Deputy/Assistant Director, Financial Advisers Supervision (Contract) at Public Service Division

, , Singapore -

Full Time

Start Date

Immediate

Expiry Date

17 Apr, 26

Salary

0.0

Posted On

17 Jan, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Audit Skills, Analytical Skills, Attention To Detail, Communication Skills, Risk Management, Internal Controls, Market Conduct Practices, Multi-tasking, Self-motivated

Industry

IT Services and IT Consulting

Description

[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. 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 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 This is a 1-year contract position. 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. http://jobs.careers.gov.sg The Singapore Public Service plays a key role in the economic growth, progress and stability of Singapore by formulating and implementing government policies, as well as providing key public services. Whether you are a fresh graduate joining the workforce or an experienced professional, the Singapore Public Service offers a great variety of job opportunities for you. The work in the Public Service can be broadly categorised into the following sectors: Economic, Social, Security & External Relations, and Administration & Corporate Development. Be part of the team that shapes the future of Singapore. Log on and take your first step towards a career that matters! Need help? Please click here for assistance. Our team will contact you shortly!

Responsibilities

The role involves supervising financial institutions conducting financial advisory and insurance broking activities, assessing risk management systems and internal controls. It includes both onsite inspections and offsite reviews, as well as interactions with various stakeholders.