banking jobs in UAE | Commercial Bank of Dubai careers

 banking jobs in UAE | Commercial Bank of Dubai careers

Commercial Bank of Dubai announced, through its Linkedin account, a bank job in UAE (Manager, Sharia Compliance) according to the following:

• Job is a regulatory position to supervise the continuous monitoring of CBD Islami businesses and activities’ compliance as per the Sharia Compliance guidelines issued by the HSA, CBUAE.
• Development of Annual Plan which shall be approved by the ISSC and the Board.
• Planning and Scoping of the Review: This involves collecting data from the business functions under examination to develop the scope, objectives, and methodology of the review. 
• For the purpose of planning and scoping, understand the regulatory requirements, the resolutions of the ISSC, the Sharia Non-Compliance risks, compliance obligations, processes, policies and procedures.
• Conduct field reviews and opening meetings with stakeholder to create awareness on Sharia compliance and Sharia Non-compliance risks.
• Develop internal checklists for undertaking an adequate and effective review of the subject matter. 
• Be able ascertain mapping all requirements and expectations of the regulatory requirements and the ISSC resolutions.
• Prepare, plan and conduct a walkthrough test to gauge the reliability of internal procedures, manuals and policies. 
• The walkthrough should be accompanied by an assessment of the controls, their adequacy and effectiveness.
• Assess internal controls related to Sharia Non-Compliance Risk (SNC) to ascertain the adequacy of the control design, operational reliability, probability of avoiding or circumventing the control, and comprehensiveness of the existing controls.
• Assess the staff awareness in relation to knowledge and skill required to fulfill their job adequately. 
• Determine the type of knowledge needed for performing role in Islamic window depending on the nature of their responsibilities.
• Analyze and identify the root causes for findings/incidents, while assessing the existence of reliable and efficient controls to prevent the incidents from occurring, clarity and completeness of internal policies requirements as well as accessibility, and staff conduct and adherence to established policies.
• Prepare a report of preliminary issues to the relevant parties as well as a final report with adequacy of control status and management action, executive summary of the scope and methodology, and details of issues and actions. 
• Present the final report after completion to the ISSC for assessment and approval for further dissemination.
• Works closely with the bank’s Compliance team, risk management team, Internal Sharia Control team, the Head of Islamic banking, and Internal Sharia Supervisory Committee (ISSC).
• Minimum 6 years’ experience in a Sharia Department of an IFI in a relevant role
• University Degree in either economics, accounting, banking or finance, with knowledge in Sharia and law
• Professional certification in Sharia and Islamic banking control such as (AAOIFI) or (CIBAFI).
• Strong command of English and reasonable command of Arabic
• Excellent communication skills
• Very strong problem-solving skills (i.e. both conceptual and analytical)
• Ability to independently manage multiple work streams.

To know more details about the vacancy and how to apply kindly check the link below:

apply from here

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