Cl, Shariah Rev & Assurance

Kuala Lumpur, Malaysia

Job Description


Description

Primary Objective:

  • Conduct investigations on non-compliance incidents specific to Shariah cases
  • Conduct Shariah compliance reviews for Islamic products and services from development stage to the product offering and recovery to ensure compliance to the applicable Shariah requirements.
Conduct periodic Shariah compliance reviews for branches, businesses, Islamic distribution channels, Shariah Business Overseas and Commodity Trading Providers (CTPs) as to ensure compliance to the applicable Shariah requirements
Key Responsibilities:
  • Provide report to the board, Shariah Committee of RHB Islamic Bank Berhad (SCR) and senior management regularly on Shariah non-compliance issues and findings.
  • Inform and provide updates to the board, SCR and senior management on the latest developments in legal and regulatory requirements in Islamic finance, especially in relation to issuance of the Shariah Advisory Council of Bank Negara Malaysia (SAC) rulings.
  • Ensure adequate training and guidance are provided to the officers of RHB Group on relevant Shariah requirements governing the RHB Group\xe2\x80\x99s operations, business, affairs and activities.
  • Conduct investigations on non-compliance incidents specific to Shariah cases.
  • Conduct Shariah compliance reviews for Islamic products from development stage to the product offering and recovery to ensure compliance to the applicable Shariah requirements.
  • Conduct periodic Shariah compliance reviews for branches, businesses, Islamic distribution channels, Shariah Business Overseas and Commodity Trading Providers (CTPs) as to ensure compliance to the applicable Shariah requirements.
  • Provide Qualified Shariah Officer (QSO) Confirmation through research, analysis, assessment and related justification on Shariah related risk incidents.
  • Execute Shariah assessment and screening on the LDC incidences in Op Risk Evo system.
  • Conduct Shariah Compliance Assessment (SCA) to assess of whether the Islamic banking operations and business practices complies to the applicable Shariah requirements
Circle Vision and Value Delivery
  • Determine a strategy, in alignment with CoE Lead to deliver the long-term target for the Circle
  • In conjunction with Circle Leads ideate actionable initiatives for the CoE
  • Remove obstacles and coordinate actions for successful implementation of initiatives
  • Continuously engage other Leads /stakeholders to align on priorities and major dependencies
  • Regularly review report on team performance and examine areas for improve
Continuous Improvement of Performance
  • Report the progress of Circle to CoE Lead on a frequent basis
  • Actively explore and assess opportunities for improvement of results and define (in alignment with CoE Lead) feasible steps for Circles within the CoE to achieve improvements
Coordination and Prioritization
  • Together with relative CoE Lead, hold responsibility for success of the team in achieving target performance.
  • Align with CoE Lead on the objectives of the teams in Circle and remove any misalignment
  • Play harmonizing role in alignment of team\'s objective
Support and Team Management.
  • Understand and communicate performance target and initiatives to team leads/members
  • Refine and clarify key issues faced by teams and customers (internal & external) from team leads/members
  • Ensure continuous improvement, coordinating with other parties within the CoE if necessary
  • Clearly communicate objectives to leads/members to motivate, inspire and foster delivery
  • Evaluate and monitor performance of team within the Circle
  • Closely work with team leads (if any) to ensure team members are evaluated fairly and can improve performance
Requirements

Requirements:
Bachelor Degree - Bachelor of Shariah (Islamic Law) with specialization in Fiqh and Usul Fiqh, Fiqh Muamalat (Islamic Law of Transactions/Islamic Commercial Law) or equivalent related degree holder with honors from local universities or equivalent recognized qualifications by Government..

- Preferably relevant certification related to Shariah or Islamic Banking and Finance.
  • Minimum 8 years of working experience
  • Minimum 3 years of working experience in Islamic banking products and services
  • Minimum 3 years of working experience in handling compliance functions or related experience, e.g., internal audit or operational risk in a financial institution
  • Minimum 3 years of working experience in a commercial banking environment
Minimum 3 years of working experience in an investment banking environment
  • Sets clear and realistic goals, focused on highest value activities
  • Motivates and inspires others \xe2\x80\x93 draws out the best in people
  • Strong team player; able to work with other leaders
  • Strong problem-solving skill to support issue resolution
  • Adept at solving problems in a logical and fact-driven manner
  • Highly adaptable and able to respond to change fast
  • Resourceful and able to leverage network effectively
  • Operates with focus of creating value for the customer and improving efficiency and effectiveness of the organization
  • Deep understanding of the strategic imperative
  • Deep understanding of developments and future trends for strategic imperative
  • Ability to collaborate and help the Team Lead
  • Actively listens to others, understands and values others\' views
  • Ability communicates opinions or views clearly
Ability to engage with senior management

Benefits

Dental, Education support, Miscellaneous allowance, Medical, Loans, Sports (e.g. Gym), Parking, Vision, Regular hours, Mondays - Fridays, Casual Business Wear, Performance Based Rewards

RHB Bank

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Job Detail

  • Job Id
    JD888957
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Kuala Lumpur, Malaysia
  • Education
    Not mentioned