Analyst, Shariah Review | Islamic Finance Department at Bank Negara Malaysia - Professional Career Site

Kuala Lumpur, Kuala Lumpur, Malaysia -

Full Time

Start Date

Immediate

Expiry Date

02 Jul, 26

Salary

0.0

Posted On

03 Apr, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Shariah Review, Shariah Non-Compliance Assessment, Report Drafting, Stakeholder Engagement, Policy Formulation, Islamic Finance, Fiqh, Usul Fiqh, Fiqh Muamalat, Banking Regulations, Financial Analysis, Compliance Monitoring

Industry

Financial Services

Description

Conduct and document the assessment for Shariah non-compliance (SNC) events referred by the relevant parties. The role includes performing the assessment, drafting the assessment report, engaging with stakeholders, and presenting the assessment to the BNM Shariah Advisory Council of (SAC). This is done based on a comprehensive Shariah assessment to ensure timely and effective Shariah compliance across all stakeholders as mandated under relevant laws, thereby promoting overall adherence to Shariah requirements. The role also includes formulating policies for SNC assessments to ensure consistency, standardization, and high‑quality assessment practices. Bank Negara Malaysia (the Central Bank of Malaysia), is a statutory body which started operations on 26 January 1959. Bank Negara Malaysia is governed by the Central Bank of Malaysia Act 2009 [https://www.bnm.gov.my/legislation]. The role of Bank Negara Malaysia is to promote monetary and financial stability. This is 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 in advancing the financial inclusion agenda. This is to ensure all economic sectors and segments of the society have access to financial services. In addition, Bank Negara Malaysia also oversees the nation’s payment systems infrastructure which emphasize 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

The analyst will conduct and document assessments for Shariah non-compliance events and engage with stakeholders to present findings to the Shariah Advisory Council. Additionally, the role involves formulating policies to ensure consistent and high-quality assessment practices across the organization.