Associate Analyst, Currency Supervision, Enforcement & Oversight, Currency Department

Graduan; Kuala Lumpur; On-site; MYR 100,000 - 150,000; Full time

Job summary

A financial regulatory body in Malaysia is seeking an Associate Analyst in the Currency Department. Your role includes assessing risk profiles of institutions, conducting supervisory assessments, and taking enforcement actions when necessary. Collaboration with regulatory bodies and effective stakeholder management are key aspects of this role. Ideal candidates should possess strong analytical skills and a good understanding of regulatory compliance. This position offers competitive benefits and opportunities for career growth.

Qualifications

• Strong analytical skills to assess risk profiles and operational effectiveness.
• Familiarity with governance and regulatory frameworks.
• Ability to communicate supervisory concerns effectively.

Responsibilities

• Conduct risk profiles assessment of institutions.
• Analyze governance and risk management effectiveness.
• Take enforcement actions against noncompliant entities.
• Collaborate with regulatory bodies for best practices.

Skills

Risk assessment

Stakeholder management

Regulatory compliance

Data analysis

Job description

Associate Analyst, Currency Supervision, Enforcement & Oversight, Currency Department

• Supervisory Analysis: Assess the risk profiles of institutions by conducting knowledge of business (KoB) analysis and preliminary risk assessment to develop an understanding of the institution's activities, operations and impact to the industry.
• Monitoring via Off-Site and On-Site Supervision: Analyze and assess the risk profile, effectiveness of governance, risk management and control functions of RCPs, via on-site and offsite supervision to ensure early detection of supervisory concerns and emerging risks.
• Supervisory Assessment: Conduct supervisory assessment of the risks and operations of Registered Currency Processors (RCPs), in accordance with the department’s approved supervisory framework and Standard Operating Procedure (SOP). Communicate and elevate supervisory concerns with the appropriate recommendations on supervisory intervention/ resolution measures to be imposed on RCPs.
• Enforcement: Take enforcement action against RCPs or Financial Institutions (Fis) that are found to be in breach of applicable laws and regulations.
• Monitor and Review Regulatory Reporting and Data Submissions: Identify any noncompliance and vulnerabilities, followed by ensuring remedial actions are in place to ensure compliance with the relevant regulations and supervisory expectations issued by the Bank.
• Market Surveillance and Analysis: Conduct robust and holistic macro surveillance on the currency processing landscape to identify, assess and propose appropriate risk mitigation controls for issues faced by the RCPs and/or FIs.
• Effective Collaboration and Stakeholder Management: Collaborate effectively with internal and external stakeholders (e.g., regulatory/standard-setting bodies, other countries’ regulators) to exchange views, provide inputs, identify new risks, developments, and best practices to facilitate or enhance supervisory/processing function of the department.
• Others: Undertake any administrative functions and other ad hoc tasks assigned by Supervisor from time to time.