ADIB
Manager - Shari’a Assessment & Testing
Abu Dhabi, UAEPosted 1 weeks ago
- Salary
- AED 12k–18k a month· est.
- Job type
- Full time
- Level
- Lead
- Field
- Legal & Compliance
- Work mode
- On site
About the role
Role : Manager - Shari’a Assessment & Testing Location : Abu Dhabi Role Purpose: Maintain Shari’a Compliance across the ADIB Group by continuously monitoring the Bank’s business activities and operations in accordance with the prevailing standards and resolutions of the Higher Shari’a Authority (HSA), the related resolutions of the Bank’s Internal Shari’a Supervisory Committee (ISSC), and the relevant regulations issued by the Central Bank of the UAE (CBUAE), in alignment with the SCD policies, procedures, methodologies, and the policies and frameworks established by the ISCG. Key Accountabilities of the role Support the Senior Manager in maintaining and enhancing Sharia compliance across the ADIB Group as per the applicable procedures and policies. Support in continuously monitoring the Bank’s compliance with HSA Resolutions, related ISSC Resolutions and applicable standards and requirements issued by the CBUAE. Ensure the Bank’s Annual Shari’a Assessment and Testing Plan “Annual Plan” comprehensively covers all critical areas of Sharia compliance within the ADIB Group. Oversee and conduct detailed Shari’a monitoring and assurance reviews across various business units. Execute effectively the assigned tasks as per the approved Annual Plan in accordance with relevant policies, utilizing a risk-based methodology supported by systems, such as the Governance, Risk and Control (GRC) platform. Assess and evaluate the Shari’a Non-Compliance “SNC” Risks and related controls and maintain regular coordination with Business Units and Operational Risk Management teams to identify issues and develop and implement effective controls. Prepare detailed reports on the review findings and results addressed to different stakeholders and Committees as per the applicable policies. Compile and present to Unit’s management comprehensive reports on the reviews findings and results. Assist in communicating these reports effectively to key stakeholders, and other relevant stakeholders. Supervise and ensure the implementation of action plans derived from the field reviews. Ensure timely and effective implementation of Shari’a compliance issues identified during assessments. Track progress and provide updates on the status of action plans. Implement and continuously refine the SCD policies, procedures, and methodologies. Provide support and guidance to the execution team to ensure high standards of Shari’a compliance. Provide support to other SCD functions as and when required. Specialist Skills / Technical Knowledge Required for this role: Bachelor’s degree in Shari’a/Islamic banking or equivalent. Strong academic skills or experience in Shari’a Compliance or Shari’a Audit. AAOIFI CSAA and/or CIPA certifications (or equivalent certifications). Expert knowledge of banking and Islamic banking products. Expert knowledge about principles of Islamic Commercial Jurisprudence, Shari’ah standards, products and Islamic banking operations Expert knowledge of AAOIFI Shari’a Standards. Excellent communication and presentation Skills. Reasonable legal and compliance background. Ability to balance between compliance requirements & business needs. Experience in Leadership roles. Fluent/proficiency in Arabic and English. Previous experience: 7 + years of experience in Shari’a related functions in Islamic banking, preferably in Shari’a Compliance, Shari’a Consultation and/or Shari’a Audit.
Requirements
Bachelor’s degree in Shari’a/Islamic banking or equivalent. AAOIFI CSAA and/or CIPA certifications (or equivalent certifications). Expert knowledge of banking and Islamic banking products. Expert knowledge about principles of Islamic Commercial Jurisprudence, Shari’ah standards, products and Islamic banking operations. Expert knowledge of AAOIFI Shari’a Standards. Fluent/proficiency in Arabic and English. 7+ years of experience in Shari’a related functions in Islamic banking, preferably in Shari’a Compliance, Shari’a Consultation and/or Shari’a Audit.
Responsibilities
Support the Senior Manager in maintaining and enhancing Sharia compliance across the ADIB Group as per the applicable procedures and policies. Support in continuously monitoring the Bank’s compliance with HSA Resolutions, related ISSC Resolutions and applicable standards and requirements issued by the CBUAE. Ensure the Bank’s Annual Shari’a Assessment and Testing Plan “Annual Plan” comprehensively covers all critical areas of Sharia compliance within the ADIB Group. Oversee and conduct detailed Shari’a monitoring and assurance reviews across various business units. Execute effectively the assigned tasks as per the approved Annual Plan in accordance with relevant policies, utilizing a risk-based methodology supported by systems, such as the Governance, Risk and Control (GRC) platform. Assess and evaluate the Shari’a Non-Compliance “SNC” Risks and related controls and maintain regular coordination with Business Units and Operational Risk Management teams to identify issues and develop and implement effective controls. Prepare detailed reports on the review findings and results addressed to different stakeholders and Committees as per the applicable policies. Compile and present to Unit’s management comprehensive reports on the reviews findings and results. Assist in communicating these reports effectively to key stakeholders, and other relevant stakeholders. Supervise and ensure the implementation of action plans derived from the field reviews. Ensure timely and effective implementation of Shari’a compliance issues identified during assessments. Track progress and provide updates on the status of action plans. Implement and continuously refine the SCD policies, procedures, and methodologies. Provide support and guidance to the execution team to ensure high standards of Shari’a compliance. Provide support to other SCD functions as and when required.
Skills
- Shari’a Compliance
- Shari’a Audit
- Shari’a Standards
- AAOIFI CSAA
- CIPA
- Islamic banking products
- Islamic Commercial Jurisprudence
- GRC platform
- Stakeholder communication
- Risk-based auditing
- Report writing
- Arabic and English fluency
- Leadership
Not sure you fit this role?
Upload your CV and see how you score against ADIB and every other live job. It's free.
Get my free matchesAED 12k–18k a month· est.
Similar jobs in the UAE
Senior Shari’a Compliance Officer
ADIBAbu Dhabi, UAE
AED 12k–18k a month· est.
Senior Officer - Shari’a Assessment & Testing
ADIBAbu Dhabi, UAE
AED 9k–14k a month· est.
Shari’a Compliance Officer
ADIBAbu Dhabi, UAE
AED 12k–18k a month· est.
Unit Head - Shari’a Assessment & Testing
ADIBAbu Dhabi, UAE
AED 12k–18k a month· est.
Sharia Compliance Lead - Internal Sharia Controls
RAKBankRas Al Khaimah, UAE
AED 12k–18k a month· est.
Assistant Internal Shari’a Auditor
ADIBAbu Dhabi, UAE
AED 9k–11k a month· est.