Manager, Financial Development and Surveillance (FDS)

Bank Negara Malaysia; Kuala Lumpur; On-site; MYR 90,000 - 120,000; Full time

Job summary

A national central bank seeks a Manager for Financial Development and Surveillance based in Kuala Terengganu. The role involves overseeing policy surveillance, establishing advocacy relationships, driving communication strategies, and ensuring operational efficiency. Candidates should have a degree in economics or related fields and at least 5-6 years of experience in financial development areas. Relevant professional certification is an added advantage. This position offers an opportunity to contribute to the financial stability and development of the region.

Qualifications

• Minimum of 5 - 6 years of experience in financial development or related departments.
• Familiarity with Economics, Regulatory and Monetary Stability.
• Relevant professional certifications are advantageous.

Responsibilities

• Oversee policy surveillance and thematic research.
• Establish strategic advocacy relationships with regional stakeholders.
• Drive communication and education strategies for financial awareness.
• Ensure effective redress mechanisms for financial concerns.
• Manage administrative functions and operational efficiency at the office.

Skills

Policy Surveillance

Strategic Communication

Stakeholder Engagement

Financial Literacy

Education

Degree in economics, finance, banking, accounting or related disciplines

Job description

Manager, Financial Development and Surveillance (FDS) - Based in Kuala Terengganu | LINK & BNM Offices

• The Manager of Financial Development & Surveillance (FDS) unit in the BNM Regional Office is responsible to formulate strategies for policy surveillance and policy implementation to provide front-line insights to line departments and the Bank’s management.
• The Manager is also responsible to develop strategies for advocacy, strategic communications & education and to support the Regional Head in ensuring effective operational management of the regional office.

Bank Negara Malaysia (the Central Bank of Malaysia), a statutory body which started operations on 26 January 1959. Bank Negara Malaysia is governed by the Central Bank of Malaysia Act 2009. The role of Bank Negara Malaysia is to promote monetary and financial stability, aimed at providing a conducive environment for the sustainable growth of the Malaysian economy.

Bank Negara Malaysia’s monetary policy stance is to maintain price stability while remaining supportive of growth. Bank Negara Malaysia is also responsible for financial system stability. This is achieved by developing a sound, resilient, progressive and diversified financial sector which serves to support the sectors of the real economy. It also plays an important function in implementing initiatives to deepen and strengthen the financial markets, including the foreign exchange market.

Bank Negara Malaysia has played a significant developmental role in developing the financial system infrastructure and advancing the financial inclusion agenda, ensuring all economic sectors and segments of society have access to financial services. In addition, Bank Negara Malaysia oversees the nation’s payment systems infrastructure with emphasis on the efficiency and security of the financial systems.

As the banker and adviser to the Government, Bank Negara Malaysia provides advice on macroeconomic policies and the management of public debt. Bank Negara Malaysia is also the sole authority in issuing the national currency and in managing the country's international reserves.

Responsibilities

1. 1. Policy Surveillance and Thematic Research: Oversee effective implementation of policy surveillance to gather on-the-ground financial development intelligence from the region.
   • Apply forward-thinking in the planning for policy surveillance to gather timely insights for effective policy implementation by the Bank.
   • Drive thematic research projects at the region on areas related to policy surveillance or structural issues, which could culminate into potential policy proposals.
2. 2. Targeted Advocacy: Establish strategic relationships and work collaboratively with key regional stakeholders (e.g. economic agents, financial service providers, state government agencies, regulatory bodies, NGOs) to deliver JLPB’s strategic initiatives and the Bank’s strategic outcomes.
   • Monitor the implementation progress of advocacy programs to ensure meaningful outcomes as outlined in JLPB’s and the Bank’s annual business plan.
   • Obtain buy-in among key regional stakeholders and leverage on their resources & expertise to effectively implement the Bank's key financial development initiatives e.g. e-payment, social finance, foreign exchange, etc.
3. 3. Strategic Communication and Education: Establish and gauge the effectiveness of communication and education strategies for greater outreach at the region.
   • Validate regional stakeholders’ interests/concerns and develop customised communication and education strategies (i) to promote awareness on strategic agenda and priority topics of the Bank, and (ii) to address financial development issues.
   • Drive improvements on communication and education plans to enhance public awareness and literacy, guided by the Bank’s Communication Working Group (CWG) focus areas.
4. 4. Redress and Advisory: Ensure proper redress mechanisms and advisory functions are in place to manage financial concerns posed by key regional stakeholders e.g. consumer associations.
   • Validate impact and highlight emerging market conduct issues at the region for policy analysis and review.
5. 5. Operational Efficiency: Manage and oversee overall administrative functions for the BNM Regional Office which include budgeting and expense tracking, procurement process, learning & development and database maintenance.
   • Support the Regional Head on the operational efficiency and the Bank’s cultural improvements at the region to ensure continuous improvement in productivity, climate, capabilities, and competencies at the BNM Regional Office.
   • Provide strategic direction at the BNM Regional Office on areas such as performance, training, risk management and organisational safety & health (OSH).

Academic Qualifications

Degree in economics, finance, banking, accounting or other relevant disciplines. Relevant professional certification is an added advantage.

Experience

Minimum 5 - 6 years of experience related to financial development areas or relevant departments under the Financial Stability Group. Experience in the Economics, Regulatory and/or Monetary Stability as well as Corporate Management Group is an added advantage.