Senior/Lead Economist, Macroprudential Surveillance Department (Contract)

Monetary Authority of Singapore; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A central bank in Singapore is seeking a candidate for the Macroprudential Surveillance Department. This role involves conducting stress testing and surveillance of the financial sector. Responsibilities include research on macro-financial trends, presenting assessments, and contributing to the Financial Stability Review. Ideal candidates should have strong quantitative and analytical skills, with a degree in a relevant field. A 2-year contract is offered with an emphasis on independent and team-oriented research.

Qualifications

• Quantitative skills and/or relevant work experience would be an advantage.
• Strong analytical skills with a good understanding of current macroeconomic and financial issues.
• Ability to produce timely research, both independently and as part of a team.

Responsibilities

• Conduct stress-testing of financial risks to Singapore’s financial system.
• Identify vulnerabilities and assess implications for financial stability.
• Contribute to research pieces on banking sector vulnerabilities.

Skills

Quantitative skills

Data analytics & processing skills

Strong analytical skills

Good written and strong presentation skills

Education

Degree in Economics, Finance or Econometrics

Tools

R

Job description

What the role is:

The Macroprudential Surveillance Department conducts surveillance of the global and domestic financial systems to identify emerging trends and vulnerabilities. The Department undertakes policy-relevant studies on macro‑financial linkages, systemic risk and other financial stability issues. It works closely with MAS' supervisory departments to ensure that both macro‑ and micro‑prudential perspectives are brought to bear on financial stability issues.

What you will be working on:

You will conduct stress testing and regular surveillance and analysis of the Singapore financial sector, with a particular focus on scenario analyses and stress testing of financial risks. You will be expected to undertake or advise others in carrying out research on financial stability issues that are of relevance to MAS as a central bank and integrated supervisor of the financial services sector. You will have the opportunity to present your assessments to senior management and shape international and domestic thinking on financial stability and policymaking. The department’s research output will be published in MAS’ annual Financial Stability Review. The candidate is expected to be self‑motivated and creative, with a keen interest in the use of quantitative methods in macro‑financial research.

Specific work responsibilities include:

• Conduct stress‑testing of conjunctural and longer‑term financial risks (including climate risk) to Singapore’s financial system, identify vulnerabilities, and assess the implications for financial stability. Keep abreast of key international macroeconomic and financial developments, and draw out the potential risks and spillovers to the financial system in Singapore. Conduct surveillance and research on Singapore’s banking sector and financial system, identify vulnerabilities, and assess the implications for financial stability. Contribute to research pieces and regular macro‑financial updates to senior management.
• Undertake special topical studies on the financial sector and markets in the Singapore and regional economies, and draw out relevant insights for Singapore, as well as contribute to the international policy discussions on global and regional financial stability. Possible topics could include further studies on credit, liquidity and market risk stress testing, banking system vulnerabilities, financial stability implications of climate change, macroprudential stance and policy measures.

What we are looking for:

• Quantitative skills (e.g. econometrics) and/or relevant work experience would be an advantage, or degree in Economics, Finance or Econometrics
• Data analytics & processing skills (e.g. R)
• Strong analytical skills, with good understanding of current macroeconomic and financial issues
• Good written and strong presentation skills
• Ability to produce timely research, both independently and as part of a team

The successful candidate will be offered a 2-year Contract. 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.