[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]
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.
[What we are looking for]
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.