Associate / Senior Associate
Title: Associate / Senior Associate
Department: Global Market Development
ABOUT THE MILKEN INSTITUTE
The Milken Institute is a globally engaged, publicly supported, non-partisan, nonprofit think tank with offices in Santa Monica, California, Washington, D.C., London, and Singapore. Its mission is to improve lives around the world by advancing innovative economic and policy solutions that create jobs, widen access to capital and enhance health.
Based in Washington D.C., the Institute’s Global Market Development (GMD) practice works with developing and emerging economies to help build and strengthen domestic financial markets and advance sustainable private-sector led growth. GMD does so by providing tailored policy advisory; by facilitating an informed and coordinated policymaking process across government institutions, private-sector stakeholders and civil society; and by training upcoming leaders in the global financial-market ecosystem through two tailored training programs:
- The IFC-Milken Institute Capital Markets Program (CMP, which is run out of Washington D.C. in collaboration with the International Finance Corporation and the George Washington University); and
- The WB-Milken Institute Public Financial Asset Management Program (PFAM Program, which will begin in May 2020 and will be run out of Singapore in collaboration with the World Bank Treasury and the Singapore Management University).
GMD collaborates in these efforts with other Milken Institute Centers, including the Milken Institute Asia Center. Based in Singapore, the Institute’s Asia Center extends the reach and impact of Institute programs, events, and research to the Asia-Pacific region.
ABOUT THE CAPITAL MARKETS AND PUBLIC FINANCIAL ASSET MANAGEMENT PROGRAMS
In many countries, insufficient skills in regulation, legislation, market intermediation and policy planning remain a central obstacle to successful capital-market development and to the creation of stable business and employment opportunities. The Milken Institute created the IFC-Milken Institute Capital Markets Program (CMP program) to address this human capital challenge. Now in its fourth year, the CMP brings mid-career financial policymakers to the U.S. for one semester of business school classes, followed by four months of work placements across the U.S. financial industry, and lifelong membership of an active alumni network. To date the CMP has reached 80+ financial professionals across more than 40 countries – it is building the next generation of capital market leaders in the youngest and fastest growing parts of the world.
Building on the success of the CMP, the Milken Institute is now partnering with the World Bank Treasury and the Singapore Management University to launch a sister program focused on training decision-makers within public pension funds, pension fund regulators, sovereign wealth funds, and central banks in the effective governance and management of public financial assets. Sovereign wealth funds and public pension funds today manage almost $20 trillion in assets, and central banks manage more than $35 trillion in reserves worldwide. Financial markets, technology, and the complexity of strategies behind investment management and fund governance are rapidly evolving. The WB-Milken Institute Public Financial Asset Management Program (PFAM) is designed to help public asset owners keep up with these changes, and to ultimately equip developing and emerging economies with the tools needed to translate national wealth into long-term prosperity. PFAM graduates will join the alumni network already created by the CMP, thus further enhancing the reach and impact of this global network.
ABOUT THE POSITION
The Milken Institute is seeking an Associate or Senior Associate (exact position will depend on the level of experience of the selected candidate) who will support the 2020 launch of the PFAM program and help administer it on a daily basis in Singapore. This is an amazing opportunity for a candidate with interest and experience working internationally, appetite for gaining robust experience in program management, outstanding inter-personal and human resources skills, and strong organizational skills and work ethic, to support the expansion of one of the Institute’s most impactful and visible programs.
Reporting to GMD’s Director and with a dotted reporting line to a Director within the Institute’s Asia Center, the Associate or Senior Associate will be responsible for supporting the operations and implementation of the PFAM Program, including but not limited to:
- Serving as point person for communications and operations with local partners including Singapore Management University staff and faculty;
- Scheduling and participating in applicant selection and onboarding;
- Manning logistics and speaker relations for a weekly speaker series and other workshops with practitioners, as well as leading group trips and visits, in the first part of the program (coursework);
- Being the first point of contact for PFAM students when in Singapore, including troubleshooting any participant concerns and logistics, and helping match students with companies for the second part of the program (work placements);
- Assisting the GMD Director and collaborating with MI’s Asia Center in sourcing and advancing new local partnerships, including for PFAM internships and fundraising; and
- Assisting the GMD Director and collaborating with MI’s Asia Center in organizing additional external events and drafting communications around the PFAM program, as the need arises.
An entrepreneurial Associate or Senior Associate has the potential to play an important part in dramatically improving the policy environment for investment and private-sector led growth across developing and emerging economies. This role also presents an opportunity to develop an extraordinary portfolio of relationships with institutional investors, investment managers, other corporate leaders, and members of the philanthropic community in Asia and globally.
Interpersonal & managerial skills
- Superior project management skills, with ability to manage multiple deadlines and effectively coordinate with multiple institutions
- Outstanding interpersonal, human resources, and client relationship skills;
- Personal attitude that includes being outgoing, entrepreneurial, action-oriented, flexible, with a willingness to adapt to changing situations
- At least two years of work experience in international financial markets/banking, economics/economic development, or international diplomacy and policy
- Understanding of developing and emerging economies, including experience working overseas or with a wide range of cultures; experience working in Asia is a plus
- Experience in international education / international exchanges is a plus
- Experience with fund-raising and event planning is a plus
Academic qualifications & technical skills
- Advanced degree in finance and/or economics, with a technical understanding of financial markets, corporate finance and/or economic development
- Exceptional written and communication skills, including the ability to synthesize and communicate complex topics in a clear manner
- High level of computer proficiency is assumed – including Microsoft Office, Adobe, WordPress, and other web-based communications tools.
Preference will be given to Singaporeans and Permanent Residents (PR) of Singapore.
Note: The statements herein are intended to describe the general nature and level of work being performed by employees and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified. Furthermore, they do not establish a contract for employment and are subject to change at the discretion of the employer.
To apply, please submit your information and upload your cover letter and resume and short writing sample. All application materials should be attached as PDF files. Any application that does not include both a cover letter and a resume saved as PDFs will be rejected. Applicants will be assessed on a rolling basis.