Our People

Meet a few of our people from different roles – from mid-career professionals to Graduate Officers, past interns and scholars.

Amritpal Singh Sidhu - Assistant Director, Technology & Cyber Risk Supervision

Mid-Career Professional, joined in 2015

I graduated from SMU with a BSc (Information Systems and Law) before starting out as an IT Auditor in the private sector. Since joining MAS in 2015, I have been working with my colleagues in TCRD where we perform assessments on the technology risk management practices of our financial institutions. We also formulate policies and strategies to build cyber resilience in the financial sector.

My experience in MAS has been exciting and diverse. I perform technology risk focused inspections on financial institutions from the capital markets and payments sectors. I also participate in international working groups that develop international standards and guidance on technology and cyber risk. I have also been involved in numerous intra- and inter-agency projects, gaining a better appreciation about the diverse services and initiatives that the public sector supports.

Being a part of the MAS family is not all work and no play! We also have inter-department games and I have been privileged to be able to participate in the annual Inter-Central Bank Games where we have friendly sports competitions while forging strong ties with peer regulators in the region. In my free time, I enjoy running and rock climbing, contributing to community service work, as well as reading up on current affairs, technology trends, and manga.

Due to the varied nature of work done by TCRD, we have to be nimble and adapt quickly to new IT practices and business trends that can impact our approach to regulating and supervising FIs. We also regularly review our workflows to determine if applying a tool or redesigning the work process would enable more efficient and effective outcomes. For example, we developed a toolkit that would enable partner departments’ supervisors who are not technology specialists to perform assessments on the technology risk posture of FIs in their portfolios.

Also, in the last two years, with the fast evolving cyber landscape birthing new threats at a rapid pace, we worked together with the IT Department to build the Financial Sector Security Operations Centre where we conduct research and surveillance through a Cyber Threat Intelligence Management System to analyse both open and closed source cyber threat intelligence which include news and alerts on the latest hacking tools and techniques as well as cyber security solutions.

Moving forward, we are looking into new assessment techniques that take advantage of insights that data analytics tools and techniques can provide us as we stay abreast with technology adoption trends and identify potential risks in the financial sector.

Moses Soh – Economist, Macroprudential Surveillance Department

Scholar, joined in 2018

I spent four years in the USA on the MAS and President’s scholarship, where I completed a Bachelor of Science in Economics from the Wharton School of Business at the University of Pennsylvania and a Masters in Finance from Princeton University. 

I also obtained a Graduate Certificate in Artificial Intelligence from Stanford University. During term breaks, I had the chance to work as a summer analyst in a large technology-focused private equity firm, and in a Y Combinator-backed start-up as one of its first engineers. I also explored places such as Puerto Rico, and spent time in Europe couch surfing and travelling on a budget, which made the trips even more memorable. MAS and the scholarship gave me the freedom and financial support to pursue my interests to the fullest. These experiences broadened my horizons considerably.

After I returned to Singapore, I started at MAS as an economist in the Economic Policy Group’s Macroprudential Surveillance Department, where we monitor emerging trends and international developments to identify risks to Singapore’s financial system. The work is fast-paced and interesting due to the range of global developments relevant to Singapore. In addition, the financial sector is also changing rapidly with technology. I have had the chance to apply programmatic data analysis, statistics and machine learning to a range of business problems, including in the emerging digital token/blockchain space and more traditional global macro analysis. The various digital transformation projects in my department and across MAS have also allowed me develop softer skills while furthering my interests in design and rapid prototyping.

I took on a public service scholarship because I have always felt strongly about working for something beyond my own interests, and paying my own way through university. In particular, I am motivated by a desire to understand how the world works, especially through the lens of the economy and financial markets. I like to reassure students considering a scholarship that they are not alone in feeling that they are “taking a leap of faith”. However, many of life’s most rewarding decisions involve similar steps into the unknown. At points like this, I have found it useful to remember the ample space we have to make our choices the right ones for ourselves. 

Chew Jia Yi - Assistant Director, International Department

Graduate Officer, joined in 2013

With a business and accounting degree, the natural career path was for me to join accounting firms or banks after graduation. Similar to my peers, practical considerations over remuneration, career prospects and promotion mattered, yet a part of me yearned to do something more fulfilling – to make a difference for a greater cause, no matter how small a role it might be.

