Associate Supervisor Financial Conglomerates - Kuala Lumpur, Malaysia - GRADUAN

GRADUAN

Verified Company

Kuala Lumpur, Malaysia

1 week ago

Posted by:

Siti Tan

beBee Recruiter

Company

BANK NEGARA MALAYSIA
- location

Malaysia :
WP - Kuala Lumpur

22 Dec 2023, 6:49 AM

Job Scope

ROLE PURPOSE:

Assist Senior Supervisor to:

Plan, organise and execute supervision of assigned banking institution (BI) (including the new established digital banks (DBs) and/ or financial groups on a consolidated basis to ensure the BIs operate in a safe and sound manner, with no unanticipated amber BIs. This entails monitoring and identification of material risks as well as assessment on BI's business model and risk profile visavis its risk management practices, IT capabilities and controls as well as its governance practices and culture.
Job Requirement

PRINCIPAL ACCOUNTABILITIES:

Perform continuous surveillance of assigned institution in accordance with approved supervisory processes/framework:
Assess BIs' compliance with legal and regulatory requirements as well as any additional requirements specified by the Bank, and institute remedial actions for breaches/ non-compliances.
Preemptively identify gaps during DBs' foundational period to ensure the sustainability of its operations while ensuring the DBs achieve consistent and steady progress in complying with regulatory requirements applicable to existing licensed BIs.
Escalate/communicate supervisory concerns and provide recommendations on supervisory/ intervention/ resolution measures to be imposed on BIs.
Perform operational readiness review of assigned DBs within the period specified in the licensing approval.
Understand emerging issues and risks facing BIs and overall financial stability. Able to identify, assess and propose appropriate solution with regard to intra/inter group, interlinkages/interconnectedness and implications on BIs/financial group.
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 adhoc assignments.
Self development to meet corporate and personal goals.
Maintain professional working relationship with home/ host supervisors and other domestic regulators (SC, Bursa Malaysia, PIDM, Labuan FSA).

REQUIREMENTS: