Bank Negara Career

8/7/2019 Bank Negara Career

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Careers at Bank Negara Ma laysia

By Encik Kamari Zaman JuhariDirector, Human Resource Management Department

27thNovember 2007 Cairo, Egypt


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1. Bank Negara Malaysia in a nutshell

2. DNA of the people in Bank Negara Malaysia

3. Choosing Bank Negara Malaysia


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Our MissionOur Mission

Bank Negara Malaysia as a central bank,

is committed to excellence in promoting

monetary and financial system stability &

fostering a sound and progressive financial sector,

to achieve sustained economic growth

for the benefit of the nation


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An organization with a strong tradition of

professional excellence

Creates an environment for economic and

financial prosperity

A knowledge-based and performance-driven

organisation

Our UniquenessOur Uniqueness


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Our RolesOur Roles

Preserve the domestic and external value of the currency

Ensure efficient mobilisation of resources and the provisionof financing to support growth & development

Maintain stability of the financial system

Promote the development of an effective financial system Promote an effective and efficient payments system Manage the international reserves effectively Act as economic and financial advisor to the Government

Environment Shaper

Driver

Regulator & Supervisor

OperatorAdvisor


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GOVERNOR

REGULATIONSUPERVISIONORGANISATIONAL

SUPPORTECONOMICS

BOARD OF DIRECTORS

PARLIAMENT &

Minister of Finance

6 ASSISTANT GOVERNORS

3 DEPUTY GOVERNORS

Total Departments: 34

Total Staff: Approx. 2500

INVESTMENT &

OPERATIONS

OurOur OrganisationOrganisation StructureStructure


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ECONOMICS INTERNATIONAL MONETARY

ASSESSMENT &STRATEGY

ECONOMICS

INVESTMENTOPERATIONS &FINANCIAL MARKET

FOREIGNEXCHANGEADMINISTRATION

CURRENCY MGMT.

& OPERATIONS

INVESTMENT

LEGAL IT SERVICES FINANCE HR MGMT. HR DEVELOPMENT STRATEGIC MGMT. STATISTICAL SVCS

RISK MGMT CORPORATE

SERVICES SECURITY PROPERTY &

SERVICES

ORGANISATIONSUPPORT

FINANCIAL SECTORDEVT.

FINANCIALSURVEILLANCE

PRUDENTIALFINANCIAL POLICY

CONSUMER &

MARKET CONDUCT ISLAMIC BANKING

& TAKAFUL DEVELOPMENT

FINANCE &ENTERPRISE

REGULATION

FINANCIALCONGLOMERATESSUPERVISION

BANKINGSUPERVISION

INSURANCE &TAKAFUL

SUPERVISION IT & DFI

SUPERVISION PAYMENT

SYSTEMS POLICY

SUPERVISION

OTHERS CORPORATE COMMUNICATION INTERNAL AUDIT

FINANCIAL INTELLIGENCE SPECIAL INVESTIGATION

Our FunctionsOur Functions


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Making Our Global Presence FeltMaking Our Global Presence Felt

RecognitionRecognition Best Central Bank in the Islamic

Finance News 2006 & 2005 BestIslamic Banks Poll

Grade A for fifth consecutive year2007 Central Banker Report Cards byGlobal Finance Magazine

Central Banker of the Year Award byEuromoney in 2005

Global Central Bank Governor 2004by The Banker magazines

Best Central Bank Governor in Asiain 2003 by Emerging Markets

magazine Technology Business Review (TBR)

recognised Bank Negara Malaysiawith the 2007 Merit Award forGovernment Agencies

Building the LeadersBuilding the Leaders ICLIF The International Centre for Leadership in

Finance

The 8th Annual Corporate University Awards forExcellence & Innovation in Corporate Learning(2006)

Knowledge Management Centre Special Award forLibrary Transformation, Excellent Library Award2005

