Associate Supervisor/Supervisor, Supervision | Banking Supervision 1 Department

Job Description

Assist Senior Supervisor to:

• Plan, organise and execute supervision of assigned banking institutions (BIs), including domestic banking groups, locally incorporated foreign banks, development financial institutions, and digital banks to ensure the BIs operate in a safe and sound manner, and there is no unanticipated amber BIs. This includes implementing risk proportionate supervision based on the 'zero disruptive failure' (0DF) framework.
• Undertake surveillance on BIs to ensure their safety and soundness. This entails monitoring and identifying material risks and assessing BIs’ business model and risk profile and risk management practices, as well as governance and work culture.
• Support horizontal surveillance and assessment of key risk areas to identify emerging macro-level risks.
• 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)) and policies and standards issued by Bank Negara Malaysia (the Bank).

Responsibilities

1. Perform continuous surveillance of assigned BIs to ensure their safety and soundness:

• Monitor and assess emerging risks, vulnerabilities and developments affecting the BIs, taking into consideration their business models, strategies, operating environment and risk profiles.
• Undertake peer benchmarking and horizontal/thematic reviews to identify emerging trends, outliers and potential supervisory concerns.
• Assess Bis’ compliance with legal and regulatory requirements and recommend appropriate remedial and enforcement actions to address any identified breaches or non-compliances.
• Escalate and communicate supervisory concerns on timely basis, and recommend appropriate supervisory, intervention or resolution measures to address the identified risks and issues.

2. Perform annual assessment on Bis’ Composite Risk Rating (CRR) in accordance with the approved supervisory processes/framework:

• Analyse and assess Bis’ risk profile, covering credit, liquidity, market, operational and other material risks vis-à-vis their business models, strategies and operating environment.
• Assess effectiveness of Operational Management (OM) [first line of defense] and Risk Management Control Functions (RMCF) [second and third lines of defense], including governance arrangements, risk and compliance culture, and risk management and oversight practices.
• Assess adequacy and resilience of BIs capital, liquidity and earnings, and form an integrated and forward-looking supervisory view to support the determination of CRR and supervisory priorities.

3. Assess applications from BIs to ensure compliance with the applicable laws and regulations and provide appropriate and timely recommendations to Management, in accordance with internal SOP and approving authorities of the Bank.
4. Maintain strong collaboration internally and externally to exchange views, provide feedback/inputs, identify new developments and best practices to enhance supervisory methodology and processes.
5. Undertake administrative functions and other ad-hoc assignments.
6. Pursue self-development to fulfil corporate and personal goals.

Qualifications

• Academic Qualifications: At least, a Bachelor degree or professional qualifications either in accounting, economics, banking, finance, law, risk management or information technology.
• Experience: Experience in financial supervision, financial sector, auditing (including IT audit) or risk management.

About the Company

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. 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.