looking for opportunities to work in Banks? Banking job positions in Malaysia comes with attractive salaries. There’s high demand for professional and banks are currently hiring staff for IT and digital roles in other to support fintech integration, mobile banking, and automated process improvements.
Bankers in Malaysia must have a bachelor’s degree in Banking, Finance, Accounting, or Economics, although technology-related degrees is also acceptable. Bankers must have relevant certificate like FIMM which means Federation of Investment Managers Malaysia, PCE (Pre-Contract Examination for Insurance Agents), or CUTE are advantageous. It is also important to have a strong communication in English and Mandarin, analytical, and interpersonal skills are also essential.
In this article will be looking at current banking Jobs in Malaysia, salaries and qualification.
Banking Jobs Qualification/ Skills Required in Malaysia
1. All candidate must have a Bachelor’s degree in Accounting, Finance, Economics, Banking, Business Administration, or related fields. Also graduate in other fields can be considered especially those who have strong analytical skills and academic excellence.
2. Some entry level role may accept a diploma with a minimum of 2.5 CGPA and a Credit in Mathematics at the SPM, O-Level or IGCSE level.
3. Having professional certificate like Certified Financial Planner (CFP), Chartered Financial Analyst (CFA), or Islamic Financial Planner (IFP) are highly valued.
4. In Malaysia, it is important for all candidate to have knowledge of Islamic banking, they must understand Islamic finance principles. Also having knowledge of bank Negara Malaysia (BNM) policies, foreign exchange regulations, and compliance rules is essential for technical roles.
5. For investment and financial planning role, it is important to have a valid license gotten from the Securities Commission Malaysia or other relevant certifications like FIMM, PCE or CEILI
6. Having previous experiencein customer customer service, sales, or banking operations is very important. Also, all candidate must have proficiency in English and Malay, while Cantonese or Mandarin is often requested for specific client segments.
Latest Banking Job opportunities Available for you
1. Executive, Shariah Risk Section, Operational Risk Management Department
- Employer: Bank Pertanian Malaysia Berhad (Agrobank)
- Location: Kuala Lumpur
- Job Role: Compliance & Risk (Banking & Financial Services)
- Job Type: Full time
- Education: Bachelor’s Degree in Islamic Banking, Shariah, Business, Finance /Risk Management or related discipline.
- Experience: 1-3 years with related experience.
Requirements
- Good knowledge of a broad range Islamic banking products and services including consumer banking, business banking and trade finance
- Conversant with relevant regulatory requirements i.e. Bank Negara Malaysia (BNM) Guiding Principles and Guidelines, Shariah Resolutions in Islamic finance, Shariah Parameters.
- Possess knowledge on overall Shariah risk management and risk management tools and techniques embedded in the banking.
- Requisite knowledge on Shariah or Islamic finance.
- Conversant with relevant regulatory requirements.
- Good Management & Organizational skills.
- Knowledge of Islamic Banking products and Shariah concept applications.
- Strong analytical skills on quantitative and qualitative measures for inherent Shariah risk and to provide recommendation for remedial and action plan.
- Acquire good comprehension on the Shariah Governance Policy Document.
- In-depth understanding of prevention tools or strategies to detect or mitigate Shariah losses.
2. Executive, Fraud Analyst, Card Operations
- Employer: MBSB Bank Berhad
- Location: Petaling Jaya, Selangor
- Job Role: Compliance and Risk (Banking and Financial Services)
- Job Type: Full time
- Education: Minimum Diploma or Degree in any relevant field
- Experience: Minimum of 1 year of experience in Card Authorization and Transaction Monitoring. Must be experience in working under 24/7 shift environment.
3. Credit Administration
- Employer: Alliance Bank Malaysia Berhad
- Location: Kuala Lumpur City Centre, Kuala Lumpur
- Job Role: Credit (Banking & Financial Services)
- Job Type: Full time
Requirements
- Strong inter-personal skills with high integrity.
- Good verbal and written communication skills in English.
- Good computer skills in Words and Excel.
- A recognised Diploma and Degree.