Positioning Malaysia as a premier and dynamicinternational Islamic financial hub

MIFC

O G


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Making Our Global Presence FeltMaking Our Global Presence Felt Positioning Malaysia as a premier and dynamic international Islamic financial hub

IFSB The IslamicFinancial Services Board- An international-standard setting body of regulatoryand supervisory agencies that have vested interest inensuring the stability of the Islamic financial servicesindustry

MIFC Malaysia as anInternational Islamic

Financial Centre- An initiative that is aimed at making the countrya centre of origination, distribution and trading ofIslamic financial instruments

INCEIF The International Centre forEducation in Islamic Finance- To produce high calibre professionals for the global Islamic financial services industry through

professional certification programmes.


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Our Core Shared ValuesOur Core Shared Values

Proactively seek knowledge and beinnovative in the way we think, andin our actions to achieve our goals

Create an environment that supportsthe achievement of highperformance.

Stretch ourselves to achieve high,but achievable goals.

Create a respectful and caringenvironment. We consistentlyensure the best of intention, attitude,behaviours, thoughts, words andaction.

Value and respect differences experience and contributions,irrespective of personal differences,knowledge and wisdom.

Fully aware and sensitive towardsdifferent stakeholders needs, andflexible in addressing thesedifferences.

Create trust by consistently being reliable, dependableand transparent in our actions, and by giving others thebenefit of the doubt.

Trustworthy in our actions. We are entrusted to advisethe nation, and manage its resources honorably andresponsibly.

Continuously seek for knowledgeand experience to become the

source of reference.Inspire confidence in others with oknowledge and actions, and ourability to anticipate changes in theindustry.

Act in the nations interest bybecoming the trusted advisor, andwithout regard for profitconsideration.

United in our purpose in achievinthe Banks vision and objectives.

Foster collaboration and sharing knowledge in all that we do.

Align individual contributions withthe teams, and ultimately the Baobjectives.

Promote highest standards of professionalism andintegrity by upholding personal & corporate ethics.

Uphold the Banks objectives and mission by havingclear understanding and ownership of the Banksvision and objectives.

Respect

for DIVERSITY

EXCELLENCE

TRUST

COLLABORATION

AUTHORITATIVE

INTEGRITY

I-ACTED


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Our Formula of SuccessOur Formula of Success


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Work/Li fe

Enabl ing

Tangib le

RewardsTangible

Rewards

Insp i ra t ion /

ValuesInspiration/

Values

Balance

Work/LifeWork/Life

BalanceBalance

Quality of WorkQuality of Work

Perception of the Value of Work

Challenge/Interest

A sense of Achievement

Freedom & Autonomy

Intellectually Stimulating Assignments

Quality of Work Relationships

Competitive Pay

Benefits

Performance Differentiated

Timely Recognition

Continuous Learning & Development e.g. on the job training,training, scholarship, e-learning, cross functional projects

Career Advancement e.g. promotion, attachment,secondment, job rotation

Performance Feedback

Physical Environment e.g.FSRC, clubhouse

Technology & Systems

Information & Processes

Safety/ Personal Security

Supportive Environment e.g.wellness & healthy lifestyle

Flexibility e.g. work fromhome

Security of Income

Quality of Leadership

Organisation Values

Reputation of Organisation

Communication Platform

BNM is for youBNM is for you

Inspiration/Inspiration/

ValuesValuesEnablingEnabling

EnvironmentEnvironment Future Growth/Future Growth/

OpportunityOpportunity

TangibleTangible

RewardsRewards


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Managerial Ladder Technical Ladder

DirectorDirector

ManagerManager

Deputy DirectorDeputy Director

Principle AuthorityPrinciple Authority

Senior SpecialistSenior Specialist

SpecialistSpecialist

Senior ExecutiveSenior Executive

ManagementManagement

Bringing Out the Best in YouBringing Out the Best in You

7 15years

RM2,941.00 with Degree

RM3,382.00 with Master

RM5,882.00 with PhD


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Shortlist Assessment Approval Offer

