Manager of Sharia Internal Audit and Compliance

Client of Worldwide Recruitment Solutions

Job Purpose:

To lead and oversee the internal Sharia compliance and audit functions of the bank, ensuring that all operations, products, and services comply with Islamic Sharia principles and regulatory requirements. The role involves planning, executing, and reporting on Sharia audits and providing expert guidance to management on Sharia-related matters.

Key Responsibilities:

• Develop and implement the internal Sharia audit plan in coordination with the Sharia Supervisory Board.
• Conduct regular audits and reviews of banking operations, products, and contracts to ensure Sharia compliance.
• Identify and report any non-compliance issues and recommend corrective actions.
• Collaborate with relevant departments to ensure Sharia-compliant product development and implementation.
• Prepare and present audit findings and reports to senior management and the Sharia Supervisory Board.
• Maintain up-to-date knowledge of Islamic finance principles, regulatory requirements, and industry best practices.
• Provide training and awareness sessions on Sharia compliance to relevant staff.
• Liaise with external auditors and regulatory bodies as required.