liquidity management operations.

Skills

Analytical Skills

Communication Skills

Teamwork

Interest in Macroeconomics

Detail-oriented

Education

Degree in Economics or Finance

Job description

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.

Requirements :

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.