Senior Officer Sharia Assessment & Testing

Role : Senior Officer - Sharia Assessment & Testing
Location : Abu Dhabi

Role Purpose:

Assisting the leadership team in maintaining Sharia Compliance across the ADIB Group by continuously monitoring the Banks business activities an operations in accordance with the prevailing standards and resolutions of the Higher Sharia Authority (HSA)the relevant regulations issued by the Central Bank of the UAE (CBUAE) and the related resolutions of the Banks Internal Sharia Supervisory Committee (ISSC) in alignment with the SCD policies procedures methodologies and the policies and frameworks established by the ISCG.

Key Accountabilities of the role

Implement the SATs Annual Sharia Assessment and Testing Plan Annual Plan in line with internal policies procedures and methodologies utilizing a risk-based methodology supported by systems such as the Governance Risk and Control (GRC) platform.

• Assist the Head of the Unit in effectively managing and supervising the SAT units various functions and the team members in accordance with applicable procedures and policies.
• Perform thorough Sharia monitoring and assurance reviews across the Banks business units functions departments etc.

• Evaluate operations and transactions for compliance with HSA standards and CBUAE regulations and other regulating bodies.

• Assist in drafting detailed reports on the review findings and results.

• Communicate these reports effectively to the leadership team.
• Assist developing information management reporting when required for the appropriate committees and forms.
• Monitor the implementation of action plans derived from the field reviews.
• Assist with continuous monitoring and enhance the compliance of the banks business and operations with prevailing HSA standards and resolutions related ISSC Resolutions and any other CBUAE requirements.
• Assist the team in assessing and evaluating the Sharia Non-Compliance SNC Risks and related controls andmaintain regular coordination with Business Units and Operational Risk Management teams to identify issues and develop and implement effective controls.
• Support the leadership team in maintaining Sharia compliance across the ADIB Group.

• Provide support to other SCD functions as and when required.

Specialist Skills / Technical Knowledge Technical Competencies Required for this role:

1. Bachelors degree in Sharia/Islamic banking or equivalent.
2. Strong academic skills or experience in Sharia compliance.
3. AAOIFI CSAA and/or CIPA certifications (or equivalent certifications).
4. Expert knowledge of banking and Islamic banking products.
5. Expert knowledge about principles of Islamic Commercial Jurisprudence Shariah standards products and Islamic banking operations
6. Expert knowledge of AAOIFI Sharia Standards.
7. Excellent communication and presentation Skills.
8. Reasonable legal and compliance background.
9. Ability to balance between compliance requirements & business needs.
10. Fluent/proficiency in Arabic and English.

Previous experience:

5 years of experience in Sharia related functions in Islamic banking preferably in Sharia Compliance Sharia Consultation and/or Sharia Audit.