Senior Executive - HLISB-Shariah (Shariah Review)

Hong Leong Bank; Kuala Lumpur; On-site; MYR 70,000 - 120,000; Full time

Job summary

Hong Leong Bank in Malaysia seeks a dedicated professional for Shariah Review Planning & Execution to conduct periodic and thematic Shariah reviews, assess risk, and document findings. You will engage with business units and compliance teams, ensuring adherence to regulatory and internal Shariah standards.

The role emphasizes rigorous testing, evidence-based observations, and timely escalation where needed, supporting continuous improvement of review methods.

Responsibilities

• Conduct periodic and thematic Shariah reviews in accordance with the approved Shariah Review Plan, including scoping, risk assessment, walkthroughs, sampling and testing.
• Document and report review results with clear observations and recommendations.
• Monitor corrective actions arising from Shariah review findings and SNC events within agreed timelines.
• Stay updated on regulatory and Shariah requirements and assess implications on review coverage and methodology.
• Support data analytics, dashboards and trend analysis to identify emerging Shariah risk areas.
• Collaborate with Business Units, Compliance, Risk and Internal Audit while maintaining independence.
• Contribute to improving Shariah review processes, tools and checklists.

Job description

If you are looking to excel and make a difference, take a closer look at us…Shariah Review Planning & ExecutionConduct 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 AssessmentAssess 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 AssessmentPerform 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 & ReportingDevelop clear, evidence-based review observations and recommendations, communicate findings to relevant stakeholders and prepare Shariah Review reports and management/committee updates.Corrective Action MonitoringMonitor 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 RequirementsKeep 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 & AnalyticsSupport 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 EnhancementContribute to the continuous enhancement of Shariah Review methodology, checklists, assessment tools, procedures, data and technology-enabled review processes.Stakeholder EngagementWork 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 SharingSupport Shariah compliance awareness, knowledge-sharing and training initiatives by communicating key review observations, recurring issues and lessons learned, where appropriate.About Hong Leong BankWe 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.Realise your full potential at Hong Leong Bank by applying now.