Please Note
- An estimate based on public data for similar roles. Not provided by the employer.
Assistant Manager, Credit Initiation
Role summary
Written by MyIslandJob from the job title and employer. See the employer's page for the full description.
The Assistant Manager, Credit Initiation supports the assessment and processing of credit applications in line with the bank’s policies, regulatory requirements and service standards. The role typically involves reviewing customer and financial information, validating documentation, identifying credit or operational risks, ensuring accurate data capture, and coordinating with sales, credit, operations and compliance teams. Candidates are generally expected to have a degree or relevant banking experience, knowledge of lending processes, strong analytical and numerical skills, and careful attention to detail. Experience in credit operations, loan processing, underwriting support or retail banking is advantageous. The successful candidate should work accurately under deadlines, communicate clearly, follow controls consistently and contribute to process improvements while maintaining high standards of customer service and confidentiality.
Can I work in Malaysia?
Never pay anyone for a visa or a job offer. A real employer pays the permit costs and never asks you for money.
How it works
How it works: Employment Pass with a Bank Negara letter; RM 5,000+ basic (about USD 1,150) after a 14-day MYFutureJobs advert (exempt at RM 15,000+); 10 years from RM 10,000.
Before you apply: Dealing, advising and senior roles usually need a regulator's licence or approval, which checks your honesty, skills and finances. Ask if your job does.
Watch for: Only basic pay counts towards the RM 5,000 floor, not allowances; from 1 January 2027 EP II and III applications need a succession plan to train a Malaysian.
Official source: Expatriate Services Division: ESD Online Guidebook 2025. Checked November 2026.
What the job usually comes with in Malaysia
Usual for Banking jobs in Malaysia, varies by employer. Checked November 2026.
| Housing | Not provided; senior expats may get a housing allowance |
|---|---|
| Relocation | Employer usually pays the pass fees (about RM 330 to 480) and any levy; relocation money for senior hires only |
| Flights | Not standard; senior packages may add a joining flight and home leave |
| Contract | Fixed term tied to the pass, up to 5 years each; EP I and II capped at 10 years, EP III at 5 (June 2026) |
| Leave | Peninsular Malaysia: 8 days a year, 12 after 2 years, 16 after 5; 11 public holidays; 45-hour week (by law) |
| Income tax | Flat 30% until 182 days in a year, then 0% to 30%; EPF pension 2% + 2% is mandatory since October 2025 |
| Health cover | Work-injury and invalidity cover via SOCSO (by law); no public health cover; employers add private insurance |
Senior staff often get more than line staff, for example a single room or a yearly home flight. Ask the employer what the job includes before you accept.
Guidance, not legal advice. Rules change; your employer confirms the details for your case.
About Standard Chartered
Standard Chartered is an international banking group headquartered in London, with a strong presence across Asia, Africa and the Middle East. The bank provides retail, commercial, corporate and institutional banking services, including lending, payments, wealth management, trade finance and financial markets solutions. Malaysia is one of its established markets, offering services to individuals, businesses and multinational clients through branches, digital channels and operational hubs. Standard Chartered places emphasis on responsible banking, financial inclusion, risk management, innovation and sustainable growth. Employees typically work in a multinational environment and may collaborate with colleagues across different countries and functions. The group also promotes professional development, diversity and internal career mobility. Its Petaling Jaya and wider Klang Valley operations support important banking, technology, processing, risk and customer-service activities.