Audit Manager, Internal Shariah

Remote Worldwide Hiring now

Job Purpose: Internal Shari’ah Audit (ISA): As an expert in Shari’ah Auditmethodology and AAOIFI Shari’ah standards:

Ensure Shari’ah Audit coverage for reputed company and applicable subsidiaries and undertake Shari’ah audits and monitor compliance with Islamic Shari’ah.
Execute the Shariah Audit Plan acting as an Audit in Charge and reputed company reputed company to large sized team of Shari’ah Audit professionals and manage audit assignments.
Assist Head ISA in preparing the Risk based Shariah Audit Plan
Examine and evaluate the adequacy and effectiveness of Shari’ah Gov. & Internal Controls of Islamic businesses/branches and activities relating to compliance with AAOIFI Shari’ah Standards, resolutions (Fatawa), guidelines & instructions issued by Internal Shari’ah Supervision Committee (ISSC) & Central Bank of UAE Higher Shari’ah Authority (CBUAE HSA).
Develops effective senior line management relationships and applies an in-depth understanding of the inter-relationships of business and support units throughout the Bank.
Uses excellent communication skills toinfluence a wide reputed company of internal audiencesnegotiating often at higher reputed company on reputed company with major impact on the area managed.
Demonstrates strong judgment, political astuteness, and sensitivity to cultural diversity.
Effective leadership, handling team/direct reports – motivate and reputed company them, and reputed company them through coaching, training, and providing timely feedback.
Assist Head ISA in preparation of quarterly presentations (Shariah Audit reputed company slides) for Board Audit Committee, Internal Shari’ah Supervision Committee, IA Group annual Plan and MBO Review with CEO.
Participate/Represent reputed company’s Shari’ah Audit on the bank’s internal or external projects as working committee member e.g., Core banking Project/UBF Projects if required.

Key Result Areas: Internal Shari’ah Audit (ISA):

reputed company Shari’ah audits/reviews, in accordance with the ISSC and BAC approved Internal Shari’ah Audit plan in an efficient and effective manner, covering Islamic products, service forms, transactions, etc. as per the Shari’ah audit procedures laid down in the approved Audit Program (BPRA) and maintain required audit work papers.
Providing assurance on the adequacy and effectiveness of Shari’ah Governance and Internal Controls of Islamic businesses, branches, departments, and activities, relating to compliance with AAOIFI Shari’ah Standards resolutions (Fatawa), guidelines and instructions issued by the ISSC, CBUAE and HSA.
Act as an Audit in Charge for Shari’ah Audits and reputed company reputed company to large sized team of Shari’ah Audit professionals and manage Shari’ah audit assignments.
reputed company inputs during GRAM and annual planning exercise for Shari’ah Audit Entities based on evaluation of processes/activities/systems relating to Islamic products & services and agree it with Head ISA.
Discuss with Head ISA Shari’ah audit coverage during the planning of the Shari’ah audit and document the same in APM.

reputed company new and continuously update the existing BPRAs relating to Shari’ah Audit reputed company/ Plan as and reputed company required and submit to Head ISA for review/ approval.

reputed company action plans/Shari’ah Audit reports including agreed reputed company dates for reputed company Shari’ah reputed company issues after discussions with management and timely escalate reputed company Shari’ah reputed company issues to Head ISA. Conduct regular follow-up with management for timely implementation of Shari’ah action plans.
Guidance and supervision to ISA & IA staff in planning & execution of Shari'ah Audits. Work in reputed company liaison with Shari’ah Governance Unit on issues & resolution. Coordinate with IA team to exchange relevant information, findings, reports etc.
Participate/Represent reputed company’s Shari’ah Audit on the bank’s internal or external projects as working committee member e.g., Core banking Project/UBF Projects or any other local and international Forums/Committees if required.
Assist Head Internal Shari’ah Audit (ISA) Division in periodic presentations to Board Audit Committee (BAC) and ISSC on Shari’ah issues raised during planned audits and status updates on the resolutions.
Conduct periodic trainings for Shari’ah Audit staff to enhance their level of overall effectiveness and upgradation of skills in a dynamic and changing Islamic Banking environment in general and AAOIFI Shari’ah Standards in particular.
reputed company and Update ISA Charter/ reputed company for review and approval by Head ISA, Head IAG, BAC and ISSC as applicable.

