Senior Legal Counsel, Financial Stability Unit | Legal Department

Senior Legal Counsel, Financial Stability Unit | Legal Department

Bank Negara Malaysia

Position : Senior Legal Counsel, Financial Stability Unit | Legal Department

Role Purpose

Supervise, guide, and coach legal counsels / associate legal counsels in providing in‑house legal services to manage the Bank’s legal risks and protect the Bank’s interests.

• Provide legal advice on regulatory laws i.e. Financial Services Act 2013 ("FSA") and Islamic Financial Services Act 2013 ("IFSA") on banking and Islamic banking relating to licensing, prudential requirements, Shariah requirements imposed on Islamic financial institutions (IFIs), shareholdings, financial groups, business and market conduct requirements, examination powers, intervention and resolution actions as well as enforcement actions.
• Draft the relevant primary and secondary legislation issued pursuant to the FSA or IFSA in relation to banking and Islamic banking.
• Draft and / or review other legal instruments specified or made pursuant to the FSA and IFSA such as discussion papers, exposure drafts, policy documents, specification letters, guidance, enforceable undertakings, agreements, memorandum of understanding, empowerment instruments etc. in relation to banking and Islamic banking.
• Review draft enforcement‑related documents such as show cause notices and final orders to be issued pursuant to the Bank’s enforcement actions under the FSA and IFSA excluding AMP, compound and criminal actions.
• Review draft letters to be issued to third parties in relation to complaints made regarding financial institutions, approval / rejection letters to applications relating to licensing, shareholding or other relevant banking and Islamic banking matters under the FSA and IFSA.
• Provide legal advice on other laws related to the regulation and supervision of conventional banking institutions and Islamic banking institutions such as the Malaysia Deposit Insurance Corporation Act 2011, Capital Markets and Services Act 2007, Companies Act 2016, Competition Act 2010, Credit Consumer Law, Labuan Financial Services Authority Act 1996, Labuan Financial Services and Securities Act 2010 and Labuan Islamic Financial Services and Securities Act 2010 etc.
• Review the Bank’s property management agreements (e.g. tenancy agreements), including variation letters to the agreements etc.
• Provide legal advice on legal issues arising from the Bank’s property management agreement.

Participate as a presenter or contributor in Bank‑wide events (e.g. Banking Supervision School), to provide legal awareness or education to stakeholders in areas relating to the legal services provided under the FSA / IFSA such as policy document drafting courses and on‑call legal clinics.

Principal Accountabilities

Assist the Bank in managing its legal risks and protect the Bank’s interests by :

Qualifications & Experience

Academic Qualifications :

Experience :

Technical Skills / Knowledge

Seniority Level

Mid‑Senior level

Employment type

Full‑time

Job function

Legal

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