Associate Supervisor/Supervisor, Supervision, Financial Conglomerates Super 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

Supervision, Risk Management, Regulatory Compliance, Financial Analysis, Auditing, Banking Operations, Governance, Risk Proportionate Approach, Zero Disruptive Failures Framework, Surveillance, Legal Enforcement

Industry

Financial Services

Description

Assist Senior Supervisor to: * Plan, organise and execute supervision of assigned domestic banking groups (including the newly established digital banks [DBs]) (DBGs) on a consolidated basis to ensure the DBGs operate in a safe and sound manner, with no unanticipated amber institutions. This includes the implementation of the risk proportionate approach and 'zero disruptive failures' framework ('0' DF). * Undertake surveillance of DBGs to ensure its safety and soundness. This entails monitoring and identification of material risks as well as assessment on DBGs’ business model and risk profile vis à-vis its risk management practices, as well as its governance practices and culture. * Administer legal and regulatory requirements through timely processing of applications, and consistent enforcement of laws and regulations (e.g. Financial Services Act 2013 (FSA2013), Islamic Financial Services Act 2013 (IFSA2013)) as well as policies and standards issued by Bank Negara Malaysia. • Support the reference groups’ ongoing horizontal surveillance and supervisory assessment on key risk areas to assess emerging risks at macro level (limited to DBGs’ exposure). 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 planning, organizing, and executing the consolidated supervision of assigned domestic banking groups, including digital banks, ensuring safe and sound operations. This involves undertaking surveillance to monitor material risks, assessing business models, and administering legal and regulatory requirements through timely processing and enforcement of relevant laws and policies.