Senior Manager, Sharia Compliance Department (uae National Only)

United Arab Emirates, United Arab Emirates

Job Description

:Role : Senior Manager, Sharia Compliance Department
Location : Abu DhabiRole Purpose:Assessing in maintaining the Shari\'a Compliance in ADIB Group by raising and continuously monitoring the level of compliance with the Higher Shari\'a Authority (HSA) resolutions and the CBUAE regulations and standards related to Shari\'a compliance across ADIB Group.Key Accountabilities of the roleTo assess in ensuring that all departments in ADIB Group are operating within the Shari\'a framework decided by HAS-CBUAE.
  • To assess in reviewing and approving all activities, products, and services (and related agreements) that will be conducted or executed by ADIB Group to make sure that they are in line with the resolutions of HAS-CBUAE.
  • To follow up the implementation of (and adherence to) any new HSA's resolutions, including the preparation of gap analyses.
  • To assess in making sure that the CBUAE Shari\'a Governance Standard is implemented at all levels in ADIB Group.
  • To assess in reviewing new policies and procedures to make sure that they are in line with the Shari\'a compliance requirements.
  • To provide advice (as delegated by Head of Shari\'a Compliance Dept.) in respect of Shari\'a compliance to all levels and departments in ADIB Group.
  • To raise to Head of Shari\'a Compliance Dept. the assumed deviation in the committee's resolutions from the HSA's resolutions to be discussed with the respected Internal Shari\'a Supervisory Committee (ISSC) for its final decision.
  • To assess in increasing Shari\'a compliance awareness in ADIB Group by the participation in conducting regular trainings through the Shari\'a Training Department.
  • To assess in preparing the regular Shari\'a compliance reports that are required to be submitted to ISSC and then to the ADIB Group CEO, and implement the decisions taken.
  • To participate in the Shari\'a compliance review as required by the Standard and Guidance Note Regarding Shari\'ah Compliance Function at Islamic Financial Institutions, issued by CBUAE.
  • Provide ongoing (on-job-training) and guidance to all subordinate staff to improve awareness and the level of Shari\'a compliance knowledge and related skills.
  • Review and approve goals and objectives for all subordinate staff in line with job profile, plans, staff skills and the Shari\'a Compliance strategy.
  • Comply with any additional tasks, which could be assigned by Head of Shari\'a Compliance Dept.
  • To assess in the coordination with internal Shari\'a Control Group's departments regarding the improvement of work quality.
  • Review and approve semi-annual skill inventory analysis to assess the training needs and required skills of the subordinate staff.
  • Ensure satisfactory behavior and attitude.
Results Required:
  • Providing professional support and advice to the Head of Shari\'a Compliance Department as required.
  • Providing proactive Shari\'a assistance and advice on various Shari\'a compliance issues.
  • Managing Shari\'a compliance reporting team to reach the goals of Internal Shari\'a Control and reach the goals of each member of Shari\'a compliance team.
  • Assisting ADIB group in compliance with all Shari\'a compliance requirements.
  • Taking decisive action on Shari\'a compliance matters and assessing contentious and uncontroversial issues.
  • Assessing and advising effectively to minimize and control non-Shari\'a compliance risk to ADIB group and ensuring that the system, controls and processes are appropriate and relevant.
Specialist Skills / Technical Knowledge Required for this role:
  • Bachelor's degree and above in Islamic banking or equivalent.
  • Strong academic skills or experience in Shari\'a compliance and compliance in general.
  • CISSA and/or CIPA certifications (or alternative certifications).
  • Strong knowledge of banking and Islamic banking products.
  • Strong knowledge of HSA-CBUAE Resolutions.
  • Strong knowledge of AAOIFI Shari\'a Standards.
  • Strong knowledge of CBUAE regulations related to Islamic banks (in particular: Shari\'a governance and Shari\'a compliance function).
  • Excellent communication and presentation Skills.
  • Reasonable legal background.
  • Ability to balance between compliance requirements & business needs.
  • Fluent in Arabic and English.
Previous experience required (if any)10 Years of experience in compliance (in Islamic banks), 5 years (or more) of them are in Shari\'a compliance.

ADIB

Beware of fraud agents! do not pay money to get a job

MNCJobsGulf.com will not be responsible for any payment made to a third-party. All Terms of Use are applicable.


Job Detail

  • Job Id
    JD1731010
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    United Arab Emirates, United Arab Emirates
  • Education
    Not mentioned