Banking Jobs in Malaysia

Banking in Malaysia has come a long way since the 19th century, and now it is one of the leading job providers in the country. Pay packages of the banking jobs in Malaysia are truly lucrative. Corporate Banking, Investment Banking, and Retail / Personal Banking are some of the general banking fields in Malaysia. Nestled in Southeast Asia, Malaysia is one of the most popular tourist hotspots in the world. The country comprises thirteen states and three Federal Territories. The capital city is Kuala Lumpur and total population of the country is 28,310,000. Those who are looking for banking jobs in Malaysia, for them, innumerable options are available.

Banking Industry of Malaysia

Kwong Yik (Selangor) Banking Corporation, presently known as Malayan Banking Berhad, is the first domestic bank in Malaysia. It was established in the year 1913. The banking business has come a long way after that, and the industry has experienced a major refurbishment after its independence in 1957. First Automated Teller Machines (ATM’s) was introduced in Malaysia in the 1980’s. Tele-banking and PC-banking was introduced in the 1990’s.

Bank Negara Malaysia regulates the Finance and Banking sector in Malaysia. The central bank grants license to the financial institutions to operate in this country.

A Financial Sector Master plan was initiated by the Central Bank in 2001 to give a facelift of the finance sector. As per the announcement made in April 2009 by the government, new licenses will be issued for investment banking and Islamic banking.

Career Options in Banking in Malaysia

Prospect of banking jobs in Malaysia is outstanding. Banks are not only expanding their operations and the solutions, but also employing innovative operational modules to offer a more secure and hassle-free service. Due to this reason, banks in Malaysia are now recruiting skilled and experienced workforce and from this site one can get the material like Interview Questions, Tips etc. that can help in getting a job.

All the positions offer a lucrative pay package including perks, other related benefits. Banking jobs in Malaysia are available in the following positions:

•     Banking assistant / administrator
•     Director of finance & resources
•     Assistant director of finance
•     Financial analyst jobs
•     Derivatives jobs
•     Foreign exchange jobs
•     Financial controller
•     General Manager

 
Eligibility for Banking Jobs in Malaysia
Eligibility for banking jobs in Malaysia differs from one position to another. Typically, for being able to apply to any of the above mentioned banking profiles, the candidate must have a Bachelor’s degree in the relevant field. Candidates having sound knowledge in areas such as, Banking and Finance, Credit and Risk Management, Accountancy, and Credit Value Management are given preference by the employers. For the foreign candidates, it is a must to have work permit.
Banks in Malaysia

Bank Negara Malaysia is the central bank of the county. The country incorporates a number of other banks as well. Following is a list of banks in Malaysia:
Commercial banks in Malaysia

•     EON Bank Berhad
•     Hong Leong Bank Berhad
•     Public Bank Berhad
•     RHB Bank Berhad
•     Malayan Banking Berhad (Maybank)
•     Affin Bank Berhad
•     Alliance Bank Berhad
•     AmBank Berhad
•     CIMB Bank Berhad