You will be a member of the legal unit responsible for providing legal support to the Enforcement Department. The Enforcement Department is responsible for investigating and enforcing breaches of the laws administered by the Banking and Insurance Group and the Capital Markets Group under various statutes, including but not limited to the Securities and Futures Act, the Financial Advisers Act, the Trust Companies Act, the Banking Act, the Insurance Act and the MAS Act.
The Enforcement Department is also responsible for jointly investigating market misconduct offences under Part XII of the Securities and Futures Act with the Commercial Affairs Department. These offences include insider trading and market manipulation. The Department is also responsible for anti-money laundering enforcement work.
You will advise on a range of enforcement actions which the Department may undertake such as criminal prosecution, civil penalty actions and other regulatory enforcement action. You will have oversight of enforcement policy issues and related legislative amendments. You will represent MAS in regulatory action appeals. You will also provide assistance to foreign regulators where required under the International Organization of Securities Commission Multilateral Memorandum of Understanding.
You can expect to be challenged intellectually and professionally as you work closely with internal stakeholders (the Banking, Insurance and Capital Markets supervision departments in MAS) and external stakeholders (foreign regulators and other local enforcement agencies). You will gain insight into how the financial services sector in Singapore operates, and the rules and regulations at work, as you play an important role in MAS' enhanced enforcement regime. Your work will shape the legal landscape in several areas of law relating to financial services, which is fundamental in safeguarding and enhancing the reputation of Singapore as a financial centre, and ensuring its continued growth.
• Recognised law degree and admitted to legal practice in Singapore.
• A minimum of 3 years’ Criminal Prosecution and/or Civil/Commercial Litigation experience. It will be an advantage if you have experience in both prosecution and civil litigation work.
• Strong writing, analytical and communication skills.
• Ability to work well independently as well as in a team.
• Willing to be a pioneer in an emerging area of legal practice.
• Ability to be innovative and pragmatic in providing workable legal solutions to problems.