Our AssessmentOur Assessment

Relevant AcademicQualification

Min. CGPA of 3.00 or2nd Class Upper

Credit in Bahasa &English at SPM level

Preliminary Interview Suitability Profiling Essay Writing Presentation Final Interview


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Career Opportunities in JabatanPerbankan Islam & Takaful

By Ustaz Suhaimi Mohd Yusof

Manager, Islamic Banking & Takaful Department Bank Negara Malaysia27thNovember 2007 Cairo, Egypt


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Overview of the Islamic financial systemFinancial Sector Master PlanKey Initiatives

Islamic Banking and Takaful DepartmentHistoryMissionOrganisational StructureShariah : Main Functions / Roles

OUTLINE


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Established as an Islamic Desk in 1990 at JOPPKUpgraded into a section in 1994 and moved to JPBOctober 2000 - Islamic Banking Section in JPB merged with Takaful Sectionin JPI to form JPITResponsible to implement FSMP initiatives and in positioning Malaysia as anIslamic financial centre

Jabatan Perbankan Islam& Takaful

Islamic Bank ing Section

Jabatan Pengaw alan Bank

Takaful Section

Jabatan Pengawalan Insurans

HISTORY OF JPIT


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..to create an efficient, progressive andcomprehensive Islamic financial system that

contributes significantly to the effectiveness and

efficiency of the Malaysian financial sector.

MISSION OF JPIT

S G C C O O


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To promote and safeguard the stability of the Islamic financial system Institute regulatory and prudential policies for the orderly development of

Islamic financial industry Monitor financial condition of Islamic regulatees to ensure compliance with

the law, regulations and guidelines Promote best industry practices and instill sound credit culture among

Islamic banking players and takaful operators

To develop the infrastructure of Islamic Banking and Takaful industry Formulate and implement the FSMP recommendations Map-up strategic direction of Islamic banking and finance in the country

position Malaysia as Islamic financial centre Establish sound legal and Shariah infrastructure Enhance consumer education and awareness Provide training and technical assistance to external parties

STRATEGIC DIRECTION OF JPIT

ORGANISATIONAL STRUCTURE OF JPIT


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ORGANISATIONAL STRUCTURE OF JPIT

DIRECTOR

STRATEGIC

AFFAIRSFAMILY

TAKAFUL

FRAMEWORK

ASIA

EU & US

SALE

CONTRACTS

IJARAH

PARTNERSHIP

FIDSHARIAH MIFC PPD-TAKAFULTI PPD-IB

SUPPORT

CONTRACTS

MENA &

AFRICA

MIFC

SECRETARIAT

GENERALTAKAFUL

FRAMEWORK

SOLVENCY &

CAPITAL

ADEQUACY

FRAMEWORK

INTERNATIONAL

CURRENCY

BUSINESS

CONTRACTUAL

RISK

ISLAMIC

CAPITAL

ADEQUACYFRAMEWORK

INTERNATIONAL

CURRENCYBUSINESS

ROR &

LIQUIDITY

FRAMEWORK

COMPETATIVE

&

MARKET

INTELLIGENCE

EVENTS &

PUBLICATION

STRATEGIC

PLANNING

SPECIAL

PROJECTS

ISLAMIC

FINANCIAL

INSTITUTIONS

MARKET

STRUCTURE

ISLAMIC

FINANCIAL

MARKET

BUSINESS

DEVELOPMENT

SHARIAH : MAIN FUNCTIONS / ROLES


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SHARIAH : MAIN FUNCTIONS / ROLES

Secretariat Shariah policies Product review Advisory

SHARIAH

Strong Shariah

framework

Knowledge hub in

Shariah

Dev. sufficient pool of

competence scholars

Malaysia as global reference centre of Shariah in Islamic Finance

Current

New / Enhance Role

Strategy

ISLAMIC FINANCE


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Overview

Financial Sector Master PlanKey Initiatives

ISLAMIC FINANCE

BACKGROUND


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The genesis of Islamic banking & finance inMalaysia was influenced by both internal andexternal factors.

