Associate Analyst/Analyst, Market Access and Competition (FDI)

Bank Negara Malaysia; Kuala Lumpur; On-site; MYR 40,000 - 60,000; Full time

Job summary

A central bank of a nation seeks an Associate Analyst to assist in formulating and executing strategies for market access and competition. Responsibilities include analyzing policies and monitoring trends within the financial sector to foster growth and innovation. The ideal candidate will possess a Bachelor’s Degree in relevant fields and ideally have a year of experience in banking and finance. Strong analytical and communication skills are essential for engaging with diverse stakeholders.

Qualifications

• Bachelor’s Degree in accounting, economics, banking, risk management, law, actuarial science, computer science or finance.
• Preferably 1 year of working experience in banking and finance or related fields.

Responsibilities

• Assist in formulating and executing market access strategies and policies.
• Conduct analysis to inform competition law implications.
• Monitor domestic and global trends for policy formulation.

Skills

Research

Data analysis

Stakeholder management

Communication

Education

Bachelor’s Degree in relevant fields

Job description

Associate Analyst/Analyst, Market Access and Competition (FDI)

Associate Analyst / Analyst of Market Access and Competition unit in Financial Development and Innovation Department (FDI)

ROLE PURPOSE

Assist Manager in the formulation, recommendation and execution of strategies and policies relating to market access and exit, competition as well as overall financial institutional landscape to foster growth, development and innovation of the Malaysian financial sector in line with the needs of the economy and financial stability objectives.

PRINCIPAL ACCOUNTABILITIES

Assist in the formulation of policies and strategies to improve the entry of high-quality financial service providers into the Malaysian financial sector, including providing new licence or facilitating acquisition of interest, guided by the relevant Acts and current strategic direction.

Conduct analysis to assist with the formulation of policies and strategies relating to the institutions in the market that consider the implications of the competition law in Malaysia, specifically in minimising any impact to Bank’s purview in approving M&A transactions amongst licensed financial institutions.

Monitor and assess emerging domestic and global trends and market developments to enrich the formulation of market access and competition policies for the financial sector in Malaysia.

Provide analysis on recommendations for market access including new licence or acquisition of interest, guided by relevant Acts and strategic direction of the financial sector

Assist in reviewing and implementing policy changes and strategies related to current market access mechanisms in Malaysia, such as branching and representative offices, ensuring alignment with regulatory requirements and industry innovation.

Support research activities by gathering data, preparing reports, and conducting preliminary analysis on new and emerging areas related to market entry mechanisms and competition law.

Engage, coordinate and support key stakeholders through the organisation of events and/or conferences to support developmental efforts in the financial sector

NATURE OF ACCOUNTABILITIES AND COMPETENCIES

Job Complexity and Problem Solving

The role of a First Level Executive (FLE) is largely operational, with some tactical role for senior FLEs supporting the Manager in the development and implementation of strategic initiatives, policy frameworks, and actionable plans aligned with the Bank’s objectives and mandates. An FLE’s role involves actively addressing both structured and semi-structured problems under the guidance of a supervisor. This includes executing tasks in alignment with established procedures and applying problem-solving techniques alongside data-gathering methods to support effective decision-making. The role also involves conceptual and innovative thinking in proposing policies or strategies to resolve identified issues.

Leadership and Stakeholder Management

An FLE may be expected to demonstrate ownership and accountability within his/her scope of work by leading small initiatives or workstreams. Effective stakeholder management is important as the role involves regular interactions with internal team members, project stakeholders and external parties based on needs. This includes providing routine updates and operational coordination in assignments.

QUALIFICATIONS / EXPERIENCE

Bachelor’s Degree or professional qualification in accounting, economics, banking, risk management, law, actuarial science, computer science or finance

Experience:

Preferably 1 year of working experience in banking and finance, economics or insurance with good understanding of central bank functions and the insurance sector.

PREVALENT & EMERGING SKILLS

Prevalent Skills

Advocacy and Advisory: Supports advocacy through research and policy briefs.

Analysis and Policy Development: Supports policy development through data analysis and literature review.

Diagnosis and Risk Assessments: Conducts preliminary risk assessments and supports diagnostics.

Knowledge of Financial System and Interlinkages: Applies foundational knowledge in financial system to support analysis.

Project Stewardship: Supports project execution and documentation.

Legal and Regulatory Requirements: Understands legal frameworks and regulatory requirements relevant to assigned work.

People Management: Ability to customise different approaches to managing diverse stakeholders effectively (e.g. Government agencies, financial institutions, other regulators)

Emerging Skills

Foresight: Ability to identify and draw upon emerging trends to anticipate the next stage of development or emerging risks, or undertake scenario analysis

Communication: Ability to communicate and engage in discussions with various stakeholders both internally and externally, to achieve intended outcome

Data Science: Applies data analytics and visualization to support decision-making

Change Management and Agility: Able to apply understanding of new technologies to improve project delivery, keeps abreast of technological developments relevant to financial innovation