Deputy/Assistant Director, Financial Advisers Supervision (Contract)

Overview

The Financial Advisers Supervision Department (FAS) manages the licensing and oversight of financial advisory intermediaries, including banks and insurers providing advisory services and insurance brokers. It enforces regulations under the Financial Advisers Act and Insurance Act to maintain high standards of market conduct among intermediaries and representatives.

Key Responsibilities

• Supervise financial institutions involved in financial advisory and insurance broking activities, such as banks, insurers, and licensed financial advisers.
• Address public inquiries related to licensing, regulation, supervision, and market conduct.
• Evaluate applications, notifications, and regulatory documents submitted by financial entities and their representatives.
• Support supervisory reviews, legislative reforms, and process enhancements within the supervision of financial institutions.
• Engage and collaborate with internal teams and external stakeholders to resolve supervisory matters and keep up with regulatory and industry developments.
• Maintain interaction with other MAS departments, audit firms, industry groups, foreign regulators, and government agencies.

Candidate Profile

• Demonstrated strong auditing and analytical skills with excellent attention to detail and ability to identify broad trends.
• Effective written and verbal communication abilities.
• Experience and a solid understanding of financial institutions conducting advisory activities.
• Capability to handle multiple assignments and meet tight deadlines.
• Experience in reviewing reports, data analysis, and application assessment is advantageous.
• Self-driven and highly motivated individual capable of adapting in a fast-paced environment.

Additional Information

This position is offered on a one-year contract basis. The role demands managing competing priorities and being agile in response to industry changes. Candidates may have to complete a medical declaration and/or additional assessments during shortlisting. Applicants will be informed of their application status within four weeks after the closing date.