Manager - Shariah Compliance, Risk & Advisory

Manulife Insurance Berhad; Kuala Lumpur; Hybrid; MYR 180,000 - 300,000; Full time

Job summary

Manulife invites an experienced Shariah professional to strengthen governance, risk management, and compliance oversight across Takaful products and operations. You will collaborate with business, risk, and governance functions to ensure adherence to Shariah principles and regulatory expectations.

The role offers exposure to Board interactions, strategic initiatives, and opportunities to engage with regional and global stakeholders on Shariah and Takaful matters, in a hybrid work environment

Qualifications

• Minimum 5 years of relevant Shariah experience.
• Experience with Shariah advisors or Shariah boards is a plus.
• Familiarity with Wakalah, Mudharabah, Tabarru’ concepts is preferred.

Responsibilities

• Lead and perform Shariah compliance reviews on Takaful products and processes.
• Identify, assess, monitor, and mitigate Shariah non-compliance risks.
• Provide day-to-day Shariah advisory support across operations and product matters.
• Prepare papers and recommendations for management and the Shariah Advisor.
• Support Shariah governance updates for Management and Board and collaborate regionally.

Skills

Shariah research

Shariah advisory

Shariah compliance review

Shariah risk management

Education

Bachelor’s or Master’s degree in Shariah Law / Islamic Finance

Job description

Join Manulife’s growing Takaful business and play a key role in strengthening Shariah governance, risk management, and compliance oversight. This is a unique opportunity to work across business, risk, compliance, and governance functions to ensure that Takaful products and operations are conducted in accordance with Shariah principles and regulatory expectations. The successful candidate will contribute to the sustainable growth of the Takaful business through practical advisory support, robust governance frameworks, and effective stakeholder engagement. In return, you will gain exposure to strategic business initiatives, Board and management interactions, and opportunities to collaborate with regional and global stakeholders on Shariah and Takaful-related matters.

Position Responsibilities

• Lead and perform Shariah compliance reviews on Takaful products, operational processes, customer documentation, contracts, and business initiatives.
• Support the identification, assessment, monitoring, and mitigation of Shariah non-compliance risks across the Takaful business.
• Provide day-to-day Shariah advisory support to business and control functions on operational, product, legal, investment, distribution, and customer-related matters.
• Conduct Shariah research, prepare papers and recommendations for management and the Shariah Advisor, and support Shariah governance activities.
• Support the preparation of Shariah-related updates and reports for Management, Board, and governance forums, and collaborate with regional and global stakeholders on Shariah risk and compliance matters where required.

Required Qualifications

• Minimum 5 years of relevant experience in Shariah research, Shariah advisory, Shariah compliance review, Shariah risk management, Takaful or Islamic finance.
• Experience in Takaful, Islamic banking, Islamic capital markets, Shariah governance, compliance, risk management or regulatory advisory would be preferred.
• Experience working with Shariah Advisors, Shariah Committees or Shariah Supervisory Boards would be an added advantage.
• Experience in preparing Shariah papers, issue papers, compliance review reports, risk reports, management updates or Board-level materials would be an added advantage.

Preferred Qualifications

• Bachelor’s or Master’s degree in Shariah Law, Usul al-Fiqh, Islamic Finance, or related field.
• Professional certification in Islamic finance, Takaful, Shariah advisory, risk management or compliance would be an added advantage.
• Familiarity with Wakalah, Mudharabah, Tabarru’, Qard, surplus management, investment screening and other Takaful-related concepts.

When you join our team

• We’ll empower you to learn and grow the career you want.
• We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words.
• As part of our global team, we’ll support you in shaping the future you want to see.

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit https://www.manulife.com/en/about/our-story.html.

Manulife is an Equal Opportunity Employer

At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact @manulife.com .

Working Arrangement

Hybrid