banking jobs in UAE | Commercial Bank International careers
Commercial Bank International announced, through its Linkedin account, a bank job in UAE (Manager Internal Shariah Audit - Emirati Talent) according to the following:
- Development of Internal Shariah audit, manual and to undertake review and update of the manual on regular basis,
- Prepare annual Shariah audit plan, which must be approved by ISSC in coordination with the audit committee, while upholding the best practices in this process (e.g. Risk based Shariah Audit),
- Assessment of business and activities and access effectiveness of internal Shariah supervision to ensure compliance with Islamic Shariah,
- Ensure products, service forms, contracts, agreements, activities and transactions execution procedures and other related matters are approved by ISSC.
- Ensure CBI Al Islami branches, internal and external department complying with Islamic Shariah and regular field audit to be conducted to ensure compliance.
- Prepare Internal audit forms and programs required for conducting inspection and execution of transactions in light of the ISSC’s fatwas and HSA resolutions.
- Conducting meeting with departments on Shariah observations and putting in place appropriate measures to prevent reoccurring.
- Prepare a report of outcomes of the Internal Shariah audit
- Support risk assessment on a regular basis to ensure that changes in the risk profiles are identified in a timely manner.
- Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct. This includes understanding and ensuring compliance with all applicable laws, regulations, guidelines, and the Group Code of Conduct.
- Plan and organize reviews and agree terms of reference to ensure they are carried out effectively, within the timescales allocated, keeping senior management informed of progress and findings.
- Reliably able to exercise judgement over the materiality of issues and ratings of audits.
- Present Audit reports to the Internal Shariah Supervisory Committee (ISSC), CEO, Senior Management (first and second line) on the audit findings raised in reviews, together with recommendations for improvements.
- Review proposed actions from Senior Management and present these to the ISSC for review, discussion and finalization.
- Oversee the finalized actions taken so that outstanding issues identified during reviews are followed up and resolved to ensure that risks are effectively managed in accordance with all relevant policies and regulations.
- Assess compliance with the Bank's policies and procedures and guidelines together with relevant regulatory and statutory requirements where appropriate implementing actions to protect the Bank's business at all times.
- Degree in Islamic Shariah or relevant specialization
- Professional certificate in Shariah and Islamic Banking Audit from one of the organizations that support Islamic finance like AAOIFI and CIBAFI.
- Have a minimum experience of 5years in the field of Shariah audit.
- Strong command of English and reasonable Arabic.
To know more details about the vacancy and how to apply kindly check the link below:
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