ORGANISATIONAL INITIATIVES
     
Content Page
 
Corporate Services Department
Currency Department
Finance Department
General Counsel’s Office
Human Resource Department
Information Technology Department
Internal Audit Department
Strategic Planning Office
Tapping International Expertise
 
 
HUMAN RESOURCE DEPARTMENT
 
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Box 21 – Organisational Priority – Communicating with our People    
 
Partnering for Growth
 
We believe that our Human Resource (HR) initiatives should be aligned with our business strategies, and support the development of organisational capabilities required to meet our corporate objectives. It is essential for HR to work closely with other departments to develop and implement more effective HR programmes. For this purpose, we have formed three service groups, known as HR Partners, with each group responsible for a cluster of departments.

We also developed and implemented a more systematic approach to functional training, starting with the Financial Supervision Group (FSG). Staff will be equipped with the necessary technical competencies to perform their duties well and in pace with market developments. A training unit set up within FSG made good progress to introduce training programmes using the competency-based training roadmaps.

At MAS, training is paramount and a concerted effort has been made to develop leadership skills for all levels of staff. Employee training amounted to S$2.3 million last year, equivalent to 3% of annual payroll.

Looking ahead, we will implement a rigorous training syllabus for all our officers. We have also stepped up efforts to increase the number of staff attachments to financial institutions to enhance our officers’ understanding of commercial practices and considerations.
 
Enhancing Risk-focused Supervisory Approach
Box 1 – Fostering a Sound and Progressive Financial Services Sector
Enhancing MAS’ Supervisory Capabilities
Box 2 – Stress Testing of Life Insurers
Box 3 – Streamlining Inspection Function
Thematic Inspections to Improve Surveillance