Associate Legal Counsel, JUN Monetary Stability Unit, Legal

ROLE PURPOSE

Provides the following in-house legal counsel services and collaborate with other legal counsels to assist the Bank in discharging its mandate, managing its legal risks and protecting its interests:

• legal advice and solution on law, governance, contract and legal risks;
• drafting/vetting primary and secondary legislation; and
• drafting/vetting contracts and other documents.

PRINCIPAL ACCOUNTABILITIES

1. Assist the Bank in discharging its mandate, managing its legal risks and protecting its interests by collaborating with other legal counsels in providing the following services:

• preparing quality, timely and practical legal opinions and solutions on governance, regulatory, supervisory, contractual, enforcement and compliance issues relating to the following matters to identify and manage the Bank's legal risks and protect the Bank's interests:
  • central banking (including monetary and financial stability, central bank governance and independence, reserve management and statistics);
  • currency management, operation, integrity and quality;
  • financial markets and Islamic financial market issues, and investment agreements (including Global Master Repurchase Agreement (GMRA) and International Swaps and Derivatives Association (ISDA) Master Agreement as well as Islamic documentations);
  • exchange control law and international relations;
  • management of subsidiary and affiliate entities;
  • laws of general application e.g. constitutional law, administrative law, company law, commercial law, contract law, Islamic finance, criminal law, trust law, international law, procurement, taxation and consumer protection; and
  • other emerging issues (e.g. sustainability, digital assets, artificial intelligence).
• preparing clear and precise draft primary and subsidiary legislation within the Bank's legal mandates to accurately reflect the Bank's policies and regulatory requirements;
• meticulous drafting and vetting of contracts and other documents to protect the Bank's legal interests with appropriate legal rights and remedies;
• promoting legal awareness and compliance within the Bank; and
• liaising with, collaborating with and managing internal and external stakeholders such as ministries, Attorney General's Chambers, Treasury Solicitor's Office, Securities Commission Malaysia, Companies Commission of Malaysia, Malaysian Bar Council, Royal Malaysian Police, other Government agencies, external legal firms and the public; and

2. Effectively participate in a meeting, committee, taskforce and project of the Bank or the department to assist the Bank in managing its legal risks and protecting its interests.

QUALIFICATIONS

Academic Qualifications:

• Bachelor of Laws with Honours (LL.B. (Hons)).

Experience: 

• 2 to 5 years working experience (in the case of Kijang Graduate Analysts, at least 18 months experience) in rendering legal services as an in-house legal counsel in a statutory body, a corporate entity or the financial industry, or as a legal practitioner in the Judicial and Legal Service or private legal practice. Working experience with a financial regulatory authority is an added advantage.

TECHNICAL SKILLS/ KNOWLEDGE

• Intermediate to advanced level of knowledge on Malaysian legal system and common law approaches to statutory interpretation;
• Basic to intermediate level of knowledge ono powers, responsibilities, limitations and liabilities of a statutory body and regulatory authority;
  • regulatory laws administered and financial industry regulated by the Bank;
  • financial market, financial agreements and Islamic finance;
  • governance and corporate management;
  • enforcement; and
  • legal risk management;
     
• Basic to intermediate level of skills on legal advisory, legal drafting, legal research, legal interpretation, leadership, analytical thinking and problem-solving;
• Basic to intermediate level of computer skills including Microsoft Outlook, Teams, Edge, Word and Power Point, and online legal databases.