[What the role is]

The Financial Advisers Supervision Department (FAS) is responsible for admitting and supervising financial advisory intermediaries (including banks and insurers that provide financial advisory services) and insurance brokers.

FAS supervises and administers rules and regulations under the Financial Advisers Act and Insurance Act (on parts relating to insurance intermediaries) to uphold standards of market conduct among intermediaries and their representatives.

[What you will be working on]

Part of a team responsible for the supervision of financial institutions conducting financial advisory and insurance broking activities. This includes banks and insurers which carry out financial advisory activities, as well as licensed financial advisers.
Involved in assessing the adequacy and effectiveness of financial institutions risk management systems and internal controls, and market conduct practices, through both onsite inspection and offsite review.
Involved in reviews related to the supervision of financial institutions, legislative changes, and current processes.
Involved in conducting data analytics, such as refining or developing supervisory indicators, or performing such analysis as part of your supervision of financial institutions.
Opportunities to interact with other departments in MAS, as well as external parties such as audit firms, industry bodies, foreign regulators, and other government agencies.

[What we are looking for]

Strong audit and analytical skills, and ability to pay attention to details, as well as identify broad trends and issues
Possess knowledge and experience in the use of AI to solve business and operational problems
Comfortable and familiar with working with data, including using data visualisation tools to analyse and present findings effectively. Knowledge and experience in advanced analytics is an advantage.
Possess good written and verbal communication skills
Good working knowledge and experience in financial institutions conducting financial advisory activities
Ability to multi-task and keep to tight timelines
Self-motivated and driven

You will be working in a fast-paced environment that would require the ability to manage multiple priorities and needs of stakeholders, as well as the agility to respond to changes and developments.

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.

Associate/Assistant Director, Financial Advisers Supervision