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Topic Review (Newest First)
Today 12:51 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
PB out. Happy or sad? How many months you got?
Honestly can't say its bad
Today 12:49 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
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?
The reason why it appears to be a "start-up" is because of how recent payment services are.

The traditional industries like banking, insurance, and asset management have been around for ages so regulation and supervision is well-established and stable to some extent.

However, payment services are the new kid on the block with many permutations, so the department is still finding its footing. It would probably get better/clearer over time.
Yesterday 09:49 PM
Unregistered
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Originally Posted by Unregistered View Post
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
Yesterday 09:45 PM
Unregistered
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Originally Posted by Unregistered View Post
lol @ healthy increment
2023 inflation got 4%. If increment less than this means no increment haha
Yesterday 09:40 PM
Unregistered PB like Sai. What is the average?
Yesterday 09:35 PM
Unregistered lol @ healthy increment
Yesterday 09:33 PM
Unregistered
PB

PB out. Happy or sad? How many months you got?
Yesterday 11:09 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Thanks both for your perspectives. Would the FX experience at MDD be valued in the private sector though?
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.
Yesterday 01:35 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
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.
27-03-2024 10:09 PM
Unregistered 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?
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