ROLE PURPOSE:Undertake continuous supervision on MSB licensees to ensure compliance with relevant regulatory requirements under the Money Services Business Act 2011 (MSBA) and supervisory expectations; andProcess regulatory applications (e.g. new licence application, renewal of licence, etc) in accordance with MSBA, regulations, guidelines and circulars issued by the Bank as well as internal SOPs.PRINCIPAL ACCOUNTABILITIESPerform comprehensive assessment on licensing, renewal and other applications as required under the MSB Act and provide recommendations within stipulated time periodPerform continuous supervision, risk assessment and profiling of MSB licensees by conducting onsite examinations and supervisory visitsConduct continuous off-site monitoring and follow-up any supervisory concerns and ensure appropriate remedial actions are taken in a timely mannerUndertake assessment on potential vulnerabilities and weaknesses of MSB licensees and recommend appropriate corrective/ enforcement actions on MSB licenseesIdentify issues which may impact licensing and regulatory compliance matters and make appropriate recommendationsAdminister the relevant records of licensees and the register of agents to ensure accuracy and up-to-date informationEstablish effective collaboration with relevant stakeholders in the Bank to facilitate effective and comprehensive assessment on licenseesQUALIFICATION / EXPERIENCE:Candidate must possess at least a Bachelor s Degree in Finance, Accountancy, Banking, Economics, Information Technology,Business Managementor equivalent with a minimum CGPA of 3.00 / Second Class Upper.Required skill(s): Risk management, supervision, remittance, communication, Information TechnologyAt least 3 year(s) of working experience in the related field is required for this positionOTHER REQUIREMENTS:Candidates must posess at least 5 credits in SPM including Bahasa Malaysia, English and Mathematics.Good verbal and written communication skills in Bahasa Malaysia and English.ONLY SHORTLISTED CANDIDATES WILL BE NOTIFIED.
Type : Company job
Role : Senior Executive
Industry : Banking/Financial Services
Salary : Not Disclosed
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. Bank Negara Malaysia also places high importance in its developmental role with respect to economic management, institutional building and the development of the financial system infrastructure.
The Bank invests heavily in nurturing our talent to enhance their performance and realising their potential. Targeted talent development and career growth opportunities, continues to be given focus to drive performance.