Enhancing and Digitalising MAS' Approach to Grants Administration
| Department | Financial Centre Development Department |
| Preferred internship window | Summer Internship: May to August 2023 |
| Description of Project |
The Financial Centre Development Department supports the growth of Singapore as an international financial hub. 1. 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. 2. 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 | Management for the team, in streamlining such processes - 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 JobFunctions | 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 here . Shortlisted candidates can expect to be notified within a month from the date of application. |
Enhancing Singapore's competitiveness as a financial centre
| Department | Financial Centre Development Department |
| Preferred internship window | Summer Internship: May to August 2023 |
| 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 here . Shortlisted candidates can expect to be notified within a month from the date of application. |
Enhancing and Designing MAS' tax Incentive and reporting system for the Financial Sector
| Department | Financial Markets Department |
| Preferred internship window | Summer Internship: May to August 2023 |
| Description of Project | The MAS grants tax incentives to financial institutions with plans to establish or expand their operations in Singapore. MAS is embarking on a project to revamp and enhance the existing tax application and reporting system to make the incentive application process more customer-friendly, as well as cater for more effective retrieval of data for reporting and analysis purposes. The intern will participate in the development project of a new system. The intern will also support the department's surveillance work in monitoring the ongoing international tax landscape impacting the financial sector. |
| Expected deliverables for the project |
1) Analysis of data from existing tax incentive system 2) Formulation of requirements for a new tax incentive and reporting system 3) Monitoring and reporting of tax developments in other countries affecting the financial sector |
| 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 through participation in the development of a new tax incentive system. |
| Pre-requisites preferred from the intern(s) | Good analytical and writing skills. Responsible team player. Proficiency in Excel. Interest in learning about system development and tax incentives. |
| Other Job Functions | System Development, Policy |
| Keywords related to the project | Tax Policy, Tax Incentive, System Development, Reporting and Analysis, Process Reengineering |
| Apply Now | Apply through our chatbot here . Shortlisted candidates can expect to be notified within a month from the date of application. |
Study on Key Trends, Practices and Policies Among Global Public Investors and Enhancing MAS Global Public Investors Development Strategy
| Department | Financial Markets Development Department |
| Preferred internship window | Summer Internship: May to August 2023 |
| Description of Project | The candidate will conduct research on key trends, practices, and policies of global public investors with the main objective of reviewing and enhancing MAS’ existing global public investors development strategy. This includes refining the existing methodical framework for identifying potential global public investor targets, enhancing and formulating development strategies to anchor global public investors’ activities in Singapore, as well as providing in-depth background on select global public investors such as asset allocation strategies and investment approaches / policies for targeted engagement. |
| Expected deliverables for the project | The internship shall culminate in a written report and oral presentation on the research findings and recommendations. |
| Experience and/or skills that the intern(s) may gain from the internship | The candidate will gain research, analytical, writing and presentation skills, along with direct insights into MAS' developmental function. He or she will also gain first-hand experience in strategy / policy formulation efforts and, should the opportunity arise, be directly involved in stakeholder engagement. At the same time, the candidate will build up knowledge in asset management and develop strong understanding of global public investors’ investment strategies and considerations. |
| Pre-requisites preferred from the intern(s) | University undergraduate (any year of study, any discipline though background in business, finance or economics is a plus). Strong research, analytical and writing skills. Independent and pro-active. |
| Other Job Functions | Stakeholder Management, Asset Management, Policy |
| Keywords related to the project | Asset Management, Funds, Development, Strategy, Global, Trends, Policy, Investors, Investment, Sovereign Wealth Funds, Public Pension Funds, Central Banks |
| Apply Now | Apply through our chatbot here . Shortlisted candidates can expect to be notified within a month from the date of application. |
Research on Alternative Asset Managers - Infrastructure Funds & Trade Finance Funds
| Department | Financial Markets Development Department |
| Preferred internship window | Summer Internship: May to August 2023 |
| Description of Project | To research on the landscape of smaller or niche (e.g. single country, single sector) infrastructure funds and trade finance funds. |
| Expected deliverables for the project | Research report with recommendations |
| 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 | Good research and report writing (note and powerpoint) skills. |
| Other Job Functions | Stakeholder Management |
| Keywords related to the project | Asset Management, Funds, Infrastructure Finance, Trade Finance |
| Apply Now | Apply through our chatbot here . Shortlisted candidates can expect to be notified within a month from the date of application. |
A Study on Digital Funds Utility/Infrastructure across Leading Jurisdictions, and the Opportunities & Challenges surrounding the development of Singapore’s Digital Funds ecosystem.
