Associate Supervisor/Supervisor, Insurance Conduct Oversight | Consumer and Market Conduct Department (CMC)
Bank Negara Malaysia · Kuala Lumpur
Assist in conducting the supervisory oversight of Insurers and Takaful Operators (ITOs) and Insurance/ Takaful Intermediaries (Insurance & Takaful Brokers, Financial Advisers and Loss Adjusters), through rigorous assessment of conduct practices, evaluating governance and compliance practices, and identifying vulnerabilities through risk-based supervision while applying proportionate enforcement actions to address misconduct, systemic vulnerabilities and evolving market conduct risk. The role also encompasses overseeing the compliance of prudential standards by Insurance/ Takaful Intermediaries to safeguard financial soundness and operational integrity across the sector, including robust and timely assessment and processing of applications, thereby promoting fair treatment of financial consumers and upholding market integrity.
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.
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