Associate Supervisor, Banking Supervision

ACCA Careers; Kuala Lumpur; On-site; MYR 40,000 - 60,000; Full time

Job summary

A financial regulatory institution in Kuala Lumpur is seeking a Regulatory Supervisor to ensure the safe operation of banking institutions and financial groups. The ideal candidate holds a relevant degree or professional qualification and has experience in supervision or financial sector auditing. Responsibilities include assessing compliance and mitigating risks, ensuring effective regulatory oversight, and maintaining relationships with home supervisors. Only shortlisted candidates will be notified.

Qualifications

• A bachelor’s degree or a professional qualification in accounting, economics, risk management, or banking and finance.
• At least 2 years of working experience in supervision, financial sector auditing (including IT audit) or risk management.

Responsibilities

• Plan, organise and execute supervision of assigned banking institution/financial group.
• Identify material risks and vulnerabilities within the BIs.
• Administer legal and regulatory requirements.
• Assess applications from BIs for compliance with laws and regulations.

Skills

Risk‑based Supervisory Framework

Legal and regulatory requirements

Credit, Market and Operational Risk Assessment

Accounting and Financial Assessment

Knowledge on financial institutions’ operations

Risk assessment

Knowledge of financial products and instruments

Basel requirements, MFRS, climate risk management, cyber risk, AML/CFT

Education

Bachelor’s degree or professional qualification in accounting, economics, risk management, or banking and finance

Professional accountancy qualification (ACCA, MICPA)

Job description

Role Purpose

• Assist Senior Supervisor to:
  • Plan, organise and execute supervision of assigned banking institution/financial group on a consolidated basis to ensure the BIs operate in a safe and sound manner, with no unanticipated amber BIs.
  • Identify material risks and vulnerabilities within the BIs/financial groups 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 FSA 2013, IFSA 2013, DFIA 2002 and other relevant laws and regulations.

Principal Accountabilities

• Assess the financial performance, risk profile, adequacy of risk management control functions, and culture of BIs/financial group.
• Escalate/communicate supervisory concerns and provide recommendations on supervisory/intervention/resolution measures to be imposed on BIs.
• Assess applications from BIs to ensure compliance with applicable laws and regulations and provide appropriate recommendations to Management in a timely manner.
• Execute supervisory processes in accordance with approved supervisory framework.
• 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.
• 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/financial groups. Maintain strong collaboration internally and externally to exchange views, provide inputs, identify new developments and best practices to enhance the supervisory methodology and processes.
• Undertake administrative functions and other ad‑hoc assignments.
• Self‑development to meet corporate and personal goals.
• Maintain professional working relationship with home supervisors and other domestic regulators (SC, PIDM, Labuan FSA).

Technical Skills/Knowledge

• Risk‑based Supervisory Framework
• Legal and regulatory requirements
• Credit, Market and Operational Risk Assessment
• Accounting and Financial Assessment
• Knowledge on financial institutions’ operations
• Risk assessment
• Knowledge of financial products and instruments
• Basel requirements, MFRS, climate risk management, cyber risk, AML/CFT and other emerging risks

Qualifications

• Academic Qualifications: A bachelor’s degree or a professional qualification in accounting, economics, risk management, or banking and finance.
• Experience: Any experience in the financial sector or auditing sector is an added advantage.

OR

• Professional accountancy qualification (ACCA, MICPA etc) from a reputable academic institution
• At least 2 years of working experience in supervision, financial sector auditing (including IT audit) or risk management.
• Experience in financial sector or auditing is an added advantage.

ONLY SHORTLISTED CANDIDATES WILL BE NOTIFIED