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 Banking and Insurance Group and the Capital Markets Group 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 market misconduct offences under Part XII of the Securities and Futures Act with the Commercial Affairs Department. These offences include 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 enforcement policy issues and related legislative amendments. You will also work on requests from foreign regulators under the International Organization of Securities Commission Multilateral Memorandum of Understanding and be involved in related work.
You can expect to be challenged intellectually and professionally as you work closely with internal stakeholders (the Banking, Insurance and Capital Markets supervision departments in MAS) and external stakeholders (foreign regulators and other local enforcement agencies). 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.
- Preference for litigation experience (criminal prosecution / civil or commercial).
- It will be an advantage if you have experience in both prosecution and civil litigation work.
- Preference for experience in advisory work.
- Strong writing, analytical and communication skills.
- Ability to work well independently as well as in a team.
- Applicants should be Singapore citizens
- 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.