The external factors:1975 - Establishment of the first Islamicbank in Dubai and the IslamicDevelopment Bank (IDB) in SaudiArabia

1976-85 - Rapid establishment ofIslamic financial institution around theworld & efforts by Islamic countries totransform their domestic banking

system into the Islamic bankingsystem, notably Iran & Sudan

*

*

BACKGROUND

BACKGROUND


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The internal factors:

Success of LembagaTabung Haji as an Islamic

savings institution

Calls by MalaysianMuslims for the

establishment ofIslamic banks

Commitment of the

MalaysianGovernment

BACKGROUND

BACKGROUND


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BACKGROUND

The Government established two steering committees at the nationThe Government established two steering committees at the nationalallevel for the settinglevel for the setting--up of Islamic banks andup of Islamic banks and takafultakaful companiescompanies

Steering Committee on the establishment of an Islamic Bank Formed in 1980.

Recommendations of the Committee gave rise to: Promulgation of the Islamic Banking Act 1983 Enactment of Government Investment Act 1983 Establishment of the first Islamic bank in July 1983

Task Force on the establishment of an Islamic Insurance Company Formed in 1982 Recommendations of the task force gave rise to:

Enactment of the Takaful Act 1984 Establishment of the first takaful company in 1985

LANDMARK SPEECH IN 1990


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Tan Sri Jaffar HusseinGovernor 1985-1994USM, March 1990

.you may recalled Dr. Martin Luther Kings speech entitled

I HAVE A DREAM.Like Martin Luther King, l TOO HAVE DREAM.

I dreamt that Malaysia will one day will have two sound financial systems,i.e. the conventional financial system and the Islamic financial system.

And Malaysians will choose the Islamic financial systemfor their financial needs..

.this vision statement led to the establishment of thedual banking system in Malaysia..


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FINANCIAL SECTOR MASTER PLAN


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To develop a structured Islamicbanking system via the

Financial Sector Master Plan(2001 2010)



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To create an efficient, progressive

and comprehensiveIslamic financial system thatcontributes significantly to theeffectiveness and efficiency of

the Malaysian financial sectorwhile meeting the economic needs of

the nation.

Sets the stage for the 10-year master planfor Islamic banking and takaful

Objective



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20012001

8%

20102010

20%

20072007

15%

20042004

11%

Creating an efficient banking intermediation channel

Acquiring market share of 20% of the overall banking industry by2010 in terms of assets, financing and deposits

Positioning Malaysia as an international Islamic financial centre.

FSMP Key Initiatives


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Regulatory frameworkdevelopment

Liberalise the Islamic banking sectorissue 3 new Islamic bank licenses to foreign Islamic financial players100% ownership

Encourage transformation of Islamic window of IBS banksinto Islamic subsidiaryTo issue 4 new takaful licenses to consortium of local & foreign playersIntroduce new firewalls CAR, LRR, provisioning etc for IBS banksIntroduce Framework of Rate of ReturnIntroduce GP8i to Islamic bankMASB issued MASB-i1 for Islamic financial institutions



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Product and Market

Development

Issue Product Approval Guidelines

Develop Islamic banking floating mechanism BBA floater & ijarahIntroduce generic terms for Islamic banking productsIntroduce automated product approval and repository system (PARs)



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Legal and

Shari'ah aspects

Formed Law Review Committee to review existing laws that impedeIslamic finance development

Review Islamic Banking Act 1983 & Takaful Act 1984

Establish dedicated High Court to adjudicate cases on Islamic financialtransactions

Issue Shariah governance framework for Shariah committees in the Islamicbanks and IBS banks

Establish Shariah Advisory Council at BNM as sole reference pointRegional Centre for Arbitration Kuala Lumpur (RCAKL) as alternative disputeresolution mechanism for Islamic finance

