Unit Head - Shariah Reporting & Special Projects (AVP) - TJ / 1903586

Recruit AI; Karachi Division; On-site; PKR 3,000,000 - 6,000,000; Full time

Job summary

National Bank of Pakistan is seeking a Unit Head - Shariah Reporting & Special Projects (AVP) based in Karachi. You will review Islamic banking products from a Shariah perspective and ensure compliant financial reporting.

You will coordinate with Shariah Board, Internal Audit and External Auditors, manage data and prepare management reports, and support SBP/AAOIFI regulatory requirements. This is a contractual assignment for three years under Bank's policies.

Qualifications

• Minimum graduation or equivalent from a recognized institution.
• Master’s degree and/or certifications preferred.
• Experience in Islamic banking or Shariah related qualifications is advantageous.

Responsibilities

• Review accounting and financial reporting from a Shariah perspective.
• Ensure proper presentation/disclosure of Islamic assets and income.
• Assess Shariah basis of new products and transactions.
• Identify non‑Shariah compliant income and purification actions.
• Act as Finance focal point for Shariah and IFRS requirements.
• Coordinate with Shariah Board, Internal Audit and External Auditors.
• Maintain tracker of Shariah observations and remediation status.
• Prepare responses, reconciliations and supporting documentation.
• Ensure GL mapping and reporting are addressed before launch.
• Develop/update Finance policies related to Shariah compliant reporting.
• Maintain repository of Fatwas and related implications.
• Prepare periodic management reports on Shariah issues and regulatory developments.
• Handle other assignments as required by supervisors.

Skills

Shariah knowledge

IFRS & SBP

AAOIFI standards

Data analytics

Communication skills

Attention to detail

Education

Graduation or equivalent

Master's degree / certifications preferred

Job description

Our client National Bank of Pakistan is looking for a Unit Head - Shariah Reporting & Special Projects (AVP) in Karachi

“The Nation’s Bank”, National Bank of Pakistan aims to support the financial well‑being of the Nation along with enabling sustainable growth and inclusive development through its wide local and international network of branches. Being one of the leading and largest banks of Pakistan, National Bank of Pakistan is contributing significantly towards socioeconomic growth in the country with an objective to transform the institution into a future‑fit, agile and sustainable Bank.

In line with our strategy, the Bank is looking for talented, dedicated and experienced professional(s) for the following position in the area of of Financial Control based at Karachi.

The individuals who fulfill the below basic-eligibility criteria may apply for the following position:

Position / Job Title:

Unit Head - Shariah Reporting & Special Projects (AVP)

Reporting to:

Wing Head - Strategic Finance & Special Projects

Educational /Professional Qualification:

• Minimum Graduation or equivalent from a local or international university / college / institute recognized by the HEC of Pakistan
• Candidates having Master’s degree and / or any other relevant certification(s) will be preferred

Experience:

• Minimum 06 years of Banking experience out of which at least 02 years in Financial reporting function of an Islamic Banking functions

Other Skills / Expertise / Knowledge Required:

• Preferably Islamic Finance and / or Islamic Banking and / or Shariah related qualification
• Strong knowledge of IFRS and SBP regulatory framework
• Working knowledge of AAOIFI standards and Islamic banking contracts
• Ability to interpret Shariah rulings and translate them into accounting/reporting requirements
• Strong data mining and analytical skills with ability to manage large volumes of data and interpret and comment on data movement
• Excellent communication skills
• Detail oriented with high level of accuracy

Outline of Main Duties / Responsibilities:

• To review the accounting and financial reporting treatment of Islamic banking products and transactions from a Shariah compliance perspective
• To ensure appropriate presentation and disclosure of Islamic assets, liabilities, income, expenses, investments and profit sharing arrangements
• To review the Shariah basis and accounting implications of new Islamic products, structures and transactions
• To review and identify non Shariah compliant income / earnings for appropriate accounting treatment, segregation and purification in accordance with the approved Shariah framework
• To act as Finance’s focal person for matters involving Shariah principles and IFRS / accounting requirements
• To support the interpretation and implementation of relevant SBP instructions, AAOIFI standards / guidance, IFRS and other applicable regulatory requirements
• To coordinate with the Shariah Board / Resident Shariah Board, Shariah Compliance, Internal Audit and External Auditors on Finance related Shariah observations
• To maintain a central tracker of Shariah related observations affecting Finance and monitor the status of remediation and corrective actions
• To assist in preparing responses, reconciliations and supporting documentation for Shariah reviews and audits
• To ensure that appropriate accounting treatment, system configuration, GL mapping and reporting requirements are identified and addressed before the launch of new products or transactions
• To assist in developing and updating Finance policies and procedures relating to Shariah compliant financial reporting
• To maintain a repository of approved Shariah rulings / Fatwas and their relevant accounting and financial reporting implications
• To prepare periodic management reports covering Shariah related financial reporting issues, identified exceptions / non compliance, purification amounts, outstanding Shariah observations, status of corrective actions, new products / transactions requiring review, and relevant regulatory developments
• To perform any other assignment as assigned by the Supervisor(s)

Place of Posting:

Karachi

Assessment Interview(s)

Only shortlisted candidates strictly meeting the above-mentioned basic eligibility criteria will be invited for panel interview(s).

Employment Type:

The employment will be on contractual basis for three years which may be renewed on discretion of the Management. Selected candidates will be offered compensation package and other benefits as per Bank’s Policy / rules.

National Bank of Pakistan is an equal opportunity employer and welcomes applications from all qualified individuals, regardless of gender, religion, or disability.