Salary.sg Forums - Reply to Topic
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Companies > MAS for Mid Career Professionals

Companies Discuss companies and organisations.




Salary.sg Forums

Thread: MAS for Mid Career Professionals Reply to Thread
Your Username: Click here to log in
Human Verification To prove you are a human and not a computer program that spams, please check the box below and answer any further questions if prompted.

Title:
  
Message:
Post Icons
You may choose an icon for your message from the following list:
 

Additional Options
Miscellaneous Options

Topic Review (Newest First)
Today 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.
Today 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.
Yesterday 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?
24-03-2024 11:30 PM
Unregistered Thanks both for your perspectives. Would the FX experience at MDD be valued in the private sector though?
23-03-2024 09:47 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Sorry to break the news but MAS is not the same influential level as the Fed. As far as i know MDD folks have good outlook within MAS but private sector outlook is quite poor. It is not exactly easy to a good fit in banks outside.
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.
23-03-2024 05:33 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
I'm the one who originally replied you. Private sector values the ability to understand central bank thinking to predict central bank interventions. In the US, S&P 500 is literally reacting to expected rate cuts by the Fed, even before the Fed actually cuts the rates.

Some sensitive functions have the legendary requirement to inform HR of the intent to leave 6 months in advance. But maybe that's why it isn't easy to go private too, unless you can find someone willing to wait for you for 6 months, or inform HR of your intent to leave the moment you join and keep informing them every subsequent month.
Sorry to break the news but MAS is not the same influential level as the Fed. As far as i know MDD folks have good outlook within MAS but private sector outlook is quite poor. It is not exactly easy to a good fit in banks outside.
23-03-2024 05:30 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Some policymaker has gotten into his head that AI can save the service alot of money. So now even other ministries and statboards in other threads are reporting the PB amount is being lower than usual.

So it seems to be in full force throughout the service.
Well who is the ultimate policymaker? If you are not happy with their performance the once every five chance is here soon for you to express your views
23-03-2024 04:55 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
I see, thanks for the insights! Do you happen to know how the MDD team culture is like? And are the team lead/bosses etc okay to work with? I strive under an environment where the bosses are capable and do not micromanage. Am Prepared to work hard if work is meaningful. Also Wrt to the point you mentioned on exit opportunities, does private sector value the experience of MDD staff? I had thought it would not be as transferable. Genuine question as I inferred from past threads that staff usually just rotate, instead of going out.
I'm the one who originally replied you. Private sector values the ability to understand central bank thinking to predict central bank interventions. In the US, S&P 500 is literally reacting to expected rate cuts by the Fed, even before the Fed actually cuts the rates.

Some sensitive functions have the legendary requirement to inform HR of the intent to leave 6 months in advance. But maybe that's why it isn't easy to go private too, unless you can find someone willing to wait for you for 6 months, or inform HR of your intent to leave the moment you join and keep informing them every subsequent month.
23-03-2024 01:39 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
I see, thanks for the insights! Do you happen to know how the MDD team culture is like? And are the team lead/bosses etc okay to work with? I strive under an environment where the bosses are capable and do not micromanage. Am Prepared to work hard if work is meaningful. Also Wrt to the point you mentioned on exit opportunities, does private sector value the experience of MDD staff? I had thought it would not be as transferable. Genuine question as I inferred from past threads that staff usually just rotate, instead of going out.

Not sure but think MDD’s work in direct intervention in forex markets may be transferable to private sector? Think FIs may value some MAS experience..
23-03-2024 12:44 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Depends on the dept you joining. Got less than 1 month bons
Any clues which dept this is? Less than 1 month bonus for average performer like a bit low...
This thread has more than 10 replies. Click here to review the whole thread.

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off




All times are GMT +8. The time now is 08:30 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2