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  #251 (permalink)  
Old 23-02-2021, 05:14 PM
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what is the employee grade # for executive director, may I ask?
unfortunately this is rather true...its typically for their scholars unless you are really a superstar

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  #252 (permalink)  
Old 23-02-2021, 05:27 PM
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what is the employee grade # for executive director, may I ask?
I think it's probably Grade 4-6 somewhere there.
Grade 13 is Trainee Officer/Associate, 0-3 years of experience.
Grade 11-12 is Assistant Director, 3-6 years of experience. Grade 11 and above can be Team Lead already.
Grade 9-10 is Deputy Director.
Grade 8 is Deputy Director who are also Division Head.
Grade 7 should be Director, who may be Division Head or Department Head.

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  #253 (permalink)  
Old 24-02-2021, 12:21 PM
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I think it's probably Grade 4-6 somewhere there.
Grade 13 is Trainee Officer/Associate, 0-3 years of experience.
Grade 11-12 is Assistant Director, 3-6 years of experience. Grade 11 and above can be Team Lead already.
Grade 9-10 is Deputy Director.
Grade 8 is Deputy Director who are also Division Head.
Grade 7 should be Director, who may be Division Head or Department Head.
Generally, senior management (Director and above in MAS), if they wish to move on to the private sector, are they sought after? specially since they might know the regulatory environment well?

or is it that the private sector is not really interested in such people and the only option for those who move will move laterally to other stat board/ministry?

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  #254 (permalink)  
Old 24-02-2021, 02:39 PM
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Generally, senior management (Director and above in MAS), if they wish to move on to the private sector, are they sought after? specially since they might know the regulatory environment well?

or is it that the private sector is not really interested in such people and the only option for those who move will move laterally to other stat board/ministry?
It depends on the department. For example, some non-financial specific work like procurement, or consumer service, I hardly think it is high-paying in the private sector. If it's AML department, which is the trend now, then yes.

I did my own stalking on LinkedIn to see where ex-MAS colleagues went. An Assistant Director from the Insurance or Banking department can become a Manager in Insurance Broker companies, or insurance companies, or AVP in banks.

One of the Team Leads left MAS after 30 years, and can find a job in insurance companies immediately as consultant.
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  #255 (permalink)  
Old 24-02-2021, 05:31 PM
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It depends on the department. For example, some non-financial specific work like procurement, or consumer service, I hardly think it is high-paying in the private sector. If it's AML department, which is the trend now, then yes.

I did my own stalking on LinkedIn to see where ex-MAS colleagues went. An Assistant Director from the Insurance or Banking department can become a Manager in Insurance Broker companies, or insurance companies, or AVP in banks.

One of the Team Leads left MAS after 30 years, and can find a job in insurance companies immediately as consultant.
Thanks for the info, appreciate it
if you director and above, is there job security just like lower levels?
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  #256 (permalink)  
Old 24-02-2021, 06:21 PM
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Thanks for the info, appreciate it
if you director and above, is there job security just like lower levels?
Do you mean job security inside MAS itself? I think MAS hardly asks people to leave. Plenty of people work in MAS for 30-35 years and then retire here. But of course, stuck at glass ceiling of Deputy Director.

This is because there are too many talented people in MAS already. Lots of colleagues who have Masters in Oxford, Cambridge, etc (not a scholar when they joined, but because they perform well, obtain company sponsorship for further studies); and they are high-flyers at work such as representing MAS at various international events.
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  #257 (permalink)  
Old 01-03-2021, 04:02 PM
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Generally, senior management (Director and above in MAS), if they wish to move on to the private sector, are they sought after? specially since they might know the regulatory environment well?

or is it that the private sector is not really interested in such people and the only option for those who move will move laterally to other stat board/ministry?
Even to reach Director, it will be very hard. There is a limited amount of Director roles in the organization. There is probably a waitlist in front of you unless you are a scholar.

But in terms of the portability of skills, as the poster above mentioned, you might be able to get a good deal in a private company.

Banking/insurance/capital market supervision --- risk/compliance roles or even credit roles

Markets and investment --- investment or trading roles

Economic policy --- economist or other research roles

Development --- business development roles due to industry contacts

FinTech --- hot stuff along with Payments

No idea about other departments but some are naturally more in-demand than others.
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  #258 (permalink)  
Old 02-03-2021, 07:05 PM
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Do you mean job security inside MAS itself? I think MAS hardly asks people to leave. Plenty of people work in MAS for 30-35 years and then retire here. But of course, stuck at glass ceiling of Deputy Director.

This is because there are too many talented people in MAS already. Lots of colleagues who have Masters in Oxford, Cambridge, etc (not a scholar when they joined, but because they perform well, obtain company sponsorship for further studies); and they are high-flyers at work such as representing MAS at various international events.
thank you covid-19 for your help
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  #259 (permalink)  
Old 02-03-2021, 07:05 PM
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Even to reach Director, it will be very hard. There is a limited amount of Director roles in the organization. There is probably a waitlist in front of you unless you are a scholar.

But in terms of the portability of skills, as the poster above mentioned, you might be able to get a good deal in a private company.

Banking/insurance/capital market supervision --- risk/compliance roles or even credit roles

Markets and investment --- investment or trading roles

Economic policy --- economist or other research roles

Development --- business development roles due to industry contacts

FinTech --- hot stuff along with Payments

No idea about other departments but some are naturally more in-demand than others.
thank you, very helpful
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  #260 (permalink)  
Old 02-03-2021, 11:17 PM
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Can anyone provide color on the culture and/or nature of work within financial supervision branch? Say for example, between the various supervisory teams (e.g. insurance, banking, capital markets)?


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