Senior Executive - HLISB-Shariah (Shariah Review)

Hong Leong Islamic Bank Berhad; Malaysia; On-site; MYR 120,000 - 180,000; Full time

Job summary

Hong Leong Bank in Malaysia seeks a Shariah Review professional to conduct periodic and thematic reviews according to the approved plan, assessing activities against Shariah and regulatory requirements, and reporting findings to management and the Shariah Committee.

The role emphasizes independence, stakeholder collaboration, and ongoing enhancement of review methodology within a digitally driven banking environment.

Responsibilities

• Conduct 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.
• Assess business activities, products, services, transactions, operational processes and controls against applicable Shariah requirements, regulatory requirements, Shariah Committee rulings and approved internal policies and procedures.
• Perform 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.
• Develop clear, evidence‑based review observations and recommendations, communicate findings to relevant stakeholders and prepare Shariah Review reports and management/committee updates.
• Monitor and validate corrective and preventive actions arising from Shariah Review findings and SNC events to ensure identified gaps are appropriately addressed within agreed timelines.
• Keep 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.
• Support the maintenance and analysis of Shariah compliance/SNC data, dashboards, risk indicators and trend analysis to identify emerging or recurring areas of Shariah risk.
• Contribute to the continuous enhancement of Shariah Review methodology, checklists, assessment tools, procedures, data and technology‑enabled review processes.
• Work 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.
• Support Shariah compliance awareness, knowledge‑sharing and training initiatives by communicating key review observations, recurring issues and lessons learned, where appropriate.

Job description

Shariah Review Planning & Execution

Conduct 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 Assessment

Assess 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 Assessment

Perform 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 & Reporting

Develop clear, evidence‑based review observations and recommendations, communicate findings to relevant stakeholders and prepare Shariah Review reports and management/committee updates.

Corrective Action Monitoring

Monitor 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 Requirements

Keep 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 & Analytics

Support 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 Enhancement

Contribute to the continuous enhancement of Shariah Review methodology, checklists, assessment tools, procedures, data and technology‑enabled review processes.

Stakeholder Engagement

Work 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 Sharing

Support Shariah compliance awareness, knowledge‑sharing and training initiatives by communicating key review observations, recurring issues and lessons learned, where appropriate.

About Hong Leong Bank

We 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. Hong Leong Bank (“HLB”) stands proudly as a leading financial services institution based in Malaysia, providing a wide range of comprehensive and innovative financial solutions across the region. These services are delivered through both digital and traditional means, via online and mobile banking, as well as our digital branch concept to provide customers with an efficient and seamless experience aided by technology. As the service and financial landscape changes rapidly with the ever‑increasing use of technology, staying attuned to customers needs and desires becomes even more critical to HLB’s operations. To stay ahead of these dynamic changes, the Bank has adopted the approach of reimagining banking by embedding digital considerations and customer centricity in every aspect of our operations, from products and services as well as customer care and engagement. HLB’s ethos of being Digital‑At‑The‑Core powered by customers‑at‑the‑forefront will continue to lead us to innovate offerings in line with our aspiration of being a highly digital and innovative financial services organization.