Development

Learn more about the different projects we offer and its details such as pre-requisites, duration, deliverables, etc.
(CLOSED) Sustainability Finance Solutions
Department Financial Markets Development Department
Preferred internship window Summer Internship: May to August 2022
Description of Project The individual is to undertake a study looking at the different approaches/methodologies that the financial industry has taken towards labelling various financial products as transition even as the taxonomies on green/transition activities are still being developed. As a specific example, London Stock Exchange’s Transition Bonds Segment requires at least Transition Pathway Initiative (TPI) level 3 on the TPI management quality scale, together with two-degree aligned carbon performance/targets. 

The individual is to also undertake a study looking at the different approaches/methodologies that the financial industry has taken towards scaling up blended financing solutions. In particular, more energy transition mechanism solutions are being developed, e.g. for coal fired power plants to be purchased and retired early, and the individual will study the mechanics of how the economics of these financing solutions works. 
Expected deliverables for the project Study Report detailing the above
Experience and/or skills that the intern(s) may gain from the internship
  • Research
  • Sustainable finance
Pre-requisites preferred from the intern(s) Finance, business, accountancy, environmental engineering, environmental management, environmental science background preferred
Other JobFunctions -
Keywords related to the project -
Apply Now Apply through our chatbot .Shortlisted candidates can expect to be notified within a month from the date of application.
(CLOSED) Enhancing Singapore's competitiveness as a financial centre
Department Financial Centre Development Department
Preferred internship window  Summer Internship: May to August 2022 
Description of Project 1. The Financial Centre Development Department supports the growth of Singapore as an international financial centre and fosters key strategic activities and capabilities to deepen Singapore's position as a world-class financial hub.
2. The intern will support the department's work in monitoring and analysing the competitiveness of Singapore's financial sector. In particular, the intern will support the department's new initiative on an in-depth competitiveness stocktake of Singapore's performance against competing financial centres and assessment of the success of our developmental strategies.
3. The intern will also assist in our study on the longer-term impact of COVID-19 and broader geopolitical developments on Singapore's value proposition as a business hub, as well as research on trends relevant to the overall competitiveness of Singapore as a financial sector.
Expected deliverables for the project The intern will support the team in the following projects:
1. Research on benchmarks and indicators to measure the performance of Singapore as a financial centre and our progress vis-a-vis other jurisdictions in specific asset classes
2. Deep dive on Singapore's position as a financial hub vis-a-vis other key financial centres, in a post-COVID-19 world and new global order
3. Monitoring of threats or competitive pressures on Singapore arising from these new trends or other centres.
4. Development of preliminary areas of focus or concerns for Singapore with respect to its position as a global financial hub and business hub.
Experience and/or skills that the intern(s) may gain from the internship  The intern will gain insights on MAS' role in Singapore's financial centre development and policy formulation, as well as hone writing, analysis and presentation skills for the workplace.
Pre-requisites preferred from the intern(s)  Good analytical, writing and research skills, interest in financial centre development work and current affairs, good team player, good with developing PowerPoint presentations.
Other Job Functions  Business Process Review, Strategy development
Keywords related to the project Financial centre development, research and analysis, horizon scanning, policy formulation, futures and strategy
Apply Now  Apply through our chatbot . Shortlisted candidates can expect to be notified within a month from the date of application.
(CLOSED) Capital Markets Strategy
Department Financial Markets Development Department
Preferred internship window  Summer Internship: May to August 2022 
Description of Project Working with market participants to develop a capital market strategy on specific asset classes
Expected deliverables for the project Conduct research and garner market feedback on specific asset classes, working towards an action plan; Assist in agenda-setting and event organisation
Experience and/or skills that the intern(s) may gain from the internship  Exposure to key capital markets and key industry participants; Knowledge in specific asset classes and product types
Pre-requisites preferred from the intern(s)  Self-starter; Strong interpersonal skills; Diligent; Excel and Powerpoint skills; Ability to speak Mandarin an advantage.
Other Job Functions  Capital Markets, Strategy development
Keywords related to the project Capital Markets, Research, Development, Strategy, Policy
Apply Now  Apply through our chatbot . Shortlisted candidates can expect to be notified within a month from the date of application.
(CLOSED) Developing Singapore's Insurance Linked Securities Eco-system
Department Financial Markets Department
Preferred internship window  Summer Internship: May to August 2022 
Open to summer and winter internships
Description of Project 1. The intern will conduct research on insurance linked securities (an innovative insurance solution), specifically, the different types of insurance linked securities and their structure and applications, types of supporting tax and regulatory structures required for these, existing tax and regulatory structures in competing jurisdictions, and recommend a strategy for Singapore to grow as a hub for insurance linked securities.
2. The intern will also identify key insurance industry players with such capabilities, and support the development of grants and levers to anchor such capabilities in Singapore.
Expected deliverables for the project Report and presentation with comparison of different types of insurance linked securities, tax and regulatory structures supporting such securities, and projections of value add that Singapore's insurance industry can capture from this eco-system.
Experience and/or skills that the intern(s) may gain from the internship  Writing and analytical skills, understanding of key levers and policy considerations in developing the insurance eco-system in Singapore.
Pre-requisites preferred from the intern(s)  Good writing and analytical skills.
Other Job Functions  Insurance linked securities, Strategy development
Keywords related to the project Development , insurance market development, strategy development, policy making
Apply Now  Apply through our chatbot . Shortlisted candidates can expect to be notified within a month from the date of application.
(CLOSED) Philanthropy
Department Financial Centre Development Department (FDD)
Preferred internship window  Summer Internship: May to August 2022 
Description of Project 1. Philanthropy - Focus on US, UK, Hong Kong Objective: Build evidence on comparison with other countries and support narrative for competitive advantages to be developed in Singapore in future conversations with other government agencies and stakeholders, as well as crafting data points for briefs and speeches
Scope of work:
• Philanthropic needs (top areas of giving, locally or overseas)
• Stakeholder map and local philanthropy ecosystem
• Top family foundations (to become targets)
• Regulations on foundations/DAFs and the philanthropy sector

