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Best 10 In-Demand Banking Jobs in Malaysia

If you want to work in a bank in Malaysia, now is a good time to start searching. Malaysia, like other countries, has been affected by COVID-19, but things are getting better. The government has given three stimulus packages to create more jobs and help the economy.

There are many different types of banking jobs in Malaysia, and they offer good pay, chances to grow, and job security.

List of 10 Banking Jobs available in Malaysia for freshers :

So, whether you are comfortable in managing relationships, understand banking processes, or have excellent project management skills, read on to find your dream banking job in Malaysia.

1. Banking Officer

While the term speaks of a broad generalist, a banking officer can work across multiple roles. Overseeing the daily branch operations, approving or denying loan requests, and also becoming a bank policy expert, the banking officer is an integral part of retail banking. An associate degree in finance or accounting is mandatory to apply for this position.

2. Credit Administrator

A credit administrator provides oversight of all activities related to a bank’s credit process, ensuring that the banks’ balance sheet maintains its value. They also analyze credit requirements, process approval applications, and decide on credit limits for partners and customers. 

3. Relationship Manager

A relationship manager is a client-facing person for the bank. Their responsibilities include identifying and acquiring new clients and advising on products and services while also providing additional support. This role can be for the branch, online or phone banking channel.

4. Sales Manager/Sales Executive/Business Development Executive

A sales manager at a bank is responsible for selling various banking products to new customers. The products can include credit cards, mortgages, insurance, accounts, and loans. A corporate sales manager would handle high net worth individuals (HNIs) and business accounts. This role requires excellent sales and negotiation skills, communication skills, and a good understanding of financial products.

5. Risk Analyst

Risk analysts are gaining immense popularity due to increased requirements for the prevention of fraud, evasion, and anti-money laundering activities. A degree in mathematics, statistics, or data modelling will be essential for this role. Knowledge of software like SAS, SPSS, and SQL will be an added advantage.

6. Compliance Officer

The compliance officer manages and oversees regulatory compliance processes of the bank with Bank Negara Malaysia. The compliance officer ensures the facilitation of various laws and provides training for the same. This is a high paying job which requires an AML certification or a legal background. 

7. Islamic Banking Professional

Familiarity with Islamic banking fundamentals is a must for this role. A certification in Islamic banking will open many doors in this area. There is a great demand for Islamic banking jobs in Malaysia. 

8. Financial Consultant

A banking financial consultant provides personalized investment advice to HNI clients to build and manage their wealth portfolio. They can direct buying and selling of various investment products like stocks, cash, real estate, bonds, securities, and the likes. Excellent analytical skills, knowledge of fiscal policies, and hands-on experience with accounting/statistical packages is a must to apply for these jobs.

9. Audit Manager

An audit manager plays an extremely important role in a bank. They are responsible for detecting any anomalies in the accounts, practices, methods, or transactions of the bank. They ensure that paperwork, digital records, and processes are correct and up to date. A minimum of a bachelor’s degree in accounting is a must for this job.

10. Trade Finance Executive

A trade finance executive performs checks to record and authorize all import and export documentation such as bills, LOCs (Letters of Credit), overseas drafts, exchange rates, etc. As Malaysian banks are looking to grow their trade with International clients beyond borders, trade finance executives are becoming increasingly important. 

Irrespective of your talent, education or interest, banks provide a wide range of jobs to suit your needs. Banks are also willing to hire and train people who have the right aptitude and attitude. Banking is a service industry, and as such, a pleasing personality always makes a difference. A college degree in accounting, mathematics, statistics, or commerce will not only help in initial hiring but also go a long way in providing a fruitful and robust career in your banking job.

FAQ on In-Demand Banking Jobs in Malaysia

FAQ 1: What are top banking jobs in Malaysia?

A: In-demand banking jobs in Malaysia include roles such as Bank Tellers, Customer Service Representatives, Relationship Managers, Risk Analysts, and Financial Advisors.

FAQ 2: Why are these banking jobs in high demand?

A: These banking jobs are in high demand because banks play a crucial role in the economy, and as Malaysia’s economy grows, there is a need for professionals to handle various aspects of banking services and financial management.

FAQ 3: What qualifications or skills are required for best banking jobs in Malaysia?

A: The specific qualifications and skills required may vary depending on the role, but generally, a bachelor’s degree in finance, accounting, economics, or a related field is preferred. Strong analytical skills, communication skills, customer service abilities, and knowledge of banking operations are also valuable.

FAQ 4: What are the benefits of working in these in-demand banking jobs?

A: Working in in-demand banking jobs in Malaysia offers several benefits, including competitive salaries, opportunities for career advancement, job stability, exposure to the financial industry, and the chance to work with diverse clients and financial products.

FAQ 5: How can I increase my chances of getting hired for these top banking jobs?

A: To increase your chances of getting hired, it is beneficial to acquire relevant education and certifications, gain practical experience through internships or entry-level positions, develop strong interpersonal skills, stay updated with industry trends, and network with professionals in the banking sector.

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