Head of Shariah Review

OCBC Al-Amin Bank Berhad; Malaysia; On-site; MYR 60,000 - 90,000; Full time

Benefits offered by this job

Competitive salary

Flexible benefits

Community initiatives

Learning opportunities

Equal opportunity

Fair employment

Job summary

OCBC Group is seeking a Shariah Review Leader to guide the department in reviewing banking activities for Shariah compliance and to drive the achievement of Shariah review objectives. The role involves oversight of key controls, budgeting, and staff training within a supportive team environment.

The incumbent will promote Shariah awareness across the bank, engage with academia and the public, and ensure adherence to regulatory expectations while maintaining a culture of integrity and service

Qualifications

• Regular reviews on all activities, business operations, affairs and conduct of the Bank to assess level of compliance with Shariah rules and principles.
• Promote Shariah/Islamic finance awareness across the bank and participate in engagement with academia/public community.

Responsibilities

• Regular reviews on all activities, business operations, affairs and conduct of the Bank to assess level of compliance with Shariah rules and principles.
• Manage operating expenses within the budget allocation and supervise/administer the day-to-day operations of the department to ensure compliance with internal control requirements set.
• Strengthen the talent pool; manage attrition rate and the necessary compulsory training and awareness program to staff.
• Ensure timely and accurate submission of relevant information to internal & external stakeholders, to the extent applicable.
• Cooperate in promoting compliance and risk cultures within group.

Job description

WHO WE ARE

As Singapore’s longest established bank, we have been dedicated to enabling individuals and businesses to achieve their aspirations since 1932. How? By taking the time to truly understand people. From there, we provide support, services, solutions, and career paths that meet their individual needs and desires. Today, we’re on a journey of transformation. Leveraging technology and creativity to become a future-ready learning organisation. But for all that change, our strategic ambition is consistently clear and bold, which is to be Asia’s leading financial services partner for a sustainable future. We invite you to build the bank of the future. Innovate the way we deliver financial services. Work in friendly, supportive teams. Build lasting value in your community. Help people grow their assets, business, and investments. Take your learning as far as you can. Or simply enjoy a vibrant, future-ready career. Your Opportunity Starts Here.

Job Summary

To lead the department, provide guidance and necessary direction in discharging the role and responsibilities in performing review on shariah related areas. To drive the achievement of objectives of shariah review exercise which shall cover the activities and operations of the bank to assess the level of compliance with the relevant shariah requirements.

Responsibilities

KEY BUSINESS Independent Review Function Provide leadership, guide and oversight the following key activities of the department:

• Regular reviews on all activities, business operations, affairs and conduct of the Bank to assess level of compliance with Shariah rules and principles.

OPERATIONAL

• Manage operating expenses within the budget allocation and supervise/administer the day-to-day operations of the department to ensure compliance with internal control requirements set.
• Strengthen the talent pool; manage attrition rate and the necessary compulsory training and awareness program to staff.
• Ensure timely and accurate submission of relevant information to internal & external stakeholders, to the extent applicable.
• Promote Shariah/Islamic finance awareness across the bank and participate in engagement with academia/public community.

CONTROLS (i.e., Risk/Compliance/Audit)

• Ensure no significant/severe breaches to shariah requirements and AML/CFT that can lead to penalty or reprimand.
• Ensure operations of the department are maintained within the internal control disciplines measures by regulators and within the ‘pass rate’ rating set by internal audit.
• Strengthen the necessary control awareness for the department related to operational risk, AML/CFT and other regulatory requirements.
• Ensure appropriate and proper conduct when dealing with customers.
• Cooperate in promoting compliance and risk cultures within group.

What we offer

• Competitive base salary.
• A suite of holistic, flexible benefits to suit every lifestyle.
• Community initiatives.
• Industry-leading learning and professional development opportunities.
• Equal opportunity.
• Fair employment.
• Selection based on ability and fit with our culture and values.
• Your wellbeing, growth and aspirations are every bit as cared for as the needs of our customers.

Find the best version of yourself in a friendly, supportive team. Build lasting value in your community. Help people grow their assets, business, and investments. Take your learning as far as you can. Or simply enjoy a vibrant, future-ready career. Your Opportunity Starts Here.