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[MAS] Assistant Director, Notes & Services (Note Management Services)

Agency: Monetary Authority of Singapore
Job no.: 531189
Work type: Permanent
Location: Singapore
Categories:InfoComm, Technology, New Media Communications, Others

MAS is the central bank of Singapore. Our mission is to promote sustained non-inflationary economic growth, and a sound and progressive financial centre.


You will be part of the Note Management Services Team in the Currency Department responsible for issuing, receiving and processing of Singapore currency notes. You will assist Head of Notes & Services Division to plan, direct and coordinate activities relating to the Automated Materials Handling System (AMHS) to provide currency note services to the banks and security couriers. You will also be involved in reviewing currency notes policies, systems and processes relating to the management of Singapore currency notes, as well as administer the repatriation of Brunei currency under the Singapore-Brunei Currency Interchangeability Agreement.

Your main responsibilities include:

• Manage the AMHS, including a critical IT system, to ensure optimal performance and high system availability to deliver currency note services to the banks and security couriers
• Plan and implement AMHS upgrading projects to update technology to enhance system performance and comply with MAS IT security standards
• Perform annual risk assessment of the critical IT system and work with external agencies e.g. Cyber Security Agency of Singapore, GovTech, Auditor-General’s Office
• Manage the national inventory for Singapore notes stock held in the vaults, including projection of currency notes to meet public demand in accordance to national stocking and replenishment policy
• Manage the key contractors (e.g. AMHS vendor, $2 and $5 outsourcing agent) to achieve optimal performance and contractual requirements are met
• Review cash policies, processes and guidelines to ensure strong internal controls and high quality of notes in circulation


• Relevant experience in the area of Technology or Engineering
• Minimum of 3 years, preferably in cash/material-handling operations, operations engineering or supply chain automation operations
• Good information technology and data analytics skills
• Good leadership, interpersonal, communication and project management skills
• Applicant must be Singapore citizen






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