FSMP - Initiatives


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Knowledge & Expertise

Introduce annual Islamic Banking and Takaful Week

Transform BIRT into IBFIM

Establish INCEIF RM500m endowment fund

Organize International Shariah dialogue

Set-up RM200m Shariah fund for R & D, scholarships & Shariah dialogues

Islamic banking logo

LANDMARK SPEECH IN 2005


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Islamic finance in Malaysia has now taken on a new dimension to becomemore internationally integrated. This is part of the strategy to evolveMalaysiaas an integrated international Islamic financial hubthat will have a greater role

in facilitating international economic and financial flows.Tan Sri Dr. Zeti Akhtar Aziz

Governor, October 2005


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Wallahu a`lam&

Syukran

Expected deliverables of JPIT in coming years expanding with MIFC, transcendingbeyond national borders


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Continued innovation and leadership in driving strategicdevelopmental initiatives

Extend policy leadership via the undertaking of high-qualityresearch and in-depth studies that expand the frontiers of Islamicfinance or facilitate in resolving complex policy issues in timely

manner Advance regulatory framework that addresses the uniqueness of

IBT and strikes an appropriate balance between soundness andfostering a competitive environment of IBT

Make effective contributions to international regulation, standard

setting and rule making on IBT, with a view of influencing thedevelopment of regulatory agenda of strategic importance toMalaysia

Drive high-impact strategies and collaborate closely with keystakeholders to strengthen and promote Malaysias position as

leading international Islamic financial centre

Champion the role in increasing awareness and promotingunderstanding of general public and international financialcommunity on IBT through targeted and high-impact outreachinitiatives

Global Leader

International business Regulator

Driver

Environment Shaper

Advisor

Ambassador

beyond national borders

Multi-facetedrole of JPITtaking on aninternationaldimension

A more agile and capable organisation vital to sustain pre-eminence and addresschallenges effectively organisational undertakings transcend beyond the ordinary and norms


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Shariah MIFCD TE FID IB PPD Takaful PPD

Malaysia as an International Islamic Financial Centre

Banks

StrategicResults

JPIT Pillars

Malaysia asglobal

referencecentre inShariah

One-stopcentre onMIFC

Presence ofcritical massof worldsleadingfinancialplayers

Malaysia asglobalreferencecentre fortechnicalassistance

High-impactstrategicpositioningof IFleadership

Malaysia as; Centre for

Islamic fundraising, fundmanagement,takaful &retakaful

Centre ofexcellence forIBF education& training

Malaysia as benchmarkleader in prudentialregulations for IF

BanksOtherStrategicResults

Avoiding amber status in any financial institution

Improving takaful (insurance) penetration

Financing of the economy

BNM as Leading Central Bank

JPITsOverarchingThemes ofInitiatives

Shariah MIFCD

Cross-cutting individual pillar strategy

TI FID IB PPD Takaful PPD

What We NeedWhat We Need


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Accounting

Finance

Economics

Actuarial Science

Insurance / Risk Management

Banking

Computer Science / IT

Law / Syariah Law Decision Science

Corporate Finance

Behavioral Finance

Investment Analysis

Financial Engineering/Modeling

Business Management / Commerce

Islamic Economics

Islamic Banking & Takaful

Information Management

Statistics Mathematics

Human Resources

BachelorBachelors / Masters / Masters Degree / Ph.D in:s Degree / Ph.D in:

More About UsMore About Us


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Recruitment SectionHuman Resource Management Department

11C, Bank Negara Malaysia

Jalan Dato Onn50480 Kuala Lumpur

G/L : 03-2698 8044D/L : 03-2692 5373, 03-2691 0242

Fax No. : 03-2694 2909

E-mail : [email protected] : www.bnm.gov.my/careers
http://www.bnm.gov.my/http://www.bnm.gov.my/

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Bank Negara Career