Executive - HLISB-Shariah (Shariah Review)

Hong Leong Bank; Kuala Lumpur; On-site; MYR 120,000 - 180,000; Full time

Job summary

Hong Leong Bank Berhad is seeking a dedicated Shariah Review professional to support independent assessment of business activities, products, and operations for Shariah compliance and regulatory alignment.

You will conduct periodic reviews, assess SNC events, document findings, and monitor corrective actions, while engaging stakeholders with independence and objectivity to uphold the bank’s Shariah governance framework.

Responsibilities

• Conduct periodic and thematic Shariah reviews in accordance with the approved Shariah Review Plan, including scoping, risk assessment, walkthroughs, sampling, testing, documentation and reporting of review results.
• Assess business activities, products, services, transactions, operational processes and controls against applicable Shariah requirements, regulatory requirements, Shariah Committee rulings and approved internal policies and procedures.
• Perform fact-finding and preliminary assessment of potential Shariah issues, including gathering supporting evidence, establishing the chronology and circumstances of the event, engaging relevant stakeholders and supporting the determination and escalation of potential Shariah non-compliance (SNC) events.
• Develop clear, evidence-based review observations and recommendations, communicate findings to relevant stakeholders and prepare Shariah Review reports and management/committee updates.
• Monitor and validate corrective and preventive actions arising from Shariah Review findings and SNC events to ensure identified gaps are appropriately addressed within agreed timelines.
• Keep abreast of relevant BNM policy documents, SAC rulings, Shariah Committee decisions and other applicable regulatory developments, and assess their implications on Shariah Review coverage and methodology.
• Support Shariah compliance awareness, knowledge-sharing and training initiatives by communicating key review observations, recurring issues and lessons learned, where appropriate.

Job description

If you are looking to excel and make a difference, take a closer look at us…

Job Purpose

To support the effective implementation of the Bank’s Shariah Review function by providing independent and objective assessment of the Bank’s business activities, products, services and operations to ensure continuous adherence to applicable Shariah requirements, regulatory requirements, Shariah Committee rulings and internal policies and procedures.

Key Responsibilities & Accountabilities

Shariah Review Planning & Execution

Conduct periodic and thematic Shariah reviews in accordance with the approved Shariah Review Plan, including scoping, risk assessment, walkthroughs, sampling, testing, documentation and reporting of review results.

Shariah Review Assessment

Assess business activities, products, services, transactions, operational processes and controls against applicable Shariah requirements, regulatory requirements, Shariah Committee rulings and approved internal policies and procedures.

Shariah Issue & SNC Assessment

Perform fact-finding and preliminary assessment of potential Shariah issues, including gathering supporting evidence, establishing the chronology and circumstances of the event, engaging relevant stakeholders and supporting the determination and escalation of potential Shariah non-compliance (SNC) events.

Review Findings & Reporting

Develop clear, evidence-based review observations and recommendations, communicate findings to relevant stakeholders and prepare Shariah Review reports and management/committee updates.

Corrective Action Monitoring

Monitor and validate corrective and preventive actions arising from Shariah Review findings and SNC events to ensure identified gaps are appropriately addressed within agreed timelines.

Regulatory & Shariah Requirements

Keep abreast of relevant BNM policy documents, SAC rulings, Shariah Committee decisions and other applicable regulatory developments, and assess their implications on Shariah Review coverage and methodology.

Shariah Compliance Monitoring & Analytics

Support the maintenance and analysis of Shariah compliance/SNC data, dashboards, risk indicators and trend analysis to identify emerging or recurring areas of Shariah risk.

Methodology & Process Enhancement

Contribute to the continuous enhancement of Shariah Review methodology, checklists, assessment tools, procedures, data and technology-enabled review processes.

Stakeholder Engagement

Work collaboratively with Business Units, Shariah Advisory, Compliance, Risk, Internal Audit and other relevant stakeholders while maintaining the independence and objectivity of the Shariah Review function.

Awareness & Knowledge Sharing

Support Shariah compliance awareness, knowledge-sharing and training initiatives by communicating key review observations, recurring issues and lessons learned, where appropriate.

About Hong Leong Bank

We are a leading financial institution in Malaysia backed by a century of entrepreneurial heritage. Providing comprehensive financial services guided by a Digital-at-the-Core ethos has earned us industry recognition and accolades for our innovative approach in making banking simpler and more effortless for our customers. Our digital and physical offerings span across a vast nationwide network in Malaysia, strengthened with an expanding regional presence in Singapore, Hong Kong, Vietnam, Cambodia, and China.

We seek to strike a balance between diversity, inclusion and merit to achieve our mission of infusing diversity in thinking and skillsets into our organisation. Candidates are assessed based on merit and potential, in line with our mission to attract and recruit the best talent available. Expanding on our “Digital at the Core” ethos, we are progressively digitising the employee journey and experience to provide a strong foundation for our people to drive life-long learning, achieve their career aspirations and grow talent from within our organisation.