Associate Supervisor, IT Supervision | Risk Specialist & Technology Supervision

Bank Negara Malaysia; Kuala Lumpur; On-site; MYR 120,000 - 180,000; Full time

Job summary

Bank Negara Malaysia seeks an Associate Supervisor, IT Supervision, to assist the Senior Supervisor of IT risk in planning, organising and supervising IT risk across financial institutions, ensuring stability and compliance with the Financial Services Act 2013 and Islamic Financial Services Act 2013.

You will assess IT risk vulnerabilities through on-site and off-site supervision, initiate preventive actions, and collaborate with internal/external stakeholders to ensure timely supervisory

Qualifications

• 3–5 years of IT security/auditing experience in financial sector.
• Ability to assess IT risk and health of financial institutions.
• Knowledge of regulatory requirements and governance.

Responsibilities

• Assess IT risk vulnerabilities in FIs through on-site and off-site supervision.
• Provide recommendations and remedial actions to address concerns.
• Ensure compliance with IT risk policies, regulations, and governance.
• Collaborate with internal and external stakeholders for information.
• Undertake ad-hoc assignments as needed.

Skills

IT risk assessment

IT security

Auditing

Regulatory compliance

Stakeholder communication

Education

IT-related degree

Job description

Associate Supervisor, IT Supervision | Risk Specialist & Technology Supervision

To assist the Senior Supervisor of IT risk in planning, organising and supervising the risk of information technology (IT) through continuous surveillance of FIs in ensuring financial stability, and to address IT risk aspects of regulatory applications in order to facilitate appropriate and consistent compliance with supervisory strategy; the Financial Services Act 2013/Islamic Financial Services Act 2013; and all applicable Policy Standards.

The Associate Supervisor is also responsible to assess IT risk vulnerabilities within FIs through on-site and off-site supervision, and to initiate preventive and remedial actions in achieving the Bank’s strategic outcome of no unanticipated amber institutions.

PRINCIPAL ACCOUNTABILITIES

Evaluate the IT risk nature and IT health/condition of FIs, by undertaking IT risk assessment for effective supervision, to timely detect supervisory concerns and emerging risks, and effectively communicate any concerns together with the appropriate recommendations on supervisory measures to be undertaken. Also ensures that the agreed standards and deadlines are met, which allows all necessary supervisory documentations of FIs being assessed be duly completed and timely made available.

Perform continuous monitoring activities to facilitate detection of potential problems, risk exposuresand emerging supervisory concerns pertaining to IT. Ensures that FIs comply with the IT risk aspectsof various regulations, rules and policies issued by BNM, and recommends remedial actions arisingfrom concerns and/or breaches of compliance.

Undertakes IT risk assessment of formal applications received from FIs, and provides the appropriate recommendations in a timely manner. Ensures assessment of applications is comprehensive, appropriate and consistent with applicable laws, regulations and all applicable Policy Standards, and decisions are to be in accordance with approved supervisory and governance framework of the Bank.

Assists in building strong collaboration internally and externally in obtaining and providing information necessary to facilitate continuous surveillance and effective supervision of IT risk.

Assists in providing feedback/inputs/expertise to other departments in the Bank on policy developments, projects, etc., whenever needed.

Undertakes other ad-hoc assignments, when assigned.

QUALIFICATIONS

Academic Qualifications: A postgraduate/undergraduate degree or a professional qualification in information technology related disciplines, with primary focus on IT security and/or auditing. Alternatively, a postgraduate/undergraduate or a professional qualification in accounting; banking; finance; business studies; commerce; or risk management discipline, can also be given a careful consideration.

Experience: 3-5 years experience in IT security and/or auditing, within the context of the financial industry.