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Manager, Shariah Review

Salary undisclosed

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Description

- The primary role for this position is to perform on-going review on the Bank’s operations and activities based on the approved methodology and procedure to assess level of compliance with Shariah requirements.

- The review function will execute and initiate appropriate and comprehensive review exercise based on the approved Annual Shariah Review Plan.

Responsibilities

- Identifying, assessing, and monitoring the compliance of the bank’s business operations and activities with Shariah.

- Identifying Shariah issues and recommending the necessary corrective and preventive action.

- Managing the identified Shariah issues prudently and objectively.

- Identifying areas for improvement which can prevent the bank from Shariah non-compliance’s exposure.

- Assessing issues or findings identified through Shariah review assignments and other sources such as business unit’s health check for determination of Potential Shariah non-compliance (SNC) event.

- Ensuring adequate training and guidance are provided to the staff on relevant Shariah requirements.

- Preparing Shariah review reports including reports on Potential SNC Event.

- Assisting Head of Department in presenting any relevant matters to the management, Shariah Committee, Board, BNM etc.

- Ensuring all review exercises are conducted within the approved deadlines.

- Ensuring reviewees’ rectification plans of identified issues or findings are duly completed.

- Assisting Head of Department in updating the existing Parameters of Potential SNC Event from time to time.

- Informing and providing updates to the Board, Shariah Committee and senior management on the latest developments in legal and regulatory requirements in Islamic finance, especially in relation to issuance of the BNM’s Shariah Advisory Council rulings.

- Ensuring proper safekeeping of working files.

- Other relevant matters including reinforcing OCBC culture and participating with relevant association/organization/academia/public community.

- Handling department’s administrative matters.

- Completing other task assigned by the Head of Department from time to time.

Qualifications

- Malaysian citizenship.

- Minimum qualification of a bachelor’s degree in Shariah, with foundation in Usul al-Fiqh and Fiqh al-Muamalat, or related qualifications.

- 5 to 7 years of working experience in any Shariah functions, operation or product development.

- Good understanding of Shariah principles and their application in banking operations, products, and services.

- Capable of proficiently reading and comprehending texts in Arabic.

- Good communication skills in English and Malay; proficiency in Arabic is an advantage.

- Good interpersonal skills, with the ability to interact professionally with stakeholders at all levels.

- Demonstrated strong analytical skills, characterized by meticulous attention to detail and a systematic approach to problem-solving.