No one is saying that MAS is as influential as the Fed.

You need to market what you bring to the table. There will always be other candidates with more relevant experience, but it's what you value-add to the team as a whole, not just how well you fit the requirements stated in the job ad.

Thanks both for your perspectives. Would the FX experience at MDD be valued in the private sector though?

Any insights for payment department?
Interviewers said it is like a start up.
Does it operate like fintech as well?
The offered package isn’t great at all.. but considering the name of MAS, worth a try?

Staff there told me before the work load can be quite heavy as each officer has numerous payment companies under their supervision (you will be the main contact person for all matters relating to the companies assigned to you, be it questions from the company itself, other departments, bosses, members of public and so on).

Not clear what you mean by operate like fintech. MAS being part of public service, you will have to clear most or all matters (even fairly straightforward outgoing emails) relating to your supervised companies through at least one layer (your team leader), if not two (your division head) or more (department head and above). While I haven’t heard anything very bad about the bosses there, some will find the clearance process a chore as you will find some MAS bosses give a large amount of attention to writing - even for pieces of work that are relatively low on the scale of importance (not intended for public consumption, does not require clearance beyond team leader or division head). It is fair to say the iterative process of rewriting output can consume a large amount of officers time depending on who you get to work with.

As with any job offer, ultimately you have to assess for yourself whether your perception of the “brand name” and learning experience you hope to receive, balanced against other cons of the job that are not apparent before joining, is worth the package offered.

The answer to your question depends on how long you intend to stay and what sort of roles you are looking at after exiting.

It sounds as if the main incentive for you is exit opportunities in private sector. I feel you should be open to the possibility of staying 3-5 years, if not the level of “inside knowledge” (if any) you acquire as a rank and file may not reach the depth for you to compete meaningfully with say analysts who have years of solid operational knowledge in financial institutions.

Not to mention that as other posts raised, minimum notice period for departments with access to sensitive info can be extended beyond 3 months to 6 months or tiagong even a year! By that time, you lucrative job offer may have evaporated as even if the role is willing to wait for you, the norm is to subject staff leaving for FIs to cooling measures - not least restriction in access to information. In short, any “inside knowledge” you come across may no longer be updated or relevant by the time you’re out.

This is not to say there is totally no edge after working at MAS, many have done well in private sector after leaving MAS, but it is likely that those people were brilliant on their own merit and would have thrived whereever they go with or without the regulator experience.

PB
 

PB out. Happy or sad? How many months you got?

lol @ healthy increment

PB like Sai. What is the average?

2023 inflation got 4%. If increment less than this means no increment haha

4% is fake news. Actual increase in price in stores is like 20% at least