Please Note
- An estimate based on public data for similar roles. Not provided by the employer.
Associate Director, Balance Sheet and Settlement Control
Role summary
Written by MyIslandJob from the job title and employer. See the employer's page for the full description.
This role is responsible for balance sheet substantiation, settlement control, trade and payment reconciliation, exception management, and oversight of operational risk within financial markets activities. Requirements typically include a degree in finance, accounting, business, or a related discipline, with substantial experience in banking operations, settlements, reconciliations, or product control. Knowledge of financial products, regulatory controls, risk management, and reporting processes is expected. The successful candidate should demonstrate strong analytical and problem-solving skills, attention to detail, sound judgement, stakeholder-management ability, and experience leading or influencing teams. Familiarity with process improvement, control frameworks, and systems such as Excel, SQL, or banking platforms 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 focus on markets across Asia, Africa, and the Middle East. The bank provides services covering retail and affluent banking, corporate and commercial banking, financial markets, wealth management, and transaction banking. Malaysia is an established market for Standard Chartered, supporting clients through consumer banking, business banking, and institutional operations. The organisation promotes international mobility, responsible banking, inclusion, and sustainable finance. Its operations and control functions help maintain accurate reporting, effective settlement processes, regulatory compliance, and strong risk management across the bank. Employees typically work in a structured, multinational environment and collaborate with colleagues, clients, regulators, and service partners across different countries and time zones.