Job Type:Full time
Job Responsibilities:
Assist in the execution of supervisory and surveillance activities over payment and MSB regulatees and industry in Malaysia as per the department's supervisory framework, aiming to ensure the Bank's regulatory objectives for the safety, stability, and integrity of the payments & MSB industry as well as to safeguard public interest.
Assist in undertaking enforcement actions for breaches and non-compliances with the laws and regulations administered by the Bank.
Principal Accountabilities:
Analyze and assess the risk profile, effectiveness of governance, risk management, and control functions of payment and MSB regulatees, via onsite and offsite supervision, for early detection of supervisory concerns and emerging risks.
Conduct comprehensive supervisory assessment on the risks and operations of payment and MSB regulatees, in accordance with the department's approved supervisory framework and SOP.
Monitor and review regulatory reporting and data submissions, to identify non-compliance and any vulnerabilities, ensuring remedial actions are in place to comply with the relevant regulations and supervisory expectations issued by the Bank.
Conduct macro surveillance on the payment and MSB landscape to identify, assess and propose appropriate solutions to mitigate risks of emerging issues facing payment and MSB regulatees and the overall industry.
Escalate/communicate supervisory concerns and provide recommendations on supervisory/intervention/resolution measures to be imposed on payment and MSB regulatees.
Assist in maintaining strong collaboration with internal and external stakeholders (e.g., regulatory/standard setting bodies, other countries' regulators) to exchange views, provide inputs, identify new risks, developments, and best practices to enhance the supervisory/processing function of the department.
Ensure self-development on the required technical and behavioral competencies.
Critical Success Factors:
Good working knowledge of payment systems business and operations.
Good supervisory skills and understanding of the supervisory framework, including methodology, processes, procedures, and governance.
Adequate knowledge in IT & payment system infrastructure, to detect technology risks in payments & MSB.
Good assessment & monitoring capabilities, including an effective monitoring mechanism to detect areas of vulnerabilities and risks.
Clear line of reporting and escalation of pertinent information and issues to supervisors to ensure well-informed decision-making.
Good working relationship with industry players, other regulators, and relevant departments in the Bank and external stakeholders.
Ability to communicate, present ideas, and work as a team effectively.
Possess the right skill sets to provide effective support.
Requirements:
Candidate must obtain 5 credits in Sijil Pelajaran Malaysia (SPM) for subjects including Bahasa Melayu, English, and Mathematics.
Academic Qualifications: Bachelor Degree in IT/Computer Science, Accounting, Finance, Banking, Economics, Law, Business, or equivalent.
Possess a minimum of 2 years of work experience in the related field.
Working experience in IT, payment systems, compliance, or auditing (including IT audit), financial sector, or risk management is an added advantage.
Note:Only shortlisted candidates will be notified.
About Bank Negara Malaysia:
Bank Negara Malaysia, as the nation's Central Bank, is committed to excellence in promoting monetary and financial system stability and fostering a sound and progressive financial sector, to achieve sustained economic growth for the benefit of the nation. The Bank invests heavily in nurturing our talent to enhance their performance and realize their potential. Targeted talent development and career growth opportunities continue to be given focus to drive performance.#J-18808-Ljbffr