Financial Sector Development

Learn more about the different projects we offer and its details such as pre-requisites, duration, deliverables, etc.

January 2024 - June 2024

There are no projects available for this period.

May 2024 - July 2024

Legislative Project on Proposed Amendments to the VCC Act
Department Financial Markets Development
Description of Project The candidate will work closely with the Funds team alongside external legal counsel(s) on the proposed legislative amendments to the VCC Act. The candidate will be expected to conduct research (including research on legislations of comparative fund structures across various leading fund jurisdictions for purpose of international benchmarking), assist with the public consultation process (such as reviewing and consolidating submissions from the public and assist with the drafting of MAS' response to the public consultation), reviewing draft legislations and any other ad-hoc duties as may be assigned from time to time.
Expected deliverables for the project The candidate will support the team on the stated project and liaise with external legal counsels if need be.
Experience and/or skills that the intern(s) may gain from the internship The candidate will gain research, analytical, writing, drafting, and stakeholder management skills. He or she will also gain direct insights and first-hand experience in policy formulation efforts, legislative drafting and enactment process.
Pre-requisites preferred from the intern(s) University undergraduate pursuing a law degree or double degree / major in law and business, finance or economics (both local and overseas universities acceptable). Strong research, analytical and drafting skills. Candidate should be meticulous, conscientious and can work well independently without much supervision.
Apply Now Apply here . Shortlisted candidates can expect to be notified within a month from the date of application.
Measuring Singapore's Competitiveness As A Financial Centre
Department Financial Centre Development
Description of Project 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. The intern will support the department's work in developing frameworks to measure the competitiveness of Singapore’s financial centre across various areas. In particular, the intern will support the department's new initiative on developing success indicators for various sub-sector (e.g. banking, insurance, asset management), asset classes (e.g. FX, equity, debt), and horizontals (e.g. manpower, grants), and developing frameworks and dashboards to monitor them.
Expected deliverables for the project The intern will support the team in the following projects:
- 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
- Work with various asset class teams to understand the desired outcomes for their asset classes, and develop the key outcome and output indicators
- Develop a framework and dashboard to monitor these indicators
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. Dashboarding Data visualisation skills and ability to design interactive dashboards  isare a plus.
Apply Now  Apply here . Shortlisted candidates can expect to be notified within a month from the date of application.
Singapore's Financial Centre Tax Competitiveness Analysis
Department Financial Centre Development
Description of Project 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. The intern will support the department's work in analyzing the competitiveness of Singapore's financial sector in the area of taxation. In particular, for REITs and Insurance for this project period. The findings will be used to inform our tax policy review on the tax incentives in these sectors.

Develop a data visualisation platform to enable effective monitoring, analysis and reporting of investment performance and risk metrics of the reserves portfolio.
Expected deliverables for the project Deep dive on Singapore's REIT and insurance sectors, and the available tax support. Prepare a report comparing the Singapore’s regime to that of relevant competitor jurisdictions.
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 tax 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
Apply Now  Apply here . Shortlisted candidates can expect to be notified within a month from the date of application.

July 2024 - December 2024

Legislative Project on Proposed Amendments to the VCC Act
Department Financial Markets Development
Description of Project The candidate will work closely with the Funds team alongside external legal counsel(s) on the proposed legislative amendments to the VCC Act. The candidate will be expected to conduct research (including research on legislations of comparative fund structures across various leading fund jurisdictions for purpose of international benchmarking), assist with the public consultation process (such as reviewing and consolidating submissions from the public and assist with the drafting of MAS' response to the public consultation), reviewing draft legislations and any other ad-hoc duties as may be assigned from time to time.
Expected deliverables for the project The candidate will support the team on the stated project and liaise with external legal counsels if need be.
Experience and/or skills that the intern(s) may gain from the internship The candidate will gain research, analytical, writing, drafting, and stakeholder management skills. He or she will also gain direct insights and first-hand experience in policy formulation efforts, legislative drafting and enactment process.
Pre-requisites preferred from the intern(s) University undergraduate pursuing a law degree or double degree / major in law and business, finance or economics (both local and overseas universities acceptable). Strong research, analytical and drafting skills. Candidate should be meticulous, conscientious and can work well independently without much supervision.
Apply Now Apply here . Shortlisted candidates can expect to be notified within a month from the date of application.