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.
This role supports the credit initiation process by reviewing applications, validating customer and financial information, completing credit checks, and ensuring decisions follow bank policies, regulatory requirements, and risk controls. Candidates are typically expected to have a degree in finance, banking, business, economics, or a related discipline, along with experience in credit processing, underwriting, operations, or financial services. Strong analytical ability, attention to detail, judgment, and knowledge of lending procedures are important. The successful candidate should be comfortable working with deadlines, handling sensitive information, communicating with internal stakeholders, and identifying potential risks or process issues. Experience with banking systems, secured or unsecured lending, and team coordination would be advantageous.
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 capital markets solutions. Malaysia is an important market for the group, with operations covering consumer banking, business banking, technology, risk, operations, and shared services. Standard Chartered promotes responsible banking, regulatory discipline, inclusion, and sustainable finance. Its Petaling Jaya and Kuala Lumpur teams support both local customers and the bank’s wider regional operations. Employees generally work in a structured, multinational environment where process quality, risk awareness, collaboration, and customer protection are highly valued.