Job Description

[What the role is]

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 insights 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.

This role is an MAS hire to be seconded to the BIS Innovation Hub in Singapore. The BISIH Singapore Centre is hosted in collaboration with 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 with the regional and global financial community.

[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 areas

  • This involves the need for familiarity with the core functions of a central bank, including monetary policy, financial stability, supervisory functions and payment systems

  • An understanding of innovation environments and the need to apply creative thinking to solve problems and find solutions using new technologies

  • An understanding of Artificial Intelligence and its deployment and experience building or implementing algorithms relevant to banking and financial markets

• Building and working with a team and partners to scope, design and deliver innovative concepts including (but not limited to) areas in monetary policy, financial stability and payment systems

• Engaging and leading external delivery partners, working with them in crafting solutions for the centre’s projects and coordinate successful delivery of high quality outputs

• 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

• Contributing 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 very good understanding, exposure or direct experience in one or more of the functions of central banking 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, exposure or hands-on experience with one or more of the core functions of central banking including monetary policy, financial stability, supervision and oversight, liquidity and reserves management or payment systems

• 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

This will be a 2-year contract. As part of the shortlisting process for this role, you may be required to complete a medical declaration and/or undergo further assessment.

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