Manager, Market Access and Competition (FDI)

Bank Negara Malaysia; Kuala Lumpur; On-site; MYR 100,000 - 150,000; Full time

Job summary

A prominent financial institution in Kuala Lumpur seeks a Manager for Market Access and Competition. The role involves managing strategies for market access, assessing competition policies, and leading a dynamic team to drive innovation within the financial sector. Candidates should hold a relevant Bachelor's degree and possess at least 5 years of experience in banking or finance. This leadership position requires strong analytical and stakeholder management skills, contributing to the growth of Malaysia's financial services landscape.

Qualifications

• Bachelor’s Degree or professional qualification in accounting, economics, banking, risk management, law, actuarial science, computer science or finance.
• Preferably 5 years of working experience in banking and finance, economics or insurance with good understanding of central bank functions.

Responsibilities

• Manage the formulation, recommendation and execution of strategies and policies relating to market access.
• Lead research efforts to provide subject matter expertise on market entry mechanisms and competition law.
• Manage and develop a cohesive and effective team, providing guidance and feedback.

Skills

Advocacy and Advisory

Analysis and Policy Development

Diagnosis and Risk Assessment

Knowledge of Financial System and Interlinkages

Project Stewardship

Legal and Regulatory Requirements

People Management

Foresight

Communication

Data Science

Change Management and Agility

Education

Bachelor’s Degree in relevant fields

Job description

Manager, Market Access and Competition (FDI)

Manager of Market Access and Competition unit in Financial Development and Innovation Department (FDI)

ROLE PURPOSE

Manage the formulation, recommendation and execution of strategies and policies relating to market access and exit, competition as well as overall financial institutional landscape to foster growth, development and innovation of the Malaysian financial sector in line with the needs of the economy and financial stability objectives.

PRINCIPAL ACCOUNTABILITIES

Formulate, recommend and execute policies and strategies to improve the entry of high-quality financial service providers into the Malaysian financial sector, including providing new licence or facilitating acquisition of interest, guided by the relevant Acts and current strategic direction

Formulate, recommend and execute policies and strategies relating to the institutions in the market that consider the implications of the competition law in Malaysia, specifically in minimising any impact to Bank’s purview in approving M&A transactions amongst licensed financial institutions.

Review, recommend and execute policy changes and strategies relating to current market access mechanisms in Malaysia, such as branching and representative offices, to ensure regulations remain meaningful in the face of rising innovation in the financial sector

Lead research efforts to provide subject matter expertise and to serve as a credible voice on new and emerging areas relating to market entry mechanisms and competition law

Formulate, recommend and execute policies and strategies to provide regulatory flexibilities to deepen international financial interlinkages, particularly in the banking sector, and support the improvement of Malaysia’s international economic standing and ensure that Malaysian banking institutions are well positioned to expand abroad.

Lead the monitoring and assessments of emerging domestic and global trends and market developments to enrich the formulation of market access and competition policies for the financial sector in Malaysia.

Manage and develop a cohesive and effective team, including by providing direction, guidance and feedback to staff, delegating responsibilities effectively and initiating staff development plans.

NATURE OF ACCOUNTABILITIES AND COMPETENCIES

Job Complexity and Problem Solving

The Manager primarily operates at the tactical level with oversight over operational responsibilities of First Level Executives. This role is critical in navigating challenges during strategy implementation. The role involves solving structured and semi-structured problems and coordinates across teams to implement initiatives, leveraging diverse sources of information to apply analytical thinking and sound judgment in resolving issues. The role also demands conceptual and innovative thinking to connect the dots, clearly identify underlying problems, and develop well-rounded policy proposals.

Leadership and Stakeholder Management

This role involves supervising team members, ensuring the successful delivery of projects, and actively supporting staff development. The Manager is responsible for engaging and managing a diverse range of stakeholders, including internal teams, project stakeholders and external engagements based on needs. This requires the ability to balance routine updates and manage moderately complex stakeholder engagements, supported the ability to navigate dynamic challenges effectively.

QUALIFICATIONS EXPERIENCE

Bachelor’s Degree or professional qualification in accounting, economics, banking, risk management, law, actuarial science, computer science or finance

Experience: Preferably 5 years of working experience in banking and finance, economics or insurance with good understanding of central bank functions.

PREVALENT & EMERGING SKILLS

Advocacy and Advisory: Communicates the Bank’s agreed stance and supports advocacy through policy articulation

Analysis and Policy Development: Conducts analysis and drafts policy proposals for review and implementation

Diagnosis and Risk Assessment: Assesses risks in projects and policy proposals and recommends mitigation

Knowledge of Financial System and Interlinkages: Uses financial system insights to inform project and policy work

Project Stewardship: Manages project timelines, resources and stakeholder coordination

Legal and Regulatory Requirements: Understands legal frameworks and regulatory requirements relevant to assigned work and some understanding of regulatory requirements across the Bank

People Management: Ability to customise different approaches to managing diverse stakeholders effectively (e.g. Government agencies, financial institutions, other regulators)

Foresight: Ability to identify and draw upon emerging trends to anticipate the next stage of development or emerging risks, or undertake scenario analysis

Communication: Ability to communicate clearly with various stakeholders both internally and externally, as well as negotiate effectively to advance the Bank's interest

Data Science: Applies data science techniques to support analysis and policy development. Leverages tools to uncover insights from complex datasets

Change Management and Agility: Applies understanding of new technologies to improve project delivery, keeps abreast of technological developments relevant to financial innovation.

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