Plan, organise and execute supervision of assigned banking institution/financial group on a consolidated basis to ensure the BIs operate in a safe and sound manner, with no unanticipated amber BIs.
Identify material risks and vulnerabilities within the BIs/financial groups and initiate prompt preventive or remedial actions.
Administer legal and regulatory requirements through timely processing of applications from BIs and consistent application of laws, policies and standards.
Undertake enforcement actions for breaches and non-compliance with FSA 2013, IFSA 2013, DFIA 2002 and other relevant laws and regulations
Principal Accountabilities
Assess the financial performance, risk profile, adequacy of risk management control functions, and culture of BIs/financial group.
Escalate/communicate supervisory concerns and provide recommendations on supervisory/ intervention/resolution measures to be imposed on BIs.
Assess applications from BIs to ensure compliance with applicable laws and regulations and provide appropriate recommendations to Management in a timely manner.
Execute supervisory processes in accordance with approved supervisory framework.
Assess BIs compliance with the regulatory requirements issued by BNM, via review of regulatory reporting and data submission, and institute remedial action for breaches /non-compliance.
Understand emerging issues facing BIs and overall financial stability. Able to identify, assess and propose appropriate solutions with regard to intra/inter-group, inter-linkages/inter-connectedness and implications on BIs/financial groups. 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 supervisors and other domestic regulators (SC, PIDM, Labuan FSA).
Technical Skills/ Knowledge
Risk-based Supervisory Framework
Legal and regulatory requirements
Credit, Market and Operational Risk Assessment
Accounting and Financial Assessment
Knowledge on financial institutions operations
Risk assessment
Knowledge of financial products and instruments
Basel requirements, MFRS, climate risk management, cyber risk, AML/CFT and other emerging risks
Qualifications
Academic Qualifications: A bachelor's degree or a professional qualification in accounting, economics, risk management, or banking and finance.
Experience: Any experience in the financial sector or auditing sector is an added advantage.
OR
Professional accountancy qualification (ACCA, MICPA etc) from a reputable academic institution
At least 2 years of working experience in supervision, financial sector auditing (including IT audit) or risk management.
Experience in financial sector or auditing is an added advantage.
