Islamic Retail Deposits P&L & Growth Lead

Confidential Company; Kuala Lumpur; On-site; MYR 300,000 - 520,000; Full time

Job summary

Confidential Company in Malaysia seeks a strategic leader to own the Islamic Retail Deposits portfolio, driving multi-year balance sheet growth and margin resilience.

You will lead a team of product managers, align with Branch Distribution Heads, Digital Banking, and Compliance, and ensure compliance with BNM and Shariah standards.

This role requires deep expertise in ALCO, P&L, COF optimization, and cross-functional execution to grow CASA and deposits while managing risk.

Qualifications

• 10–12+ years in retail banking/deposits, with 3–5 years in a managerial role supervising product managers.
• Knowledge of BNM policy documents (PD), Shariah standards (Tawarruq, Qard, Wakalah), and PIDM deposit insurance rules.
• Proven track record in balance sheet optimization, P&L management, ALCO decision-making, and executive stakeholder influence.

Responsibilities

• Own the deposit portfolio P&L, Net Profit Margin (NPM), Cost of Funds (COF), and FTP optimization.
• Develop and implement growth strategies in deposit balances, margin optimization and new customers.
• Formulate ALCO strategies to optimize retail CASA vs fixed deposits for sustainable funding.
• Lead engagement with Branch Distribution Heads, Wealth Management, Digital Banking, and Conventional Banking to drive cross-selling and retail penetration.
• Formulate strategies to reduce dependency on wholesale deposits to stabilize profit margins.

Skills

P&L management

ALCO

Deposits growth

Stakeholder management

Shariah governance

Education

Bachelor’s or Master’s Degree

Agile/Product Management certifications (PSPO/CSPO)

Islamic Banking certifications (CPIF/CIFP or equivalent)

Job description

Confidential Company in Malaysia seeks a strategic leader to own the Islamic Retail Deposits portfolio, driving multi-year balance sheet growth and margin resilience.

You will lead a team of product managers, align with Branch Distribution Heads, Digital Banking, and Compliance, and ensure compliance with BNM and Shariah standards.

This role requires deep expertise in ALCO, P&L, COF optimization, and cross-functional execution to grow CASA and deposits while managing risk.