Jane Teo, Banking Department
Mid-career professional, joined in 2010
I started my career in an international audit firm specialising in banking assignments before moving on to join the banking industry as a regional internal auditor. After about a decade in audit, I was ready for new challenges. It was at this time that I was apprised of a career opportunity at MAS which excited me given the changing regulatory landscape subsequent to the global financial crisis. What could be more fulfilling than to be in the team that will help shape the banking industry of tomorrow?
Settling into MAS has been a breeze with good support provided by my team mates, who quickly brought me up to speed on the regulatory developments and the various supervisory issues. The working environment in MAS has been the most conducive in my career thus far; colleagues are willing to go the extra mile to provide support for each other, and to share experience and knowledge. Bosses are encouraging, and one of their top priorities is the ongoing development of their people through relevant exposure, appropriate guidance and suitable training opportunities.
My journey thus far has been very rewarding. Regular engagements with senior global bank management have given me valuable insights into industry developments and the unique issues that their banks faced, which broadened my perspectives. Interactions with other regulators during bilateral meetings and regional conferences enhanced my knowledge of the regulatory developments in other jurisdictions, and the challenges they face in their policy implementation. Further, onsite inspection allowed me to thoroughly examine the bolts and nuts of the various banks’ risk management systems and stay abreast of developing risk management practices.
A supervisor of mine once said “Work in MAS is never static” and how true is that! The banking industry is currently undergoing a series of regulatory reforms; keeping pace with these global developments and the impact on the banks we supervise has indeed been demanding. As banking supervisors, we are constantly faced with new regulatory issues, and it is always interesting (and of course also challenging) to balance new bank initiatives with prudential considerations.
Life is a journey of learning. Being in MAS has certainly allowed me to embark on a journey of continual learning, and it is this sense of professional development that keeps me going as an individual.