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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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PreviewPreview
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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1. Bank Negara Malaysia in a nutshell
2. DNA of the people in Bank Negara Malaysia
3. Choosing Bank Negara Malaysia
PreviewPreview
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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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PreviewPreview
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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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)
FINANCIAL SECTOR MASTER PLAN
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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
FINANCIAL SECTOR MASTER PLAN
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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
FSMP Key Initiatives
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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)
FSMP Key Initiatives
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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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39JABATAN PERBANKAN ISLAM DAN TAKAFUL
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/