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null Associate Supervisor | Banking Supervision Department

Associate Supervisor, Banking Supervision Department

Job Sector: Supervision

Location: Kuala Lumpur

ROLE PURPOSE:

  • Assist Senior Supervisor to plan, organise and supervise on a consolidated basis of a banking group or standalone banking institutions (BIs) using the Supervisory Risk Framework (SuRF) through continuous surveillance to ensure safety and soundness of the BIs.
  • The Associate Supervisor is to assess the vulnerabilities within the BIs and to initiate preventive or remedial actions in achieving the department’s strategic outcome of no unanticipated amber institutions.
  • Coordinate reviews for processing as well as undertake assessments on the regulatory applications from BIs to ensure provisions of the Financial Services Act 2013/Islamic Financial Services Act 2013 and Policy Standards are administered appropriately and consistently.

PRINCIPAL ACCOUNTABILITIES:

  • Analyse and understand the financial condition, performance, risk profile and risk management processes of BIs for effective supervision including early detection of emerging supervisory concerns.
  • Undertake the assessment of applications from BIs to ensure compliance with applicable laws, regulations and provide appropriate recommendations to the management on a timely manner.
  • Assess applications received from BIs in accordance with SOP and approving authorities of the Bank.
  • Undertake assessment of BI’s safety and soundness, effectively escalate/communicate supervisory concerns and provide recommendations on supervisory/ intervention/ resolution measures to be imposed on BIs.
  • Ensure assessment and decisions are in accordance with approved supervisory governance framework.
  • Ensuring the BIs comply with the various regulations, rules and policies issued by BNM through reviewing of regulatory reporting and data submission and to institute remedial action for breaches /non-compliance.
  • Understand emerging issues facing BIs and overall financial stability. Able to identify, assess and propose appropriate solution with regard to intra/inter group, inter-linkages/inter-connectedness and implications on BIs.
  • Maintain strong collaboration internally and externally to exchange views, provide inputs, identify new developments and best practices to enhance the supervisory methodology and processes.
  • Undertake administrative functions and other ad-hoc assignments.
  • Self development to meet corporate and personal goals.
  • Maintain professional working relationship with home/ host supervisors and other domestic regulators (SC, PIDM, LOFSA).

CRITICAL SUCCESS FACTOR:

  • Robust supervisory framework which include supervisory methodology, processes, procedures and governance.
  • Effectiveness of surveillance tools.
  • Timely identification of potential vulnerabilities and emerging risk in BIs.
  • Adequate supervisory resources including competent team.
  • Effective internal and external collaborations.
  • Ability to assess issues, identify solutions and communicate/escalate concerns clearly and effectively

QUALIFICATION / EXPERIENCE:

  • Candidate must obtain 5 credits in Sijil Pelajaran Malaysia (SPM) for subjects including Bahasa Melayu, English and Mathematics.
  • Candidate must possess at least a Master's Degree or Bachelor's Degree in Accounting, Economics, Banking, Finance, Risk Management with a minimum CGPA of 3.00 and above or Second Class Upper.
  • At least 2 years of working experience.
  • Experience in financial sector or auditing, is an added advantage.

ONLY SHORTLISTED CANDIDATES WILL BE NOTIFIED

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