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Islamic Finance Specialist

Islamic Development Bank

Posted on February 11, 2019

5 - 6 years Jeddah - Saudi Arabia

Bachelor of Commerce(Commerce). Any Nationality

Opening 01

Job Description

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Role Purpose:
To develop and structure innovative Islamic Financial products to meet the needs of Islamic Financial industry in the Mcs and non MCs; conducting advanced analysis perform necessary simulation and modelling. The role also requires to:
• Conduct market analysis- including identifying gaps in Islamic financial products and services, product development and related processes in the industry.
• Develop and structure innovative Islamic financial products to meet the needs of Islamic Financial industry.
• Develop sharia compliance framework for the new product
Key Accountabilities (not exhaustive list):
Operational Planning
• Provide input in development of annual plan and budget allocation for the division/ department.
Product Development
• Undertake surveys of the Islamic financial industry and conventional financing as part of the development process of new IFPs and instruments.
• Assess the existing IFPs and instruments used in the Islamic Finance Industry for their continuous performance monitoring and improvement.
• Develop new IFPs such as new types of Sukuks, for Member Countries, Islamic financial institutions, and other private sector entities, structured finance, liquidity management, hedging, etc.
• Conduct post-implementation assessments of new IFPs developed by the Islamic Finance Product Development Unit by the industry participants
• Collaborate with the IDB s internal product development team in the Financial Policies, Planning and Analytics team for their development of new funding and financing products for IDB.
Promotion
• Contribute to policy dialogue in coordination with member countries for development of the Islamic Finance, promoting intra-regional Islamic financial integration in coordination of the concerned departments.
• Contribute to training programs on Islamic Economics, Banking and Finance.
Knowledge sharing & Innovation
• Contribute to promoting the role and efforts of the Islamic Infrastructure institutions for overall development of Islamic Finance.
• Provide advice and technical services to peers and colleagues, divisions and departments in Islamic Finance related issues.
JOB REQUIREMENTS:
Academic qualifications
• Bachelor s degree in Finance/Islamic Finance/Sharia or related field.
Required languages
• English (mandatory)
• French (preferred)
• Arabic (preferred)
Minimum number of years and nature of experience
7 years of experience in Islamic finance advisory/product development, 3 of which should be in a multilateral development bank.
OR
5+ years of experience in Islamic Finance Services 3 of which should be in a multilateral development bank.
Job specific competencies
• Advance Islamic finance Advisory and Technical Assistance/product development/ knowledge.
• Advanced Islamic Finance/product development/Sharia knowledge.
Location:
Jeddah, Head Office
Travel requirements:
20% or more depending on requirements


Banking / Financial Services / Broking

Finance / Treasury

Keywords

Islamic Finance Specialist

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Islamic Development Bank


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