Senior Sharia Compliance Officer

ADIB Group; Abu Dhabi; On-site; AED 240,000 - 360,000; Full time

Job summary

ADIB Group in Abu Dhabi is seeking a Senior Sharia Compliance Officer to ensure Sharia compliance across the organization in line with HSA standards and ISSC resolutions. You will manage recording, translation, and dissemination of new resolutions, and conduct gap assessments to identify and mitigate Sharia risks.

You will support the team leader, maintain the SCDs and related policies, monitor action plans, and report outcomes to stakeholders, ensuring effective implementation across all

Qualifications

• Bachelor's degree in Sharia/Islamic banking or equivalent.
• 5+ years of experience in Sharia related functions in Islamic banking, preferably in Sharia compliance, Sharia consultation or internal Sharia audit.

Responsibilities

• Assist in effectively managing and supervising SRA units and team members.
• Disseminate and record new HSA/ISSC resolutions accurately and timely.
• Analyze resolutions and translate texts when required.
• Maintain an organized database of resolutions using GRC systems.
• Communicate resolutions to departments and stakeholders per procedures.
• Ensure understanding and implementation of resolutions across the organization.
• Conduct gap assessments against HSA resolutions and assess risks and controls.
• Identify areas of Sharia non-compliance and recommend corrective actions.
• Monitor action plans and ensure timely resolution of issues.
• Provide updates to the team leader and prepare relevant reports.

Skills

Sharia compliance

AAOIFI CSAA/CIPA

Islamic banking knowledge

Arabic & English

Communication skills

Legal & compliance

Education

Bachelor's in Sharia/Islamic banking

Job description

Description

Role : Senior Sharia Compliance Officer
Location : Abu Dhabi
Role Purpose:
To ensure Sharia compliance across the ADIB Group in accordance with the prevailing Higher Sharia Authority (HSA) standards and resolutions related ISSC Resolutions and the applicable regulations issued by the Central Bank of the UAE (CBUAE). The role encompasses supporting the management of receiving and recording new HSA and ISSC resolutions ensuring their timely dissemination across the organization conducting comprehensive gap assessments evaluating associated risks and controls and monitoring the implementation of action plans arising from these assessments.

Key Accountabilities of the role

Assist the team leader in effectively managing and supervising the SRA units various functions and the team members in accordance with applicable procedures and policies.

• Ensure the timely dissemination and accurate recording of new HSA Resolutions and related ISSC Resolutions.
• Ensure precision in analysis of resolutions and input of their texts into the system including accurate translation when required.
• Coordinate with the team leader to thoroughly understand the Banks various business and operational functions and continuously assess them to accurately identify key stakeholders.
• Assist in maintaining an organized and up-to-date database of all resolutions for easy access and reference using the applicable systems such as the Governance Risk and Control (GRC) system.
• Assist in communicating new HSA Resolutions and other related resolutions or standards to relevant departments and stakeholders in accordance with the applicable procedures.
• Ensure clear understanding and effective implementation of these resolutions across the organization.
• Conduct comprehensive gap assessments (GA) against HSA Resolutions identify obligations to relevant stakeholders and accurately assess related risks and the effectiveness of existing controls as directed by the team leader.
• Assist the team leader in identifying areas of Sharia non-compliance and recommend appropriate correctiveactions.
• Monitor the implementation of action plans derived from GA.
• Ensure timely and effective resolution of Sharia compliance issues.
• Provide regular updates to the team leader on the status of obligations action plans and any other issues.
• Assist in preparing relevant reports and dashboards to be provided to different stakeholders as per P&Ps.
• Assist in implementing and continuously refining ADIBs related SCDs related policies procedures and methodologies.

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

Specialist Skills / Technical Knowledge Required for this role:

• Bachelors degree in Sharia/Islamic banking or equivalent.
• Reasonable academic skills or experience in Sharia compliance.
• AAOIFI CSAA and/or CIPA certifications (or equivalent certifications).
• Good knowledge of banking and Islamic banking products.
• Very Good knowledge about principles of Islamic Commercial Jurisprudence Shariah standards products and Islamic banking operations
• Good knowledge and experience of AAOIFI Sharia Standards.
• Excellent communication and presentation Skills.
• Reasonable legal and compliance background.
• Ability to balance between compliance requirements & business needs.
• 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 Internal Sharia Audit.

Required Experience:

Senior IC