Senior Manager, Shari'a Audit

Role : Senior Manager Sharia Audit
Location : Abu Dhabi

Role Purpose:

Responsible for organizing and managing internal Sharia audits assignments according to Internal Sharia audit plans. The responsibilities of Sr. Manager Sharia Auditinclude overseeing the process of Internal Sharia audits making recommendations on policies and ensuring that the organization conform with Sharia rules & principles in order to provide a reasonable assurance to the management that Sharia risk is mitigated to an acceptable residual level.

Performs complex internal Sharia audit assignments in designated areas of the organization to identify resolve and/or recommend solutions to assure full compliance with Sharia resolutions of ADIBs Internal Sharia Supervisory Committee of ADIB. May serve as the project leader on standard audits and conduct complex audits independently.

Key Accountabilities of the role

• Adhere to:

  • The AAOIFI Standards.

  • The Institute of Internal Audit Standards e.g. independence objectivity proficiency and performance of audit work.

  • The Internal Sharia Audit objectives mission and vision.

• Perform the internal Sharia audit assignments/assigned duties efficiently and effectively based on the risk-based Sharia Audit approach sketched by the line Management and in consultation with Team Leader.

• As Sr. Manager Sharia Auditor of High/Medium/Low risk Sharia audit assignments or Team Leader of Medium/Low risk Sharia audit assignments must assist the Team Leader or line management inpreparing a risk-based Sharia audit plan for the assignments by:

  • Developing an understanding of activities.

  • Defining the related areas of Sharia risks and controls for all the activities/processes subject to Sharia Audit.

  • Drafting/revising/updating the Sharia Audit Program based on Sharia risk assessment that considers impact and likelihood. Ensure any changes/additions to Sharia audit programs are discussed and approved by Team Leader.

  • Compiling and reviewing the Internal Sharia Supervisory Committee resolutions. Also ensure that the resolutions are incorporated in the related Sharia audit program.

  • Preparing the checklist which will be used between the Sharia Team Leader and members.

  • Assisting and coordinate with the Sharia IT Project team or IT Division (thru Sharia IT project team) to develop/improve certain reports required prior to the commencement and/or throughout the Internal Sharia Audit assignments.

  • Preparing the Authority letter.

  • Preparing and conducting a presentation to all concerned Sharia audit members Team Leader and line Management discussing the steps that have been implanted/will be implemented during the preparation and field work stages.

  • Selecting the samples in consultation with Team Leader and according to the approved sampling methodologies.

  • Preparing the Assignment Planning Memorandum.

  • Arranging for and completing the working papers/assigned work on timely manner according to Internal Sharia Audit management guidelines in this addition; handing over the working paper to Team Leader on timely manner without delays. Also by ensuring that working papers reflects the work performed sample selected and contains Sharia Audit program and is considered ascomplete/adequate to support exceptions.

    • Providing guidance to other Sharia Auditors in consultation with/as requested by Team Leader.

    • Following-up receipt of Client management replies to exceptions as per Sharia Compliance policy (3 working days) and promptly bringing to the attention of line management any deviation which could result from delaying Sharia audit process (during fieldwork or draft report).

    • Completing the assigned duties within projected time scale and that any variances been properly justified to Team Leader.

    • Completing the assignment performance appraisal performed by Team Leader at the end of each Sharia audit assignment

    • Enhancing decision-making skills.

  • By applying risk-based Sharia Audit methodology; identify critical Sharia risks major control weaknesses process inefficiencies on timely manner and report to the respective Team leader for discussion and opinion.

  • Ensure that corrective actions have been taken on all previous Sharia audit exceptions and that repeated issues are highlighted to the team leader on time.

  • Ensure that exceptions are drafted properly/promptly by utilizing the exceptions database and discussing the exceptions with Team leader prior to drafting.

  • Achieve high standards of behavioral competencies according to the competencies defined by the line management (as per the Assignment Performance Appraisal related to Team Member). Consult with Team Leader on the competencies below standards.

  • Keep a constructive working relationship with Sharia Audit clients in order to achieve the overall objectives.

  • Maintain excellent teamwork environment and team spirit.

  • Achieve very good knowledge of ADIB processes policy & procedures and AAOIFI/IIA standards.

  • Understand/improve working knowledge on all automated Sharia auditing tools.

  • Maintain very good efficient and professional oral and written communication skills.

  • Whenever requested participate in special reviews (related to Sharia). During the special review assist in determining the circumstances which enabled such situations identify responsibility for any losses or failures to comply with Sharia policy & procedure and provide recommendations for Team Leader/line management review.

  • In coordination with Team Leader train new/existing staff on Sharia related issues and Sharia Audit Approach.

  • Whenever requested by Team Leader review new and/or changes to banks policies and procedures (related to Sharia) in order to evaluate the Sharia control adequacy and related risk mitigation.

  • Ensure that paper-based working papers and other Sharia audit documents are adequately protected and secured throughout the assignment.

  • Comply with any additional tasks which could be assigned by the Team Leader/line management.
    

Specialist Skills / Technical Knowledge Required for this role:

• Bachelor in Sharia or Islamic Economics or Islamic Banking.

• CISSA and CIPA certifications(or alternative certifications).

• A professional certificate in auditing issued by an international organization.

• Arabic & English language

• IT skills
  

  Previous experience:

• 5 to 10 years experience.