2. Philanthropy Database Objective: Build database of projects to support
Scope of Work:
• Identification of prominent local and international organisations based in Singapore
• Gathering their details e.g. point of contact, number of active donors, minimum donation sum required, due-diligent processes, expenditure/operating expenses and their initiatives to include into our database
• Consultations with selected organisations to understand more about focus causes.
Expected deliverables for the project Report, results presentation and projects database
Experience and/or skills that the intern(s) may gain from the internship  Teamwork, problem solving, policy making, communication
Pre-requisites preferred from the intern(s)  Ability to source data, analyze and write. Proficient in Microsoft Powerpoint, Excel, Word.
Other Job Functions  Philanthropy, Business Analytics
Keywords related to the project Philanthropy, data, development, bank, ministry, government, nation, foundation, international organisation,
Apply Now  Apply through our chatbot . Shortlisted candidates can expect to be notified within a month from the date of application.
(CLOSED) Private Banking Industry Development and Enhancements to Data Collection Methodology
Department Financial Centre Development Department (FDD)
Preferred internship window  Summer Internship: May to August 2022 
Description of Project Singapore has established itself as one of the leading private banking and wealth management centres globally and in Asia. To help support the continued growth of the industry and channel wealth towards meaningful purposes, we are looking for a self-driven individual looking for dynamism in an internship, to participate in MAS’ strategic efforts in developing Singapore’s private banking industry.

In this role, the individual will participate in efforts to raise Singapore’s profile as an international wealth management centre through participation in initiatives to engage the industry, raise Singapore’s profile and enhance the wealth management eco-system.

