Associate Supervisor/Supervisor, AML, Banking Supervision at Bank Negara Malaysia - Professional Career Site

Kuala Lumpur, Kuala Lumpur, Malaysia -

Full Time

Start Date

Immediate

Expiry Date

31 May, 26

Salary

0.0

Posted On

02 Mar, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

AML/CFT Supervision, Risk-Based Supervisory Framework, Financial System Integrity, Financial Stability, On-site Supervision, Off-site Supervision, Corrective Actions, Financial Intelligence, Data Analytics, Alert Management, AML/CFT System Development, Regulation, Risk Management, Auditing

Industry

Financial Services

Description

Assist Senior Supervisor to: * Execute effective AML/CFT supervision programmes for banking institutions (BI) through the implementation of AML/CFT Risk-based Supervisory Framework, to preserve the integrity and stability of the financial system. * Assess the vulnerabilities of Bis relating to AML/CFT measures through on-site and off-site supervision, and to recommend preventive or corrective actions in timely manner. 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 Associate Supervisor/Supervisor will assist the Senior Supervisor in executing effective Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) supervision programs for banking institutions using a Risk-based Supervisory Framework. This involves assessing banking institution vulnerabilities through on-site and off-site supervision and recommending timely preventive or corrective actions to maintain financial system integrity.