Deputy/Assistant Director, Enforcement Policy & Legal (Contract)

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 be a member of the Enforcement Policy and Legal Division of the Enforcement Department.

The Enforcement Department is responsible for investigating and enforcing breaches of the laws administered by the Monetary Authority of Singapore (MAS) under various statutes, including but not limited to the Securities and Futures Act, the Financial Advisers Act, the Trust Companies Act, the Banking Act, the Insurance Act and the MAS Act. The Department jointly investigates certain offences with the Commercial Affairs Department, including offences under Part 12 of the Securities and Futures Act such as insider trading and market manipulation. The Department is also responsible for anti-money laundering enforcement work.

You will advise on a range of enforcement actions, which the Department may undertake such as criminal prosecution, civil penalty actions and other regulatory enforcement action. You will assist in formulating and implementing enforcement-related policy, including drafting and coordinating related legislative amendments. You will also provide assistance to foreign regulators where required under the International Organization of Securities Commission Multilateral Memorandum of Understanding.

The role is multi-faceted, presenting opportunities to be involved in topical issues. You can expect to be challenged intellectually and professionally as you work closely with internal stakeholders (e.g. the Banking, Insurance and Capital Markets supervision departments in MAS) and external stakeholders (foreign regulators and other local enforcement agencies) in a dynamic environment. You will gain insight into how the financial services sector in Singapore operates, and the rules and regulations at work.

What we are looking for

• Recognised law degree and admitted to legal practice in Singapore.
• Preferably with Criminal Prosecution and/or Civil/Commercial Litigation experience. It will be an advantage if you have experience in both prosecution and civil litigation work.
• Strong writing, analytical and communication skills.
• Interest in regulatory/enforcement policy formulation.
• Ability to work well independently as well as in a team.
• Ability to be nimble and manage multiple deadlines.
• Applicants should be Singapore citizens
• 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.