Deputy/Assistant Director, Inspection Divisions

Monetary Authority of Singapore (MAS); Singapore; On-site; SGD 60,000 - 90,000; Full time

Job summary

The Monetary Authority of Singapore is seeking candidates for a role focused on conducting inspections of financial institutions. The ideal candidate will have a strong background in bank operations, risk management, and data analytics, with effective communication skills to engage with stakeholders at all levels. This position offers the opportunity to enhance inspection methodologies and contribute to the regulatory framework in a dynamic financial environment.

Qualifications

• Experience in bank operations, internal audit, or risk management.
• Effective communication skills for various stakeholder levels.
• Practical experience with data analytics for risk management.

Responsibilities

• Conduct inspections of financial institutions to assess safety and soundness.
• Develop new approaches and tools for effective inspections.
• Collaborate with Banking Departments for supervisory effectiveness.

Skills

Analytical skills

Communication skills

Project management

Attention to detail

Tools

Data analytics tools

Job description

IMD Inspection Divisions conduct inspections of financial institutions (mainly banks) to assess, amongst others, their safety and soundness, and culture and conduct. IMD constantly refines its inspection methodologies to respond to the shifting risk landscape, so IMD officers will regularly participate in projects to develop new approaches and tools to enhance our effectiveness and efficiency, including through the use of data and technology. IMD works closely with the three Banking Departments to achieve collective supervisory effectiveness of our FIs.

Requirements :

Technical competencies required

1. Applicants should possess a good understanding of bank operations from work experience as an external auditor, or in internal audit, risk management, internal control, or similar functions of a bank. A broad knowledge of key business operations and control units across a bank is preferred, along with deep experience in specific business or risk areas.

2. Effective written and verbal communication skills are essential to clearly present and explain matters to internal and external stakeholders at different levels, including peers, supervisors, and senior management.

3. Practical experience with data analytics and technological tools for risk management, such as deriving insights for decision-making and conducting audits of key risk areas, will be advantageous.

4. Experience in conducting culture, governance, and behaviour assessments within the financial sector is desirable.

Other competencies required

1. A keen eye for detail is necessary, balancing meticulous examination of evidence with the ability to see the bigger picture, including identifying trends, patterns, and impacts.

2. Strong analytical and reasoning skills are required to make balanced assessments, determine the adequacy of controls, and prioritize issues based on risk impact.

3. Good project and time management skills are important to handle competing demands effectively.

As part of the shortlisting process, candidates may need to complete a medical declaration and/or undergo further assessments.

All applicants will be notified within 4 weeks of the closing date regarding their application status.