Assistant Internal Shari’a Auditor

ADIB - Abu Dhabi Islamic Bank; Abu Dhabi; On-site; AED 120,000 - 180,000; Full time

Job summary

ADIB - Abu Dhabi Islamic Bank in Abu Dhabi seeks an Assistant Internal Shari’a Auditor (UAE National). The role supports in assessing Shari’a compliance across internal audits and works with the team to ensure adherence to AAOIFI, HSA, ISSC standards.

The ideal candidate holds a Shari’a degree, may possess relevant certificates, and is fluent in Arabic and English. Fresh graduates are welcome to apply, with development opportunities in audit methodology and Shari’a risk assessment.

Qualifications

• Must be UAE national.
• University degree in Islamic Shari’a or a related field.
• Professional certificate in Shari’a and Islamic Banking Audit (AAOIFI or CIBAFI) is optional.
• Preference for CIA Level 1 auditing certification.
• Proficient in Arabic and English; IT skills required.

Responsibilities

• Assist in assessing the continuity and conformity of Shari’a rules across Internal Shari’a Audit assignments.
• Carry out preliminary surveys visiting departments/units subject to Shari’a Audit.
• Assist compiling/reviewing Higher Shari’a Authority (HSA) and ISSC resolutions.
• Assist developing/reviewing the Shari’a Audit Program and risk assessments.
• Identify and evaluate Shari’a Non-Compliance (SNC) risks and controls.
• Assist listing of Shari’a audit requirements/reports and risk assessments for Finance Products.
• Assist sampling methodology and testing procedures.
• Prepare Authority Letters and form audit teams.
• Use Shari’a Risk and Control Analysis to determine audit approach.
• Comply with additional tasks as assigned by Team Leader/line management.

Skills

Arabic & English language

IT skills

UAE nationality

Education

Bachelor's degree in Islamic Shari’a or related field

Professional certificate in Shari’a and Islamic Banking Audit (AAOIFI/CIBAFI) (optional)

CIA Level 1 auditing certification (preferred)

Job description

Job Description:

Role : Assistant Internal Shari’a Auditor(UAE National)

Location :

Abu Dhabi

Role Purpose:

Assist in assessing the continuity and conformity level of Shari’a rules & principles throughout the Internal Shari’a Audit assignments in order to provide a reasonable assurance to the management that Shari’a risk is mitigated to an acceptable residual level.

Key Accountabilities of the role

• Adhere to:
  • The AAOIFI Standards.
  • The CBUAE HSA Resolutions
  • ADIB- ISSC’ Resolutions
  • The Institute of Internal Audit Standards e.g. independence, objectivity, proficiency and performance of audit work.
  • The Internal Shari’a Audit objectives, mission and vision.
• Assistance in carrying out performance of the internal Shari’a audit assignments/assigned duties efficiently and effectively based on the risk-based Shari’a Audit approach sketched by the line Management and in consultation with Team Leader.
• As Assistant Internal Shari’a Auditor, the main responsibilities are as follows:
  • With team leader and team members visit departments/units subject to Shari’a Audit (Preliminary Survey) based on: Familiarization, Identification of potential areas of improvement, Confirmation, Planning the detailed audit.
  • Assist compiling, reviewing and summarizing Higher Shari’a Authority CBUAE -HSA and ADIB Internal Shari’a Supervisory Committee ISSC’s resolutions.
  • Assist reviewing of Policy and Procedures related to processes/products.
  • Assist developing/reviewing the Shari’a Audit Program and identifying/defining areas of Shari’a Non-Compliance Risks.
  • Assist Identifying and evaluating the Shari’a Non-Compliance (SNC) Risks. (Prioritizing/quantifying the SNC, SNC Assessment, Likelihood Rating Scale & Criteria, Impact Rating Scale & Criteria, Overall SNC Score scale, Definition & Criteria, Identifying the Shari’a Controls, Prioritizing, quantifying and evaluating the effectiveness of Shari’a Controls, Obtaining Management Consensus).
  • Assist Listing of Shari’a Audit requirements/reports.
  • Assist Risk Assessment for Finance Products (Assets) only. (Risk Assessment (for Finance Products) - Evaluation framework (scoring system).
  • Assist Sampling methodology (Extensive Testing, Moderate Testing, Standard Testing).
  • Assist Prepare Authority Letter.
  • Assist Formation the Shari’a audit assignments teams (team leader and members).
  • Assist Using the Shari’a Risk and Control Analysis to determine the Shari’a Audit Approach (Documenting the Shari’a Control, Walk-through of Controls, Evaluating the Effectiveness of Shari’a Compliance Controls, Reviewing the Associated Evidences).
  • Assist Sampling methodology (Defining the Population, Number of locations, Shari’a Control changes, Setting the Sample Size, Document the Tests to be performed).
  • Assist Reviewing and auditing the selected sample.
  • Assist Findings/Exceptions’ Sheets (Finding/Exception, Cause, Responsibility, SNC/ Impact, Working Paper/s Ref,Recommendation/Policy Reference, Management reply & Target Date).
  • Comply with any additional tasks which could be assigned by the Team Leader/line management.

Specialist Skills / Technical Knowledge Required for this role

• UAE nationality.
• Have a university degree in Islamic Shari’a, or relevant specializations.
• Have a professional certificate in Shari’a and Islamic Banking Audit form one of the organizations that support Islamic fiancé like (AAOIFI) and (CIBAFI). (an option)
• Preferable to have a professional certification in auditing issued by an international organization like CIA level 1.
• Arabic & English language
• IT skills

Previous experience:

Fresh graduated or up to 2 years' experience.

Requirements: