Associate Supervisor/Supervisor, Supervision | Banking Supervision 2

Bank Negara Malaysia; Kuala Lumpur; On-site; MYR 90,000 - 130,000; Full time

Job summary

Bank Negara Malaysia seeks an experienced supervisor to plan, organise and execute the supervision of assigned banking institutions, including domestic groups and locally incorporated foreign banks, to ensure they operate safely and soundly.

The role involves assessing risk profiles, governance and risk management practices, and supporting macro‑level risk surveillance, with emphasis on compliance and enforcement when needed.

Qualifications

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

Responsibilities

• Perform continuous surveillance of assigned BIs to ensure their safety and soundness, including early detection of emerging supervisory concerns.
• Analyse and assess BIs’ risk profile, covering credit, liquidity, market, operational and other material risks vis‑a‑vis their business models, strategies and operating environment.
• Monitor and assess emerging risks, vulnerabilities and developments affecting the BIs, taking into consideration their business models, strategies, operating environment and risk profiles.
• Assess effectiveness of Operational Management and Risk Management Control Functions, including governance arrangements, risk and compliance culture, and risk management and oversight practices.
• Undertake peer benchmarking and horizontal/thematic reviews to identify emerging trends, outliers and potential supervisory concerns.
• Assess BIs’ compliance with legal and regulatory requirements and recommend appropriate remedial and enforcement actions to address any identified breaches or non‑compliances.
• Escalate and communicate supervisory concerns on timely basis, and recommend appropriate supervisory, intervention or resolution measures to address the identified risks and issues.
• Ensure assessment and decisions are in accordance with approved supervisory governance framework ensuring consistency and alignment with regulatory expectations.
• Timely processing of applications to ensure compliance with applicable law and regulations, supported by well‑informed assessment to facilitate decision making by Management.
• Maintain strong collaboration internally and externally to exchange views, provide feedback/inputs, identify new developments and best practices to enhance supervisory methodology and processes.
• Undertake administrative functions and other ad‑hoc assignments.
• Pursue self‑development to fulfil corporate and personal goals.

Skills

Financial supervision

Risk management

Regulatory compliance

Auditing

IT audit

Financial analysis

Education

Bachelor's degree or professional qualification in accounting, economics, law, risk management, information technology, banking and finance

Job description

Plan, organise and execute supervision of assigned banking institutions (BIs), including domestic banking groups, locally incorporated foreign banks and development financial institutions to ensure the BIs operate in a safe and sound manner. This entails assessing BIs’ business model and risk profile vis‑a‑vis their risk management practices, governance and work culture.

Undertake surveillance on BIs to ensure their safety and soundness. This entails monitoring and identifying material risks and assessing BIs’ business model and risk profile and risk management practices, as well as governance and work culture.

Where relevant, support horizontal surveillance and assessment of key risk areas to identify emerging macro‑level risks.

Administer legal and regulatory requirements through timely processing of applications, and consistent enforcement of laws and regulations (e.g., Financial Services Act 2013 (FSA 2013), Islamic Financial Services Act 2013 (IFSA 2013), Development Financial Institutions Act 2002 (DFIA 2002), etc.,) and policies and standards issued by Bank Negara Malaysia (the Bank).

PRINCIPAL ACCOUNTABILITIES (Key responsibilities and tasks that the role performs)

1. Perform continuous surveillance of assigned BIs to ensure their safety and soundness,including early detection of emerging supervisory concerns:

Analyse and assess BIs’ risk profile, covering credit, liquidity, market, operational and other material risks vis‑a‑vis their business models, strategies and operating environment.

Monitor and assess emerging risks, vulnerabilities and developments affecting the BIs, taking into consideration their business models, strategies, operating environment and risk profiles.

Assess effectiveness of Operational Management (OM) [first line of defense] and Risk Management Control Functions (RMCF) [second and third lines of defense], including governance arrangements, risk and compliance culture, and risk management and oversight practices.

Undertake peer benchmarking and horizontal/thematic reviews to identify emerging trends, outliers and potential supervisory concerns.

Assess BIs’ compliance with legal and regulatory requirements and recommend appropriate remedial and enforcement actions to address any identified breaches or non‑compliances.

Escalate and communicate supervisory concerns on timely basis, and recommend appropriate supervisory, intervention or resolution measures to address the identified risks and issues.

2. Ensure assessment and decisions are in accordance with approved supervisory governance framework ensuring consistency and alignment with regulatory expectations.

3. Timely processing of applications to ensure compliance with applicable law and regulations, supported by well‑informed assessment to facilitate decision making by Management.

4. Maintain strong collaboration internally and externally to exchange views, provide feedback/inputs, identify new developments and best practices to enhance supervisory methodology and processes.

5. Undertake administrative functions and other ad‑hoc assignments.

6. Pursue self‑development to fulfil corporate and personal goals.

QUALIFICATIONS

Academic qualifications: At least, a bachelor’s degree or a professional qualification in accounting, economics, law, risk management, information technology, banking and finance.

Experience: Minimum 2 years of relevant working experience. Experience in financial supervision, financial sector, auditing (including IT audit) or risk management.

Bank Negara Malaysia, as the nation's Central Bank, is committed to excellence in promoting monetary and financial system stability and fostering a sound and progressive financial sector, to achieve sustained economic growth for the benefit of the nation. Bank Negara Malaysia also places high importance in its developmental role with respect to economic management, institutional building and the development of the financial system infrastructure.

The Bank invests heavily in nurturing our talent to enhance their performance and realising their potential. Targeted talent development and career growth opportunities, continues to be given focus to drive performance.

Bank Negara Malaysia, as the nation's Central Bank, is committed to excellence in promoting monetary and financial system stability and fostering a sound and progressive financial sector, to achieve sustained economic growth for the benefit of the nation. Bank Negara Malaysia also places high importance in its developmental role with respect to economic management, institutional building and the development of the financial system infrastructure.

The Bank invests heavily in nurturing our talent to enhance their performance and realising her potential. Targeted talent development and career growth opportunities, continues to be given focus to drive performance.