4. Customer Service Executive
- Employer: Hong Leong Bank
- Location: Melaka
- Qualification: He or she must be a fresh graduate or candidates with relevant work experience. They must also be a Malaysian citizen
- Experience: Must have related working experience in financial institution or related field. Must also possess customer interaction, cash handling, transaction processing or sales experience
- Special Skills: Basic banking knowledge, high level of integrity and accountability, excellent service mindset and communication skills and cross selling skills and professional appearance and courtesy
5. Senior Analyst (Manager), Direct Investment and Manufacturing sector, Foreign Exchange Policy Department (JDPA)
- Employer: Bank Negara, Malaysia
- Location: Kuala Lumpur
- Job Type: Full-time
- Academic qualifications: Must have a Bachelor’s degree in Accounting, Economics, Banking, Finance or other related fields. Professional qualification would be an advantage.
- Experience: At least 5 years of working experience with sound knowledge of governing rules and Acts.
Required Skills and Competencies Necessary for Banking Roles in Malaysia
1. Analytical Skills: All candidate must have the ability to interpret financial data, market trends, and economic indicators.
2. Financial Literacy: Bankers must be financially sound. They must be able to understand financial products, services, account, and capital markets.
3. Communication: They must have excellent interpersonal skills to interact with clients and build relationships. They must have good communication skills
4. IT Proficiency: He/she must be competence in Microsoft Office Suite such as Word, Excel or PowerPoint and also very familiar with banking software and CRM systems.
5. Adaptability: He/she must have the ability to thrive in a fast-paced and rapidly changing environment.
6. Sales and Negotiation: They must have the ability to achieve sales targets and negotiate deals with client, especially for those handling relationship management.
Companies or Organization Hiring Bankers in Malaysia
1. Hong Leong Bank Berhad: The Hong Leon bank is one of the top bank that has lot of vacancies for personal banker associates and other executive roles.
2. HSBC Bank Malaysia Berhad:The HSBC is an international bank that has it branch in Malaysia and they usually employ qualified staffs for various banking positions.
3. CIMB Bank: The CIMB bank is another top regional bank in Malaysia that frequently hire staff for different role.
4. Maybank: The Maybank often open job vacancies for internship and other specialized roles.
5. RHB Banking Group: The RHB banking group is also looking for senior specialists in corporate or commercial cash sales and investment bankers.
6. OCBC Malaysia: The OCBC Malaysia usually recruit staff for Investment Banking positions (AVP level).
7. Bank of America: This bank is one of the leading banks in the country and the recruit staff for Vice President and Relationship Managers in Global Corporate Banking.
8. Standard Chartered Bank: The Standard Chartered bank also hiring staff for banking and finance positions.
9. Alliance Bank Malaysia Berhad: This bank often recruit staff who have met all the demands of the bank. The offer position in any banking roles.
10. Crédit Agricole: This bank offer job opportunities for Depository Operations and Investor Services in Putrajaya.
Average Salary For Bankers in Malaysia
Generally, workers in the banking sector usually earn up to MYR 3,000 to MYR 4,000 per month, a public bank in Hong Leon bank can pay their worker around MYR 3,000 to MYR 7,000 per month, workers in HSBC can earn around MYR 3,000 to MYR 7,000 while Maybank can pay their staffs up to MYR 3,000 to MYR 15,000+.
Entry level or fresh graduate can start with MYR 2,500 and MYR 3,500 per month, senior level or experience bankers can earn up to MYR 5,000 to MYR 10,000+ per month while finance manager can earn approximately MYR 210,000 per annum. Banjers should bare in mind that the salary solely depends on location, banking sector and performance bonuses.
Conclusion
Banking jobs in Malaysia is a very stable occupation although it’s highly competitive and demanding. There’s opportunity in various sectors like commercial banking, customer service, and technology-driven roles, there is also high demands for digital transformation, automation, and compliance especially Anti-Money Laundering (AML).
The salary of bankers are very competitive and satisfactory which is influenced by the work environment, training opportunities, and the ability to maintain a work-life balance. To succeed as a candidate in Malaysia banking sector, you will need to have technical knowledge of finance and banking products, strong interpersonal skills, a customer-centric mindset, and proficiency in digital tools.
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