Assistant/Deputy Director, Regulatory Framework (Prudential Policy Department)

[What the role is]

You will join the dynamic and high-performance Prudential Policy Department (PPD). PPD drives the formulation of prudential policies and capital standards for banks and other relevant financial institutions, to promote a sound, resilient and dynamic financial sector.

Within the Regulatory Framework Division, the team is responsible for developing banking regulations which help to ensure the resilience of banks, shape Singapore’s banking landscape, and address social policy concerns.

[What you will be working on]

You will develop regulatory approaches for the relevant financial institutions, with opportunities to consider issues related to safeguarding household/individuals’ indebtedness, banking liberalisation, banking structure and toeknisation of banking products. Other divisions within the department oversee topics such as bank capital and liquidity standards, bank resolution and deposit insurance.

In the course of work, you will have the opportunity to present your analyses and policy proposals to management, have opportunities to interact with leading industry players and other government agencies to influence and shape policies, and work closely with other functions within MAS. You will develop core expertise in policy analyses and development as well as project management.

[What we are looking for]

• Keen interest in shaping the financial regulatory landscape through regulatory and policy formulation.

• Enjoy having robust discussions to assess issues critically and rigorously, formulate effective and practical solutions, synthesise cross-cutting implications from diverse sources and balance trade-offs between risk and financial sector growth and innovation.

• Good understanding of the financial sector and financial instruments.

• Strong written and oral communication skills.

• High degree of self-motivation and initiative.

• Ability to develop working relationships inside and outside of the department and across agencies.

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