AVP - Standard Products & Pak - Islamic Products & Governance - Management Group - PAKCOE
AVP - Standard Products & Pak - Islamic Products & Governance - Management Group - PAKCOE
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
Job Description
To assist in reviewing and providing Shariah Advisory for new and existing Islamic products in Corporate Retail Treasury and Subsidiaries and for new projects along with Shariah training function for the bank as and when required by the Supervisor.
Responsibilities
Advisory: Standard Products
Assist the supervisor to:
Provide Shariah advisory on new Islamic products on recommendation of product team and business units from CIBG IBG RBG TCM and subsidiaries.
Provide Shariah advisory on existing Islamic products and work closely with CIBG IBG RBG TCM and subsidiaries for maintenance of Islamic products.
Review and obtain approval of product contracts/ documents related to Islamic products.
Review and obtain approvals on concept papers product guides PPGs policies Fatwas SOPs and manuals etc.
Ensure business/ product queries on day-to-day banking activities related to Shariah matters are timely addressed.
Coordinate with business/ product and Legal team for preparation of legal documents or amendments to the existing documents in light of the Shariah compliance requirements.
Conduct document & SOP mapping related to Shariah sensitivities for each Shariah contract and provide the list of possible action items.
Ensure that Shariah sensitivities related to Islamic products are duly captured in the SOPs product guides and standard product documents.
Review of Digital Journey screens for each product from Shariah perspective and to ensure implementation of related guidelines issued by the Internal Shariah Supervion Committee.
Work closely with Business and IT teams for the development of Digital Journey screens related to each product (liability and asset side) and guide the process from Shariah perspective.
Ensuring the process / timings of Legal documents and transactional level contracts execution for each product via Digital Journey Screens.
Compile and send responses to clients on portal after getting its draft approved from line manager.
Obtain approvals on marketing/ promotional material etc.
Ensure that all active Islamic products documents are kept updated and required changes are approved by the relevant approving authority.
Join project based cross-functional teams and/ or working committees to get Shariah requirements fulfilled.
Respond to internal stakeholders for their queries/ requests related to Shariah compliance.
Mashreq Capital & Securities:
Provide Shariah Advisory to Mashreq Capital and Mashreq Securities and respond to their day to day banking queries/requests related to Shariah compliance.
Managing Shairah Board Secretariat of Mashreq Capitals Shariah Supervisory Board including preparation of Agenda working papers and arranging half yearly meetings.
Coordinate with Shariah Supervisory Board members of Mashreq Capital in arranging necessary approvals related to Sukuk Funds equities legal agreements SSB Annual reports SSB Agreement/contract Zakah calculation and Charity disbursement etc.
Mashreq Bank Pakistan (MBP):
Review of policies frameworks SOPs for Mashreq Bank Pakistan (MBP).
Arrange Unit Manager & Head IFASCs approvals as per internal delegation matrix to ensure Shariah Governance from a Mashreq Group perspective.
Shariah Training:
Assist the supervisor to:
Establish knowledge base in Mashreq through developing effective and appropriate technology enabled learning and development training courses and material which comply with the CBUAE Shariah Governance AAOIFI Shariah Standards and the Internal Shariah Supervisory Committee (ISSC).
Design and deliver training courses which are tailor made to different roles and functions in the first second and third lines of defense.
Conduct sessions post new product launches to make staff familiar with the Shariah sensitivities in the process and documentation.
Conduct refresher training on Islamic banking and products upon request from business.
Prepare annual Shariah training plan to be approved by the ISSC and the management before the beginning of any fiscal year.
Prepare knowledge nuggets and manage their bank-wide recurring circulation.
Periodically report the progress to the ISSC on the training calendar.
Work closely with MLS to develop new e-learning courses for various groups across the bank as per the approved training calendar.
Maintain a dashboard to depict the status of the Bank in terms of Shariah knowledge & understanding.
Send monthly recommendations to the MLS on the Shariah training requirement of the newly joined staff across the bank.
Qualifications
Graduation in business/banking or Professional qualification in Finance
Certification/qualification in Islamic Banking
Significant exposure to Shariah principles via studies courses or extensive on the job learning
Extraordinary attention to detail is required
Strong communication skills: as Bank wide interaction on technical issues is required
Command on MS office
10 years plus experience in Banking Institutions
7-8 years plus experience of Islamic Banking in Product Development Shariah Advisory and/ or Shariah Compliance Department
Arabic language capability will be a plus
Required Experience:
Exec
Employment Type
Full-Time
