Associate Supervisor, Banking Supervision

Bank Negara Malaysia; Kuala Lumpur; On-site; MYR 50,000 - 70,000; Full time

Job summary

A prominent financial regulatory authority in Kuala Lumpur is looking for a qualified professional. The role involves supervising banking institutions to ensure safe operations and compliance with regulations. Candidates should hold a bachelor's degree in a relevant field and possess at least 2 years of relevant experience in financial analysis or regulation. If you're skilled in risk management and communication, this is an opportunity to contribute to the financial stability of the industry.

Qualifications

• Minimum 2 years of experience in the financial sector, auditing, regulation, or risk management.
• Strong understanding of legal and regulatory compliance.
• Ability to assess financial conditions and risk profiles of banking institutions.

Responsibilities

• Supervise banking institutions to ensure safe operation.
• Identify and address material risks and vulnerabilities.
• Enforce compliance with relevant laws and regulations.
• Analyze financial conditions and risk management processes.

Skills

Risk management

Regulation understanding

Financial analysis

Communication skills

Education

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

Job description

Principal Accountabilities

Plan, organise and supervise on a consolidated basis of the assigned banking group or standalone banking institution (BIs), to ensure BIs operate in a safe and sound manner with no unanticipated amber institutions.

Identify material risks and vulnerabilities within BIs 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 Financial Services Act 2013/ Islamic Financial Services Act 2013/ Development Financial Institutions Act 2002 and other relevant laws and regulations.

Analyze and understand the financial condition, performance, risk profile and risk management processes of BIs for effective supervision.

Perform assessment of BI’s safety and soundness, in accordance with the Supervisory Risk‑based Framework, effectively elevate/ communicate supervisory concerns and provide recommendations on supervisory/ intervention/ resolution measures to be imposed on BIs.

Undertake and ensure comprehensiveness of the assessment of applications from BIs in accordance with applicable laws, regulations and provide appropriate recommendations to the management in a timely manner.

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.

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/ host supervisors and other domestic regulators (e.g., SC, PIDM, Labuan FSA).

Qualifications

Academic Qualifications: A bachelor’s degree or a professional qualification in accounting, economics, risk management, or banking and finance.

Experience: Minimum 2 years of relevant experience, such as in the financial sector, auditing, regulation and risk management.

ONLY SHORTLISTED CANDIDATES WILL BE NOTIFIED