About this role
Bank Negara Malaysia (the Central Bank of Malaysia), is a statutory body which started operations on 26 January 1959. Bank Negara Malaysia is governed by the Central Bank of Malaysia Act 2009. The role of Bank Negara Malaysia is to promote monetary and financial stability. This is aimed at providing a conducive environment for the sustainable growth of the Malaysian economy.
Bank Negara Malaysia’s monetary policy stance is to maintain price stability while remaining supportive of growth. Bank Negara Malaysia is also responsible for financial system stability. This is achieved by developing a sound, resilient, progressive and diversified financial sector which serves to support the sectors of the real economy. It also plays an important function in implementing initiatives to deepen and strengthen the financial markets, including the foreign exchange market.
Bank Negara Malaysia has played a significant developmental role in developing the financial system infrastructure in advancing the financial inclusion agenda. This is to ensure all economic sectors and segments of the society have access to financial services. In addition, Bank Negara Malaysia also oversees the nation’s payment systems infrastructure which emphasize on the efficiency and security of the financial systems.
As the banker and adviser to the Government, Bank Negara Malaysia provides advice on macroeconomic policies and the management of public debt. Bank Negara Malaysia is also the sole authority in issuing the national currency and in managing the country's international reserves.
Assist the Manager and/or Deputy Director in:
(i) effective implementation of financial stability framework; and
(ii) formulating policies to strengthen the robustness and resilience of the financial system.
• Conduct risk assessment on the NBFIs not regulated by the Bank, considering inter-linkages and transmission of contagion risks (financial, structural and behavioral) from developments in this sector onto the financial system. • Conduct analytical research/study on contemporary issues such as “common asset holdings across NBFIs and banks” and “NBFIs’ shareholding in financial institutions” with implications on financial stability. • Conduct sensitivity analysis/stress tests to assess the resilience of NBFIs at the individual level, their ability to provide support to financial institutions and assess its implications on financial stability. • Communicate risk assessments to relevant internal committees (e.g., FSC, FSEC, MC) and external stakeholders (e.g. via the publication of the Financial Stability Report). • Explore ways to enhance assessment methodologies and tools to improve the capture and management of information critical for risk analysis. • Explore, analyse and initiate discussions on risk mitigation measures or policy options (including macroprudential policies) that need to be put in place to preserve confidence and resilience of the structure, operations and functioning of the financial system. • Engage, interact and collaborate with relevant internal/external stakeholders (e.g. Securities Commission, Malaysia Co-operative Societies Commission, Jabatan Audit Negara, NBFIs) on financial stability issues and policy options.
• Academic Qualifications: University degree or professional qualification that are related to economics, finance, accounting, quantitative analysis or related disciplines • Experience: Not necessary for KGP graduates.