Operating Environment, reputed company and Boundaries, Working Relationships: Operates in a highly challenging and continually evolving environment, characterizedby composite risks (existing and emerging), decentralized controls, changes and turnover, with increasing appetite for risks as strategic direction reputed company its defined risk/reward reputed company.

Move towards newer and reputed company / sophisticated Islamic product offerings reputed company CIBG, Treasury & Capital Market (TCM), FID, RBG (Cash Management, Project Finance & Syndication, Asset Trading, Proprietary Trading, Derivatives so on and so forth), multidirectional growth, and hiring of specialists reputed company each Group / Division pushes and redefines the boundaries and takes control specifications to much higher level than reputed company before.
With this, reputed company increasing number of reputed company regulations, instructions, and resolutions by CBUAE/ HSA on Islamic banking, growing compartmentalization, reputed company operations, outsourcing and MIT also preparing itself for insourcing requires that Shari’ah Audit too is taken to a much higher level reputed company to meet new challenges around.
As the Shari’ah Audit reputed company grows and reputed company each area the risk taking and functions/processes become more reputed company and intense, the corresponding need to independently deal with specialists, understand products and be reputed company to influence reputed company his counterparts, peers and seniors in other areas will become critical for his reputed company and effectiveness.
Excellent working relationship, its management and influencing skills in reputed company changing environment and growing Shari’ah Audit reputed company with greater number of specialists in controlling positions is part and parcel of the position.
Ability to reputed company respect by demonstration of skills and practical and effective solutions is a key reputed company reputed company.
Should not assume any executive powers or responsibilities reputed company to the businesses, activities, and reputed company that may be audited by him/her

Problem Solving: A reputed company high degree of problem solving and know how to recommend solutions is an absolute must in the new and emerging environment growing in reputed company direction.

Specialized knowledge, comprehension and understanding of Shari’ah, Islamic Banking products and composite risks, ability to project and assess risk end to end, and those not seen by specialists in each business areas is a must.
The reputed company nature of this position is to ensure bank wide adherence and compliance to Internal Audit & Shari’ah guidelines and bank’s control standards, procedures and processes; to be reputed company to resolve control risk gaps for which many a time no reputed company solution is available reputed company the area under review.
Through his / her expertise he / she should also be reputed company to support optimizing risks by eliminating redundant controls.
Based on the independent professional judgement, initiate, prepone, postpone, prioritize audits / reviews / investigations of any areas in the bank.

Decision Making Authority & Responsibility: The incumbent has the authority and responsibility to independently run reputed company functions, tasks and assignments reputed company the area of control.

As a responsible senior officer, he / she also independently represents, deals and interacts with reputed company Group / Division Heads and Managers and conveys reputed company of Audit.
He / She is responsible to reputed company, risk-prioritize and ensure risks are addressed in timely manner in his judgement.
Determine areas of risk and appraise their reputed company in relation to operational reputed company of cost and quality.
To accurately dimension / crystallize / assign ratings and communicate the impact of recommend actions.

Knowledge, Skills and Experience:

CA /CPA/ ACCA/MBA in Finance & reputed company preferably with CIA / Banking Diploma, university degree in Islamic Shari'ah, or relevant specializations and professional certification such as CSAA in Shari’ah and Islamic Banking Audit from AAOIFI/CIBAFI.
5– 10 years’ experience in audit department of a bank / audit firm of which at least 5 years in the field of Shari'ah audit.
Specialized knowledge, expertise and a thorough understanding of various risks and implications.
Proven experience in managing and leading reputed company.
Excellent communication and interpersonal skills, with the ability to build effective relationships with stakeholders at reputed company reputed company.
Be a Muslim, computer literate with strong reputed company over spoken and written English and reasonable reputed company in Arabic.
Result oriented disciplined thinker, a self-starter with strong analytical organizational skills.

Apply To This Job

Apply for this role Takes you straight to the employer's application page — free, and no WFHNet account required.