Head, Group Risk - Shariah MY

CIMB Bank Berhad; Kuala Lumpur; On-site; MYR 180,000 - 240,000; Full time

Job summary

CIMB Bank Berhad, a leading Malaysian financial institution, seeks an experienced Shariah Risk Management leader to define and implement robust SRM strategy and policy governance. You will guide senior management on SNC risks, report to the Board, and collaborate with regulators to strengthen Shariah compliance across CIMB Group.

The role requires deep expertise in Islamic finance, strong leadership, and the ability to communicate complex concepts clearly in English.

Qualifications

• Certified Islamic Finance Professional or Master/MBA in Islamic Finance or Degree in Shariah/Islamic Finance/Islamic Law preferred.
• Minimum of 10 years work experience in Islamic Finance or banking with exposure in risk management in Islamic financial institutions.
• Strong interpersonal skills and excellent oral and written communication in English.
• Credible advisor with strong knowledge in Shariah Risk Management and Islamic banking operations.

Responsibilities

• Establish SRM Policies and Procedures governing Shariah Risk Management aligned with CIMB Group’s business size and complexity.
• Oversee and provide constructive challenge to the first line of defense in SRM policy execution.
• Provide SRM training to raise awareness and understanding across the organization.
• Establish initiatives to strengthen SRM and Shariah compliance at BU and BE levels.
• Prepare reports on Shariah Non-Compliance and Islamic Banking/SRM to senior management and the Board.
• Offer SRM expertise on a consultative basis to CIMB Group.
• Report and advise Senior Management and Risk Committees on Islamic Banking/SNC Risks and Shariah Risk Management.
• Engage regulators and industry players on SRM matters and keep abreast of market and regulatory requirements.

Education

Certified Islamic Finance Professional / Master/MBA in Islamic Finance or Degree in Shariah/Islamic Finance/Islamic Law

Job description

Drive and manage robust and consistent strategy and implementation of Shariah Risk Management (SRM) through application and preservation of Policy & Procedures (P&P) to ensure Shariah Non Compliance (SNC) risks undertaken at Group level are within the objectives and approved risk appetites of the Group.

Key Responsibilities:

As a second line of defense function that facilitates the first line of defense, i.e., Business Units (BUs) and Business Enablers (BEs) in managing SNC risks inherent in their operations and activities by:

Establishing SRM Policies and Procedures to govern Shahriah Risk Management commensurate with the size, complexity and nature of CIMB Group’s business.

Overseeing and providing constructive challenge to the first line of defense in their execution of SRM Policies and Procedures.

Providing training to enhance level of awareness on SRM.

Establishing initiatives to strengthen SRM and Shariah compliance at BU and BE level.

Preparing reports on Shariah Non-Compliance and Islamic Banking/Shariah Risk Management to senior management and Board

Providing SRM expertise on a consultative basis to CIMB Group.

This person shall be responsible to report and advise Senior Management and Risk Committees on Islamic Banking/SNC Risks and Shariah Risk Management.

The person is also responsible to play a primary role in engaging the regulators and industry players on matters related to SRM.

To keep abreast of market and regulatory requirements related to SNC risk management.

Job Specification

Qualification: Certified Islamic Finance Professional, Master/MBA in Islamic Finance or Degree in Shariah/Islamic Finance/Islamic Law will be preferred.

Minimum of 10 years work experience in Islamic Finance or banking with exposure in risk management in Islamic financial institution (IFI). Relevant first line experience in Islamic banking operations, Islamic Treasury and Wholesale and/or auditing of Islamic Financial Institutions will be an advantage.

Strong interpersonal skills.

Excellent oral and written communication skills in English.

Demonstrated managerial, leadership and facilitation skills.

Credible advisor – very strong knowledge in Shariah Risk Management, and Islamic banking operations, products and processes.

Collaborative partner – ability to communicate effectively, clearly and concisely at all levels (both internally and externally).

Your application will include the following questions:

• Which of the following statements best describes your right to work in Malaysia?
• What's your expected monthly basic salary?
• Which of the following types of qualifications do you have?

CIMB Group is one of ASEAN’s leading universal banking groups and is Malaysia’s second largest financial services provider, by assets. It offers consumer banking, commercial banking, investment banking, Islamic banking and asset management products and services. Headquartered in Kuala Lumpur, the Group is present in all 10 ASEAN nations (Malaysia, Indonesia, Singapore, Thailand, Cambodia, Brunei, Vietnam, Myanmar, Laos and Philippines). Beyond ASEAN, the Group has market presence in China, Hong Kong, India, Sri Lanka, Korea, the US and UK.

CIMB Group has the most extensive retail branch network in ASEAN approximately of 720 branches as at 30 September 2019. CIMB Group’s investment banking arm is also one of the largest Asia Pacific-based investment banks, offering amongst the most comprehensive research coverage around of 600 stocks in the region.

CIMB Group operates its business through three main brand entities, CIMB Bank, CIMB Investment Bank and CIMB Islamic. CIMB Group is also the 92.5% shareholder of Bank CIMB Niaga in Indonesia, and 94.8% shareholder of CIMB Thai in Thailand.

CIMB Group is listed on Bursa Malaysia via CIMB Group Holdings Berhad. It had a market capitalisation of approximately RM48.9 billion as at 30 September 2019. The Group has around 36,000 employees located in 16 countries

For more information, please visit www.cimb.com