Associate Analyst/Analyst, Market Access and Competition | Financial Development and Innovation[...]

Bank Negara Malaysia; Kuala Lumpur; On-site; MYR 100,000 - 150,000; Full time

Job summary

A central bank in Malaysia seeks an Associate Analyst/Analyst to assist in formulating strategies for market access and competition in the financial sector. Responsibilities include conducting analyses, monitoring market trends, and engaging stakeholders. The ideal candidate will hold a Bachelor’s degree in relevant fields and have strong analytical skills, with a year of experience preferred. This role offers a chance to contribute to the development of Malaysia's financial landscape.

Qualifications

• 1 year of working experience in banking, finance, economics or insurance is preferred.
• Good understanding of central bank functions.

Responsibilities

• Assist in formulating policies to improve market entry for high-quality financial service providers.
• Conduct analysis on competition laws impacting M&A transactions.
• Monitor trends to guide market access policies.
• Provide analysis for market access recommendations.
• Assist in reviewing policy changes for market access mechanisms.
• Support research activities with data gathering and report preparation.
• Engage stakeholders through organized events and conferences.

Skills

Analysis

Market research

Coordination

Communication

Education

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

Job description

Associate Analyst/Analyst, Market Access and Competition | Financial Development and Innovation (FDI)

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.

Bank Negara Malaysia (the Central Bank of Malaysia), is a statutory body which started operations on 26 January 1959. Bank Negara Malaysia is governed by the Central Bank of Malaysia Act 2009. The role of Bank Negara Malaysia is to promote monetary and financial stability. This is aimed at providing a conducive environment for the sustainable growth of the Malaysian economy.

Bank Negara Malaysia’s monetary policy stance is to maintain price stability while remaining supportive of growth. Bank Negara Malaysia is also responsible for financial system stability. This is achieved by developing a sound, resilient, progressive and diversified financial sector which serves to support the sectors of the real economy. It also plays an important function in implementing initiatives to deepen and strengthen the financial markets, including the foreign exchange market.

Bank Negara Malaysia has played a significant developmental role in developing the financial system infrastructure in advancing the financial inclusion agenda. This is to ensure all economic sectors and segments of the society have access to financial services. In addition, Bank Negara Malaysia also oversees the nation’s payment systems infrastructure which emphasize on the efficiency and security of the financial systems.

As the banker and adviser to the Government, Bank Negara Malaysia provides advice on macroeconomic policies and the management of public debt. Bank Negara Malaysia is also the sole authority in issuing the national currency and in managing the country's international reserves.

• Assist in the formulation of policiesand 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 ofpolicies 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 assessemerging 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.
• Academic Qualifications: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.