The candidate will also be involved in enhancing the data collection process for the private banking industry, including working with large databases employing coding and data analytics techniques.
Expected deliverables for the project 1. The candidate would support MAS’ participation in industry engagement initiatives, efforts to raise Singapore’s profile as an international wealth management centre (e.g. participation in events, drafting of publicity materials) as well as projects to enhance the wealth management eco-system (e.g. investment in private equity, sustainable finance and participation in philanthropy).
2. The candidate would also help to enhance the analytics process for the private banking data collected by MAS, employing coding and data analytics, in order to enhance the agility with which data can be analysed.
Experience and/or skills that the intern(s) may gain from the internship  The intern will gain insights on MAS' role in Singapore’s financial centre development and as a wealth management hub as well as develop stakeholder engagement skills. The intern would also be able to put into practice, technical knowledge in programming and data analytics. The role also provides a useful preview of a future role in MAS and the Development Group.
Pre-requisites preferred from the intern(s)  The intern should be a self-driven individual with strong initiative to see through projects independently, have sound writing ability and experience or background in programming (e.g. Python) and data analytics techniques.
Other Job Functions  Private Banking, Data Analytics
Keywords related to the project Wealth management, private banking, data analytics, industry development, programming, coding
Apply Now  Apply through our chatbot . Shortlisted candidates can expect to be notified within a month from the date of application.
(CLOSED) Enhancing and Digitalising MAS' Approach to Grants Administration
Department Financial Centre Development Department (FDD)
Preferred internship window  Summer Internship: May to August 2022 
Description of Project 1. The Financial Centre Development Department supports the growth of Singapore as an international financial hub.
2. The intern will support the department's work in the management and administration of the Financial Sector Development Fund (FSDF), which aims to facilitate Singapore's growth as a financial centre through grant incentives. Specifically, the intern will have the opportunity to support the team's ongoing work to digitalise and streamline the grants administration process, and to establish and review governance policies for effective grants management.
3. The intern will also be able to shadow experienced officers in engaging with internal and external stakeholders, and gain hands-on experience with project planning and management.
Expected deliverables for the project The intern will support the team in the following projects:
1. Assist in the management and administration of the FSDF and facilitate Singapore's growth as a financial centre through grant incentives
2. Explore, propose and design potential solutions to digitalise the grants evaluation and disbursement processes, including but not limited to the use of Robotic Process Automation tools to potentially automate certain manual processes
3. Identify ways to improve the department's service monitoring and claims review process, and support the change management for the team, in streamlining such processes
4. Review governance policies and service standards for grants administration with a view to recommending areas of enhancement
Experience and/or skills that the intern(s) may gain from the internship  The intern will gain insights on how MAS conducts its grants administration as an integral part of financial centre development, and get exposure to policy-related considerations on governance and process. Through the project, the intern will develop skills in project management and change management.
Pre-requisites preferred from the intern(s)  Good analytical and writing skills, good team player. Some experience or prior experience in system development, process redesign and/or some knowledge in automation tools would be a bonus, but not required.
Other Job Functions  Robotic Process Automation (RPA), Grant Management
Keywords related to the project Project management, financial centre development, policy and governance, digitalisation, process streamlining, process redesign
Apply Now  Apply through our chatbot . Shortlisted candidates can expect to be notified within a month from the date of application.
(CLOSED) Enhancing and Designing MAS' Tax Incentive Application and Reporting for the Financial Sector
Department Financial Centre Development Department
Preferred internship window  Summer Internship: May to August 2022 
Description of Project 1. The MAS grants tax incentives to financial institutions with plans to establish or expand their operations in Singapore. In its continuous effort to leverage on tax incentive as a lever to develop the financial sector, MAS is embarking on a project to revamp and enhance the existing tax application and reporting system and work process to make the incentive application process more customer-friendly, as well as cater for more effective retrieval of data for reporting and analysis purposes.
2. The intern will learn to use the existing tax incentive application and reporting system and participate in the development project of a new system.
3. The intern will support the department's surveillance work in monitoring the ongoing tax landscape in the financial sector and have the opportunity to learn about current international tax policy issues.
Expected deliverables for the project 1. The intern will use the existing tax incentive system to generate reports, perform data analysis and become familiar with the existing system. The intern will be part of the team formulating and proposing requirements for a new tax incentive and reporting system, including mapping out the current work processes and suggesting improvements.
2. Surveillance work on specific international tax policy issues and monitoring of financial sector-related tax developments and issues which have an impact to Singapore.
Experience and/or skills that the intern(s) may gain from the internship  The intern will learn the main criteria and rationale of the key tax incentives for the financial sector, and appreciate the role of tax levers in financial sector development. In addition, the intern will gain experience in process re-engineering work and project management to meet the needs of stakeholders. Through the surveillance work on international tax developments, the intern will gain insights on the current and pressing issues in the financial sector tax landscape.
Pre-requisites preferred from the intern(s)  Good analytical and writing skills, responsible, good team player and willingness to learn. Proficiency in Excel is required, and some knowledge of the financial sector and tax will be a plus.
Other Job Functions  Tax, Business Analytics
Keywords related to the project Tax policy, tax incentive, international development, reporting and analysis, surveillance work
Apply Now  Apply through our chatbot . Shortlisted candidates can expect to be notified within a month from the date of application.