Head, Shariah Compliance CoE

RHB Banking Group; Kuala Lumpur; On-site; MYR 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Shariah Compliance Leader to drive compliance initiatives within their Shariah business. This role involves overseeing compliance with regulatory requirements, managing talent development, and fostering a culture of compliance across the organization. The ideal candidate will possess deep expertise in Shariah compliance and a strong background in governance and regulatory frameworks. Join a forward-thinking organization that values professional growth and offers the opportunity to make a significant impact in the financial sector.

Qualifications

• Expertise in Shariah compliance and regulatory requirements.
• Experience in managing talent development and compliance programs.

Responsibilities

• Lead the Shariah Compliance CoE and oversee compliance with regulations.
• Implement Shariah compliance initiatives and foster a compliance culture.

Skills

Shariah Compliance

Regulatory Requirements

Talent Management

Governance

Education

Bachelor's Degree in Finance or Law

Certification in Shariah Compliance

Job description

Responsible for setting and promoting effective Shariah Compliance requirements for Shariah business to ensure it meets and exceeds Shariah principles.

Strategic

• Lead the Shariah Compliance CoE in overseeing Shariah compliance with relevant regulatory requirements.
• Drive and implement the vision, strategy, and compliance plan within the Group Compliance Framework.
• Promote and advance the Shariah compliance culture across the Group’s Shariah Business.
• Strategize and plan all activities for the Shariah Compliance CoE.
• Foster fair, responsible, and professional conduct in the Group’s Shariah business.
• Maintain effective relationships with regulators such as BNM, SC, Bursa Malaysia.

Operations

• Strengthen the implementation of Shariah compliance initiatives to foster a compliance culture within Shariah businesses of the RHB Group.
• Implement effective compliance programs for governance, advisory, and support within the Shariah Compliance CoE.
• Report on the compliance efforts of the Group’s Shariah business and provide guidance on compliance matters.
• Serve as a reference point for internal and external parties on Shariah compliance matters.
• Support other compliance functions within Group Compliance on Shariah business compliance issues to achieve overall Group compliance objectives.

Talent Management

• Manage talent development and succession planning for the Shariah Compliance CoE.
• Monitor and facilitate regular training for employees on Shariah compliance, including policies, procedures, standards, guidelines, laws, and regulations.
• Develop initiatives to promote professional growth among CoE staff, including certified and professional training, seminars, and advisory support.

Subject Matter Expertise

• Provide expertise and guidance in Shariah compliance matters.
• Partner with Circle Leads on key decisions.
• Support best practice sharing across teams.

Coaching and Support

• Empower teams to work iteratively and self-manage, removing obstacles as needed.
• Work with Circle Leads to ensure team performance.
• Prevent siloed work environments.
• Support career and skill development of CoE members.

Resource Management

• Conduct reviews and evaluations of CoE members.
• Coordinate and lead training for CoE staff.
• Manage staffing of CoE members.

Asset Ownership & Air Traffic Control

• Ensure the health and integrity of assets impacted by multiple squads.
• Prevent collisions and anticipate roadblocks between circles.