Senior BCM / BCM Supervisor (Contract)

Monetary Authority of Singapore; Singapore; On-site; SGD 70,000 - 90,000; Full time

Job summary

Join a leading financial regulator as a BCM & DR specialist. You'll oversee policies, conduct inspections, and work with banks to enhance their continuity and recovery plans. Ideal for candidates with a STEM background and a passion for risk management.

Qualifications

• Specialized knowledge in BCM and DR implementation for financial institutions.
• Strong interest in BCM and DR with relevant working experience.

Responsibilities

• Oversee and review BCM & DR policies for financial institutions.
• Conduct onsite and offsite inspections of banks on BCM and DR.
• Engage with banks’ risk management leadership on BCM and DR.

Skills

Communication

Project Management

Teamwork

Education

STEM or related educational background

Professional certifications in BCM or Disaster Recovery

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 oversee and review Business Continuity Management (BCM) & Disaster Recovery (DR) policies and guidance for the financial sector. You will be part of a team of experienced technology and cyber risk management professionals tasked to supervise some of the most important and largest local and foreign bank as well as digital banks in Singapore on their BCP & DR Plan. You will closely oversee and assess the adequacy of the financial institutions’ BCM and Disaster Recovery programmes, take supervisory actions on lapses, direct the banks on actions needed and advise MAS lead supervising departments as well as senior management. You will work with internal and external stakeholders to drive projects and initiatives on BCM and DR, including conducting sector-level business continuity exercises.

In this role, your key responsibilities will be:

• Onsite and offsite inspections of banks and other financial institutions (including Domestic Systematically Important Banks, Critical Information Infrastructure Owners/Operators and global banks) on thematic control areas, such as BCM, DR, Crisis Management and Incident Management.

• Oversee FIs’ management of BCM, IT and cyber incidents, including timely response & recovery, adequate root cause analysis, DR, BCM, public communications and subsequent remediations of control gaps.

• Assess banks’ breaches of MAS regulations, recommendation on supervisory actions, issuance of directions to banks on actions needed, monitoring and assessment of banks’ progress.

• Conduct Boardroom conversations with banks’ Board and Senior Management, closely and regularly engage banks’ risk management leadership on BCM and DR, related risk management and compliance matters, and deep dive with banks’ BCM and DR professionals and auditors on related implementation and operations matters.

• Research on emerging topics on BCM or DR issues as manifested/forecasted in the banks within the team’s portfolio or as assigned, formulate an assessment and supervisory response, presentation of findings and seek approval of recommendations, and manage issues / implement solutions / issue guidance to banks.

• Support Team, Division, Department, Group and MAS roles and duties such as meetings secretariat, management reports, response to public & parliamentary queries, FI incident reporting, escalation to management and MAS crisis management.

Candidates emplaced in more senior positions will be expected to lead the work engagements in some of these areas.

What we are looking for:

The candidate should ideally have / be:

• A STEM or related educational background, related professional certifications in BCM or Disaster Recovery, specialised knowledge in BCM and DR implementation for financial institutions, and good understanding of the international standards and framework related to BCM and DR.

• The aptitude and strong interest in BCM and DR. Candidates with relevant working experience (including in related BCM, DR areas or other technology risk and cyber security areas) can be considered for more senior positions.

• Excellent written and spoken communication skills in English, with a conversation and writing style that emphasizes clarity/readability, robust logic and precision.

• A team player, be able to support & complement team members and work across organisational lines.

• A self-starter, methodical in task execution and meticulous in task deliverables, with key project management skills that include working with limited resources & tight timelines, innovative problem solving and excellent stakeholder management.

This is a contract until Dec 2029. 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.