Associate Supervisor, Supervision | Banking Supervision Department

Overview

Associate Supervisor, Supervision | Banking Supervision Department Jobs in Federal Territory of Kuala Lumpur, Malaysia at Bank Negara Malaysia

Title: Associate Supervisor, Supervision | Banking Supervision Department

Company: Bank Negara Malaysia

Location: Federal Territory of Kuala Lumpur, Malaysia

ROLE PURPOSE:

Assist Senior Supervisor to:

• Plan, organise and supervise on a consolidated basis of the assigned banking group or standalone banking institution (BIs), to ensure BIs operate in a safe and sound manner with no unanticipated amber institutions.
• Identify material risks and vulnerabilities within BIs and initiate prompt preventive or remedial actions.
• Administer legal and regulatory requirements through timely processing of applications from BIs and consistent application of laws, policies and standards.
• Undertake enforcement actions for breaches and non-compliance with Financial Services Act 2013/ Islamic Financial Services Act 2013/ Development Financial Institutions Act 2002 and other relevant laws and regulations.

PRINCIPAL ACCOUNTABILITIES:

1. Analyze and understand the financial condition, performance, risk profile and risk management processes of BIs for effective supervision.
2. Perform assessment of BI’s safety and soundness, in accordance with the Supervisory Risk-based Framework, effectively escalate/ communicate supervisory concerns and provide recommendations on supervisory/ intervention/ resolution measures to be imposed on BIs.
3. Undertake and ensure comprehensiveness of the assessment of applications from BIs in accordance with applicable laws, regulations and provide appropriate recommendations to the management in a timely manner.
4. Assess BIs’ compliance with the regulatory requirements issued by BNM, via review of regulatory reporting and data submission, and institute remedial action for breaches/ non-compliance.
5. Understand emerging issues facing BIs and overall financial stability. Able to identify, assess and propose appropriate solutions with regard to intra/ inter-group, inter-linkages/ inter-connectedness and implications on BIs.
6. Maintain strong collaboration internally and externally to exchange views, provide inputs, identify new developments and best practices to enhance the supervisory methodology and processes.
7. Undertake administrative functions and other ad-hoc assignments.
8. Self-development to meet corporate and personal goals.
9. Maintain professional working relationship with home/ host supervisors and other domestic regulators (e.g., SC, PIDM, Labuan FSA).

QUALIFICATIONS:

• Academic Qualifications: A bachelor’s degree or a professional qualification in accounting, economics, risk management, or banking and finance.
• Experience: Minimum 2 years of relevant experience, such as in the financial sector, auditing, regulation and risk management.

ONLY SHORTLISTED CANDIDATES WILL BE NOTIFIED