| Department | Financial Markets Development Department |
| Preferred internship window | Summer Internship: May to August 2023 |
| Description of Project | The candidate will conduct research on Key Industry Trends, Practices and Policies across Leading Fund Jurisdictions including Legal and Regulatory Frameworks, with the objective of informing MAS’ approach towards the development of Singapore’s Digital Funds ecosystem and the underlying Digital Funds Infrastructure. This includes identifying Key Ecosystem Players, their Business Model and how each Player interacts with each other within the Digital Funds Value Chain. |
| Expected deliverables for the project | The internship shall culminate in a written report and oral presentation on the research findings and recommendations. |
| 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) | University undergraduate (any year of study, any discipline though background in business, law, finance, technology or economics is a plus. Candidates with a keen interest in digital assets and the application of blockchain/distributed ledger technology would be considered favourably). Strong research, analytical and writing skills. Independent and pro-active. |
| Other Job Functions | Policy, Stakeholder Management |
| Keywords related to the project | Digital Assets, Blockchain, Distributed Ledger Technology, DLT, DeFi, Fund Tokenisation, Project Guardian, Asset Management, Funds, Development, Strategy, Global, Trends, Policy, Investors, Investment |
| Apply Now | Apply through our chatbot here . Shortlisted candidates can expect to be notified within a month from the date of application. |
Evaluating the competitiveness of Singapore’s financial sector workforce
| Department | Financial Centre Development Department |
| Preferred internship window | Summer Internship: May to August 2023 |
| Description of Project | The individual will drive a comparative study on Singapore financial sector workforce against other global financial centres, including evaluate existing external metrics (e.g. INSEAD’s Global Talent Competitiveness Index), and proposed recommendations to close gaps. |
| Expected deliverables for the project | To present a report on the areas of comparative advantage, and recommendations to close any gaps. |
| Experience and/or skills that the intern(s) may gain from the internship | By the end of the internship, the individual will gain an understanding of the manpower landscape in the financial sector and efforts to develop the financial sector workforce. He or she will also be able to hone critical thinking, project management and stakeholder engagement skills. |
| Pre-requisites preferred from the intern(s) | Economics/finance/business background preferred |
| Other Job Functions | Project Management, Stakeholder Management |
| Keywords related to the project | Manpower, Financial Centre Development, Financial Sector Workforce, Talent Development, Competitiveness |
| Apply Now | Apply through our chatbot here . Shortlisted candidates can expect to be notified within a month from the date of application. |
Engaging Overseas Singaporeans in Finance
| Department | Financial Centre Development Department |
| Preferred internship window | Summer Internship: May to August 2023 |
| Description of Project | The individual will support the development and implementation of an outreach effort to connect with Singaporean finance professionals who are based overseas, and engage them on developments in Singapore’s financial centre. |
| Expected deliverables for the project | To execute the successful delivery of a marketing/communications effort to engage overseas Singaporeans. |
| Experience and/or skills that the intern(s) may gain from the internship | By the end of the internship, the individual will gain an understanding of MAS’ efforts to develop the financial sector workforce. He or she will also be able to hone project management and stakeholder engagement skills. |
| Pre-requisites preferred from the intern(s) | Economics/finance/business background preferred |
| Other Job Functions | Project Management, Stakeholder Management |
| Keywords related to the project | Manpower, Financial Centre Development, Financial Sector Workforce, Talent Development, Talent Attraction |
| Apply Now | Apply through our chatbot here . Shortlisted candidates can expect to be notified within a month from the date of application. |
Developing Singapore's government bond market
| Department | Monetary and Domestic Markets Management Department |
| Preferred internship window | Summer Internship: May to August 2023 |
| Description of Project | The Monetary and Domestic Markets Management Department implements Singapore’s exchange rate centred monetary policy, manages banking system liquidity, and issues and manages Singapore Government Securities on behalf of the Government. As part of the team, you will support the Government Debt Team in exploring ways to further develop Singapore’s government bond market through cross-jurisdictional research, literature review and financial data analysis. You will also have the opportunity to be involved in day-to-day operations of the team, such as market monitoring and public engagement. |
| Expected deliverables for the project | Analysis of one or more types of government bond products (e.g. inflation-linked bonds) and their applicability in Singapore’s context. Deliverables would include written analysis and a powerpoint presentation. You may also be involved in other ad-hoc projects. |
| Experience and/or skills that the intern(s) may gain from the internship | Experience in policy analysis and presentation; ability to deploy data analytics skills; first-hand insight into a core financial market at the heart of the financial sector |
| Pre-requisites preferred from the intern(s) | Economics or finance background preferred; strong analytical and reasoning skills; excellent written and verbal communication skills; resourceful, independent, and able to manage a fast pace of work |
| Other Job Functions | Stakeholder Management |
| Keywords related to the project | Economics, Financial Markets, Policy, Data Analysis, Market Development |
| Apply Now | Apply through our chatbot here . Shortlisted candidates can expect to be notified within a month from the date of application. |
Enhancing FX E-trading Ecosystem
| Department | Financial Markets Development Department |
| Preferred internship window | March to August 2023 |
| Description of Project | Support the execution of the strategy to further anchor key FX e-trading players in our ecosystem. This includes working in a team to process, assess and screen grant applications, as well as supporting team's engagement to cultivate key FX market players. |
| Expected deliverables for the project | Support the team's administration of a new grant scheme and engagement with key market players |
| Experience and/or skills that the intern(s) may gain from the internship | Knowledge of FX markets, key players, infrastructure and market structure. Understanding of financial market development strategy and execution. |
| Pre-requisites preferred from the intern(s) | Strong analytical and writing skills, and comfortable with numbers. Keen interest in financial markets and FX. |
| Other Job Functions | - |
| Keywords related to the project | FX Markets, Developmental Strategy, FX Ecosystem, Grant Administration, Financial Markets |
| Apply Now | Apply through our chatbot here . Shortlisted candidates can expect to be notified within a month from the date of application. |