Shari’ah Compliance Officer at Gulf African Bank

Department: Shari’ah

Reports to: Manager, Shari’ah

To ensure that the Bank is in compliance with Shari’ah directives, resolutions and Fatwas of Shari’ah Supervisory Board (‘SSB’)of the Bank

Key Responsibilities

• Receive regular MIS and confirmation from the business departments and branches relating to the Shari’ah Compliance of key transactions.
• Review all credit facilities and provide recommendations on structuring of the facilities in accordance with Shariah guidelines.
• Measure, monitor, control and manage (under the supervision and guidance of Shari’ah Manager) any real or perceived risk of Shari’ah non-compliance by the Bank across the entire organization including fundamental (or primary) as well as tertiary (or peripheral) activities, operations and functions.
• Review and understand all Shari’ah Supervisory Board pronouncements, guidelines, instructions, previous internal Shari’ah Audit results, relevant correspondences to be able to conduct reviews of the business.
• Conduct Shari’ah audits, prepare reports and discuss findings with stakeholders
• Communicate with all level of management, Shari’ah Manager SSB and external auditor.
• Share the reviewed case, rectifications and inquiries for clarification with the Shari’ah Manager.
• Assist in providing input, from Shari’ah perspective, to various teams in engaged in product development and systems implementations.
• Assist in attending to customers’ queries related to Shari’ah Matters.
• Assist in researching on best practice for Shari’ah Banking and integrating it in the Bank’s products.

Requirements

Qualifications and Experience

• University Degree from a recognized University
• Diploma in Islamic Banking and Finance will be an added advantage
• Working experience of at least five years in Islamic banking and finance
• Good understanding of Shari’ah Law
• Proficiency in Microsoft Office Suite
• Proven track record in auditing profession

Skills and Competencies

• Strong leadership skills
• Good analytical skills
• Excellent persuasion and influencing skills
• Excellent time management skills and the ability to prioritize tasks and follow up
• Fluency in written and oral English.
• Strong organizational and planning skills

Personal Attributes

• Hardworking, strategically minded individual with excellent communication, analytical interpersonal skills and presentation skills
• A passion for good work, team player and an achiever in a competitive and dynamic working environment
• Self-driven individual with the ability to work under pressure
• Excellent inter-personal and problem solving skills