MAS for Mid Career Professionals

Originally Posted by Unregistered

dd1 now starting 11k ah?

I don’t think so, tiagong from newly promoted DDs it is 10k.

Offer of 11k could be to take into account the OP’s experience in banking.

Originally Posted by Unregistered

MAS doesn't have civil service mid year and end year bonus? Or corporate bonus?

How's the medical benefits and flexibility benefits?

MAS is stat board and under public service, so no civil service mid year or end year bonus.

Benefits depends on the scheme you are appointed on.

Originally Posted by Unregistered

Does anyone know which departments have to frequently OT? And are all staff subjected to the three months’ notice period? Thank you!

I understand that notice period depends on your grade, whether you’re joining FI upon leaving MAS and nature of responsibilities.

For those simply resigning to take a break and not joining FI, it may be as short as 1-2 months. For depts and staff with access to more sensitive info, notice period exceeding 3 months may be imposed.

Originally Posted by Unregistered

There are 4 levels of DD , (DD1, DD2, DD3, DD3).
Where DD3 and DD4, they are Senior DD, but not explicitly written on job title.

In these days, DD3 and DD4 are minimally a Team Lead position, there are old staff that are age 50+ are in DD3/DD4, those are the old birds but we no longer see management will promote individual or specialist track to DD3/DD4 without having additional responsibility either by people or by portfolio.

Don't quote me, but these are the estimates before COVID times.

DD1 - 8.5k to 10k
DD2 - 9.5k to 14k
DD3 - 12k to 16k
DD4 - 14k to 20k

These are inclusive of "Fold-In" where employees only get 1 bonus per year which is the performance bonus average 1.5 months to 5 months depending on performance, department, job function and economy. Typically 2-3 months is most common.

converting to annual, it will be
DD1 - 8.5k to 10k / 102k to 120k
DD2 - 9.5k to 14k / 114k to 168k
DD3 - 12k to 16k / 144k to 192k
DD4 - 14k to 20k / 168k to 240k

Originally Posted by Unregistered

converting to annual, it will be
DD1 - 8.5k to 10k / 102k to 120k
DD2 - 9.5k to 14k / 114k to 168k
DD3 - 12k to 16k / 144k to 192k
DD4 - 14k to 20k / 168k to 240k

The annual package needs to include conservative estimate of 2 months bonus.

Originally Posted by Unregistered

I understand that notice period depends on your grade, whether you’re joining FI upon leaving MAS and nature of responsibilities.

For those simply resigning to take a break and not joining FI, it may be as short as 1-2 months. For depts and staff with access to more sensitive info, notice period exceeding 3 months may be imposed.

Is the settlements department considered a dept that has access to sensitive info?

Originally Posted by Unregistered

converting to annual, it will be
DD1 - 8.5k to 10k / 102k to 120k
DD2 - 9.5k to 14k / 114k to 168k
DD3 - 12k to 16k / 144k to 192k
DD4 - 14k to 20k / 168k to 240k

Post covid i believe you just add 1k to all the monthly figures?

How to do I know for sure if i need to serve 3 months notice? employment agreement is not very clear to me.

Originally Posted by Unregistered

How to do I know for sure if i need to serve 3 months notice? employment agreement is not very clear to me.

There are more details in one of the internal HR guidelines. Open your browser and navigate to employee resources.

Originally Posted by Unregistered

How to do I know for sure if i need to serve 3 months notice? employment agreement is not very clear to me.

three mths notice for such meagre pay and role… hmm