Shariah Compliance & Risk Manager (Takaful)

Manulife Financial; Kuala Lumpur; Hybrid; MYR 180,000 - 260,000; Full time

Benefits offered by this job

Hybrid work arrangement

Job summary

Manulife Financial Corporation seeks a seasoned Shariah governance professional to strengthen Shariah oversight across Takaful products and operations. You will engage with risk, governance and regional/global stakeholders to ensure Shariah-aligned practices and regulatory compliance.

The role involves advisory support, governance framework development and collaboration with Shariah Advisors and Boards, with exposure to strategic initiatives and management interactions.

Qualifications

• Minimum 5 years of relevant experience in Shariah research, advisory, compliance review, risk management in Takaful or Islamic finance.
• Experience with Shariah Advisors, Shariah Committees or Shariah Supervisory Boards is a plus.
• Experience preparing Shariah papers, issue papers, reports for management or Board-level materials would be an added advantage.
• Familiarity with Wakalah, Mudharabah, Tabarru’, Qard and investment screening is beneficial.

Responsibilities

• Lead and perform Shariah compliance reviews on Takaful products, processes, contracts and initiatives.
• Identify, assess, monitor and mitigate Shariah non-compliance risks across the Takaful business.
• Provide day-to-day Shariah advisory support to business and control functions on governance-related matters.
• Conduct Shariah research, prepare papers and recommendations for management and the Shariah Advisor.
• Prepare Shariah-related updates and reports for Management, Board and governance forums.

Skills

Shariah research

Shariah advisory

Shariah compliance review

Shariah risk management

Takaful / Islamic finance

Education

Bachelor’s or Master’s degree in Shariah Law, Usul al-Fiqh, Islamic Finance

Job description

Manulife Financial Corporation seeks a seasoned Shariah governance professional to strengthen Shariah oversight across Takaful products and operations. You will engage with risk, governance and regional/global stakeholders to ensure Shariah-aligned practices and regulatory compliance.

The role involves advisory support, governance framework development and collaboration with Shariah Advisors and Boards, with exposure to strategic initiatives and management interactions.