This was the reason why I decided to join MAS in 2013. The opportunity to contribute to the financial industry of Singapore, as well as to improve the daily lives of Singaporeans, appealed to me.
I first joined the Capital Markets Intermediaries (CMI) Department. As a young officer, there was a lot of guidance given by my bosses and colleagues, and the journey was enriching. I had to develop technical knowledge on MAS’ regulations, regulatory instruments and policy positions on the various issues, make legislative amendments to reflect new policy intent, conduct inspections on CMIs, and understand new business models in order to license and supervise new entrants. The work was meaningful as I could see the direct impact and value of my work for e.g. imposing certain regulatory or enforcement actions against CMIs/individuals for lapses/misconduct so as to protect ordinary Singaporeans, including my parents, from their egregious conduct.

After 4.5 years in CMI, I was given the opportunity to join the Regional Division of the International Department (INT) in 2018. One of the highlights of my time here was Singapore’s ASEAN Chairmanship where my team was involved in the ASEAN Finance Ministers’ and Central Bank Governors’ Meeting in April 2018. I vividly recalled two weeks into the job, I had to represent MAS at an ASEAN working-level meeting and to explain what MAS’ exchange-rate centred monetary policy is. The learning curve was steep, but it has been a rewarding experience.

On top of gaining exposure to various topics that cut across the different departments in MAS, I also had the opportunity to participate in discussions on issues of strategic interests to MAS or Singapore. That enabled me to form a holistic view of how each department’s work links up and contributes to MAS’ overall mandate.

Teo Hong Sen - Associate, Enforcement Department

Graduate Officer, joined in 2018

Trained in analytics under the School of Business in NTU, the opening for an analytics role in MAS’ Graduate Officer program piqued my interest. The notion of being able to contribute not just to an organisation, but also to Singapore, was intriguing. Thus, I joined MAS as an officer in the Enforcement Department (ENFD) in 2018.

In my department, we focus on regulatory breaches that warrant more rigorous investigation as they pose higher regulatory or market conduct risks. Specifically, I am responsible for the use of analytics to support the detection of abusive, manipulative or illegal trading practices in the capital markets, particularly for breaches of market misconduct offences under the Securities and Futures Act (SFA).

MAS’ vision for transformation is for the organisation to be digital, agile and efficient. As with any transformation journey, there are bound to be new initiatives that require changes to the way we work. Often, changes in business processes do not occur smoothly due to inertia. However, after my time here in MAS, I am glad to say that these worries were unfounded. My department is very open to innovation, with constant discussions on how we can leverage technology to improve processes and serve the public better.

One example of such an initiative would be the Augmented Intelligence (AI) tool known as Project Apollo. This project was memorable as it was the first project assigned to me after entering MAS. In essence, Project Apollo is a tool used alongside other analytical frameworks in the triaging of cases for review and investigation. As it is able to automate some of our manual processes, our officers are enabled to perform higher-value work. The support from ENFD and their willingness to explore new ways of doing things better played a key role in the successful implementation of this project.

MAS’ vision for transformation can be seen and felt in all aspects of our organisation. I believe that this conducive environment will provide fertile ground for new initiatives to develop, and ultimately benefit MAS and the public we serve.

Dania Kamaludeen - Associate, Financial Markets Development

Graduate Officer, joined in 2019

“Choose a job you love, and you will never have to work a day in your life.” This quote resonated strongly with me as I embarked on a job search in my final year of undergraduate studies. What career will I find meaningful? What am I passionate about? For me, it was my desire to serve the society and to play a role in shaping Singapore’s financial sector. My internship programme in 2018 reaffirmed my decision to join MAS as a Graduate Officer.

As part of the Financial Markets Development Department (FMD), I work together with a team of dynamic, passionate officers to shape Singapore’s financial markets. There is never a boring day in FMD – our work is exciting, unpredictable and fast-paced. Our day-to-day job involves actively monitoring global and industry trends and developments, as well as formulating strategies to strengthen the competitiveness of Singapore’s financial markets. We also collaborate closely with the industry for opportunities to grow and position Singapore as a leading international financial center.

One key area of growth that my team is looking at is green finance. In simple terms, green finance seeks to encourage the adoption of environment-friendly activities, with a view to mitigate climate change. Given that climate change is a global existential threat, we need to ensure Singapore’s financial sector remains resilient to environmental-related risks. Beyond managing risks, Singapore can also play a role in mobilising green finance to serve the financing needs in Asia and beyond.

As a MAS officer, I have the exciting privilege to address these issues and drive efforts in “greening” Singapore’s financial sector. I strongly believe that finance can serve as a force for good, and continue to play a key role in the global efforts to mitigate climate change. Thus, it is imperative that we continually develop innovative strategies to ensure that Singapore’s financial sector is well poised to support and lead sustainable developments in the region through green finance.