Head of Shariah Audit
The Head of Shariah Review at HLISB is responsible to lead the Shariah Review function of the Bank as required by BNM Shariah Governance Framework (SGF). Shariah Review refers to a function that conducts regular assessment on Shariah compliance in the activities and operations of the Bank by a qualified Shariah officer with the objective of ensuring that the activities and operations carried out by the Bank do not contravene with the Shariah principles. The function involves examining and evaluating the Bank’s level of compliance to Shariah, remedial rectification measures to resolve Shariah non-compliances and control mechanisms to avoid recurrences. This role reports to Head, Compliance of HLISB.
Key Responsibilities and Accountabilities
Functional (job responsibilities)
The functional scope of Shariah Review shall cover the overall business operations, including the end-to-end product development process, which start from product structuring to product offering. To lead the Shariah review process shall cover, but is not limited to, the following:
1. Planning and Strategy
- To plan the Shariah Review Plan which includes the objectives, scope, reporting, rectification and follow- up actions followed by ensuring the execution of the Shariah Review Plan.
2. Documentation and Review
- To review documentation of the processes involved in the review.
- To report and communicate the outcome of the review assignment and highlight any non- compliances to the Shariah Committee and the management.
3. Compliance and Rectification
- To ensure rectification of any instances of non-compliance with the Shariah to prevent such events from recurring.
- To ensure that all tasks are in compliance with the Bank relevant SOPs, BNM Operational Risk Policy Document requirements and all other relevant Standard/Guidelines.
4. Regulatory Adherence
- To ensure that all regulatory and prudential requirements are being adhered to in managing the job functions and all regulatory reporting timelines, reporting accuracy is being complied with.
Managerial (team/group responsibilities)
- To ensure that all products, services, operations and transactions carried out by the Bank are in compliance with Shariah rules and principles at all times; Hence to ensure an end-to-end Shariah compliant control mechanism shall be established in all aspects of its business operations to ensure that all critical activities are Shariah-compliant.
Organizational (organizational responsibilities)
- To ensure the Bank's business and activities are in compliance with relevant rules and regulations such as Islamic Financial Services Act 2013 and Central Bank of Malaysia Act 2009 and Shariah guidelines and resolutions issued by the Shariah Advisory Council (SAC) of BNM. This is to ensure that the Bank’s Shariah integrity is at its highest level at all times.
- To ensure adherence of Shariah compliance requirements in HLISB operations and activities.
Jobholder Requirements
- Malaysian citizen.
Education/Qualification
- Degree holder in Shariah, study in Usul Fiqh (The origin of Islamic Law) and Fiqh Muamalat (Islamic transaction/commercial law).
- Bachelor of Law Shariah (Hons).
- A Master Degree and PHD in the Shariah field is an advantage.
Experience
- 5 years’ in islamic banking industry & islamic banking audit/ review experience.
Special Skills
- Good command in English, Arabic and Bahasa Malaysia. In addition, good presentation skill is an advantage.
- Shariah Scholars Intensive Programme (SiSIP - IBFIM) or Certified Islamic Financial Planner (CIFP – INCEIF) or Certified Shariah Adviser and Auditor (CSAA – AAOIFI) or Certified Shariah Advisor (CSA- ASAS) is an added advantage.
What’s next?
- Once you’ve applied online, our team will carefully review your application. Due to a high volume of applications, we appreciate your patience to allow for a fair and timely review process.
- Should you be shortlisted for the role, we will send you an invitation via email for an interview. You can also check on your application status by logging into your candidate account.
HLB Careers Link:
https://hlb.wd3.myworkdayjobs.com/HLBCareers/job/HLT-Hong-Leong-Tower/Assistant-General-Manager---HLISB--Shariah-Audit-_JR0000019399
For more job opportunities, please go to HLB Careers: https://hlb.wd3.myworkdayjobs.com/HLBCareers/
The Head of Shariah Review at HLISB is responsible to lead the Shariah Review function of the Bank as required by BNM Shariah Governance Framework (SGF). Shariah Review refers to a function that conducts regular assessment on Shariah compliance in the activities and operations of the Bank by a qualified Shariah officer with the objective of ensuring that the activities and operations carried out by the Bank do not contravene with the Shariah principles. The function involves examining and evaluating the Bank’s level of compliance to Shariah, remedial rectification measures to resolve Shariah non-compliances and control mechanisms to avoid recurrences. This role reports to Head, Compliance of HLISB.
Key Responsibilities and Accountabilities
Functional (job responsibilities)
The functional scope of Shariah Review shall cover the overall business operations, including the end-to-end product development process, which start from product structuring to product offering. To lead the Shariah review process shall cover, but is not limited to, the following:
1. Planning and Strategy
- To plan the Shariah Review Plan which includes the objectives, scope, reporting, rectification and follow- up actions followed by ensuring the execution of the Shariah Review Plan.
2. Documentation and Review
- To review documentation of the processes involved in the review.
- To report and communicate the outcome of the review assignment and highlight any non- compliances to the Shariah Committee and the management.
3. Compliance and Rectification
- To ensure rectification of any instances of non-compliance with the Shariah to prevent such events from recurring.
- To ensure that all tasks are in compliance with the Bank relevant SOPs, BNM Operational Risk Policy Document requirements and all other relevant Standard/Guidelines.
4. Regulatory Adherence
- To ensure that all regulatory and prudential requirements are being adhered to in managing the job functions and all regulatory reporting timelines, reporting accuracy is being complied with.
Managerial (team/group responsibilities)
- To ensure that all products, services, operations and transactions carried out by the Bank are in compliance with Shariah rules and principles at all times; Hence to ensure an end-to-end Shariah compliant control mechanism shall be established in all aspects of its business operations to ensure that all critical activities are Shariah-compliant.
Organizational (organizational responsibilities)
- To ensure the Bank's business and activities are in compliance with relevant rules and regulations such as Islamic Financial Services Act 2013 and Central Bank of Malaysia Act 2009 and Shariah guidelines and resolutions issued by the Shariah Advisory Council (SAC) of BNM. This is to ensure that the Bank’s Shariah integrity is at its highest level at all times.
- To ensure adherence of Shariah compliance requirements in HLISB operations and activities.
Jobholder Requirements
- Malaysian citizen.
Education/Qualification
- Degree holder in Shariah, study in Usul Fiqh (The origin of Islamic Law) and Fiqh Muamalat (Islamic transaction/commercial law).
- Bachelor of Law Shariah (Hons).
- A Master Degree and PHD in the Shariah field is an advantage.
Experience
- 5 years’ in islamic banking industry & islamic banking audit/ review experience.
Special Skills
- Good command in English, Arabic and Bahasa Malaysia. In addition, good presentation skill is an advantage.
- Shariah Scholars Intensive Programme (SiSIP - IBFIM) or Certified Islamic Financial Planner (CIFP – INCEIF) or Certified Shariah Adviser and Auditor (CSAA – AAOIFI) or Certified Shariah Advisor (CSA- ASAS) is an added advantage.
What’s next?
- Once you’ve applied online, our team will carefully review your application. Due to a high volume of applications, we appreciate your patience to allow for a fair and timely review process.
- Should you be shortlisted for the role, we will send you an invitation via email for an interview. You can also check on your application status by logging into your candidate account.
HLB Careers Link:
https://hlb.wd3.myworkdayjobs.com/HLBCareers/job/HLT-Hong-Leong-Tower/Assistant-General-Manager---HLISB--Shariah-Audit-_JR0000019399
For more job opportunities, please go to HLB Careers: https://hlb.wd3.myworkdayjobs.com/HLBCareers/