Advisor, Financial Infrastructure & AI, BIS Innovation Hub (2 Year Contract) Monetary Authority[...]

Job description

Overview
The Monetary Authority of Singapore (MAS) is Singapore19s central bank and integrated financial regulator.


As central bank, MAS promotes sustained, non-inflationary economic growth through the conduct of monetary policy and close macroeconomic surveillance and analysis.

It manages Singapore19s exchange rate, official foreign reserves, and liquidity in the banking sector.


As an integrated financial supervisor, MAS fosters a sound financial services sector through its prudential oversight of all financial institutions in Singapore
banks, insurers, capital market intermediaries, financial advisors, and stock exchanges.

It is also responsible for well-functioning financial markets, sound conduct, and investor education.


MAS also works with the financial industry to promote Singapore as a dynamic international financial centre.

It facilitates the development of infrastructure, adoption of technology, and upgrading of skills in the financial industry.


Join us now, if you have a genuine interest in making an impact to help shape Singapore19s economic and financial landscape.


The Bank for International Settlements is a diverse, multicultural, and inclusive organization with colleagues from over 60 countries.

Launched in 2019, the BIS innovation Hub (BISIH) is a group of centres located in the Nordics, the Euro area, Singapore, Hong Kong SAR, Canada, Switzerland, and the UK.

Our mission is to identify and develop insightmahs into critical trends in technology of relevance to central banks, explore the development of public goods to improve the functioning of the global financial system and serve as a focal point for a network of central bank authorities on innovation.


The scope of work includes identifying and executing new potential prototypes/ future systems that fit within the scope of the core thematic focus area of the BISIH
1.

Central Bank Digital Currency (CBDC); 2.

New Payment Systems; 3.

Open Finance, including through tokenisation and digital identity; 4.

Green Finance, including the cross-over with bank supervision; 5.

Suptech/Regtech; and 6.

Cyber security, especially as linked to the foregoing.


The BIS Innovation Hub in Singapore has published groundbreaking work on interlinking instant payments systems and multi-currency Central Bank Digital Currency platforms (see There is an opportunity for an experienced professional to join and contribute to the development of new innovative projects along the BIS Innovation Hub core thematic focus areas.


The BISIH Singapore Centre is hosted in collaboration with and support from the Monetary Authority of Singapore.

By joining the Singapore Centre, you will help to shape the future of payments, money and finance.

You will report to the Centre Head and work closely the regional and global financial community.


There is an opportunity for an experienced professional to join and contribute to the development of new innovative projects along the BIS Innovation Hub core thematic focus areas.


What you will be working on
Lead and develop prototypes that have the potential to be further developed into public goods for any of the core thematic focus area.


This involves the need for familiarity with the core new technologies and their deployment: AI, DLT/Blockchain and Cloud -
For AI, any experience building or implementing algorithms relevant to banking and financial markets is welcomed.


For DLT/Blockchain, it includes providing leadership and expertise on distributed computing, algorithms, cryptography, consensus protocols and smart contracts.


For Cloud, it includes familiarity with deployment of cloud-based systems with the help of the BISIH Dev Ops teams.


Building and working with a team and partners to scope, design and deliver innovative payment methods and concepts including (but not limited to) instant cross border payments, central bank digital currencies, and regulated stablecoins.


Engaging and leading external delivery partners, working with them in crafting solutions for the centre19s projects and coordinate successful delivery and quality of any commissioned work.


Working collaboratively with the other BIS Centres, hosted committees, regional and global central banks, and private sector stakeholders including banks, fintechs and payment service provides.


Representing the BIS at official meetings, industry and academic conferences and relevant technology events.


Contibuting both verbal and written insights to the BISIH work programme and related events.


Establishing and develop contacts with private sector, the BIS committees, research communities and other international organisations.


What we are looking for
The ideal candidate will have substantial payments related experience working inside a bank, fintech or payment service provider and a passion for innovation.


Relevant work experience within technology consulting, the technology sector, central banking, financial services, or financial regulation.


Strong results orientation and outcome focus with the passion, drive, and energy to deliver.


Strong agile project management discipline.

Practical experience in scoping, planning and leading projects with a track record of successful delivery.


Good knowledge of and hands-on experience with one or more of the following: digital payments, wires/Swift, batch, instant payments, web 3.0, digital assets and DLT/blockchain technologies, tokenisation of assets.


A knowledge of data science, the uses of Artificial Intelligence and Large Language Models in the contexts of central banking is an advantage.


Excellent interpersonal and communication skills as well as project planning, decision-making, problem-solving and analytical skills with an eye for detail.


Out of the box, creative and innovative thinking with an ability to see the bigger and interconnected picture, identifying solutions, opportunities, gaps, and potential risks.


Experience of working with and leading, face-to-face or remotely, third party project partners.


The ability to proactively perform in a fast paced, dynamic environment with teams with diverse and multicultural backgrounds
both face to face and remotely.


A desire to develop both individual and team capabilities, providing coaching and mentoring.


For further information about the Singapore Centre19s projects, please see
As part of the shortlisting process for this role, you may be required to complete a medical declaration and/or undergo further assessment.


This is a 2-year contract.

All applicants will be notified on whether they are shortlisted or not within 4 weeks of the closing date of this job posting.


About Monetary Authority of Singapore
MAS is the central bank of Singapore.

Our mission is to promote sustained non-inflationary economic growth, and a sound and progressive financial centre.


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