Job Description

Roles & Responsibilities

JOB PURPOSE

To provide advanced level technical and professional expertise in the development of the Islamic Finance industry, products and services, and improvement in the overall industry's enabling environment. To act as a subject matter expert in Islamic Finance, regulatory frameworks, governance and compliance issues as well as providing advisory, research and to disseminate knowledge and expertise via training and conducting sessions in conferences and seminars. To contribute to the development and structuring of the regulatory and legal framework to meet the needs of the Islamic Financial industry in the Member Countries and non-Member Countries. To conduct market analysis, including identifying gaps in the Islamic financial products and services, product development and related processes, and overall enabling environment for the industry, and offering viable solutions to fill-in those gaps. Enabling the environment via helping member countries to establish different organs, institutions that are pivotal for the development of the Islamic financial service industry.

KEY ACCOUNTABILITIES

Operational Planning:

• Provide inputs in the development of annual work plans and budget allocation for the division.

• Provide expert level inputs in the development of strategic objectives and annual business plan for the Islamic Finance Advisory & Technical Assistance Unit.

• Monitoring and oversees various projects to ensure the execution of the Technical Assistance in proper ways and to find ways to minimize the risks for the Bank.

Product Development:

• Undertake technical assistance studies of the beneficiary's market to assess products and services being offered in the Islamic Financial Industry as well as the Conventional Financing Industry in order to develop strategies and processes for the new Islamic Financial products and services.

• Assess the existing IFPs and instruments offered in the Islamic Finance Industry for their sustained performance and to suggest improvements, if required.

KEY ACCOUNTABILITIES

Advisory Services and Analytics:

• Participate and represent IsDB in international working groups and task forces on emerging technical issues in Islamic Finance and contribute technical inputs for IsDB's engagement with International Organisations, including analyzing reports, standards and technical notes, and formulating recommendations.

• Provide advisory services, capacity building and sound technical assistance to member and non-member countries, Islamic finance infrastructure institutions and other public and private institutions.

• Participate in IsDB MCPS and other Country Assessment and Implementation initiatives by contributing to Technical Notes and Policy Documents on areas related to Islamic Finance.

• Analyse international practices and emerging literature on specific issues related to the Islamic financial sector and contribute technical analysis to reports and publications.

• Deliver capacity building programs for beneficiaries through advisory and analytical presentations on emerging issues and other technical areas in Islamic Finance in diverse contexts (including for workshops, seminars, online, and for Islamic finance capacity building and awareness activities) based on needs of the beneficiary.

Promotion:

• In coordination with the concerned departments within IsDB, contribute to policy dialogues with the Member Countries for the development of Islamic Finance and promoting intra-regional Islamic financial integration.

• Support in the development of Islamic banking, Islamic capital markets, Islamic insurance (takaful), Islamic microfinance, Islamic social finance and undertake activities (in co-ordination with IsDB's Member Countries and other stakeholders) required to create an enabling environment for the development of these sectors.

ACADEMIC AND PROFESSIONAL QUALIFICATIONS

• Bachelor's degree in a suitable field related to Economics, Finance, Business, Statistics and/or Law.

• Minimum 8 years of experience in Islamic financial sector development of which 3 years should be in a multilateral development bank and/or related international organizations (e.g. IMF, IFSB, AAOIFI, etc.).

• Languages: English: Mandatory | Arabic: Preferred | French: Preferred.

SKILLS & NECESSARY KNOWLEDGE

• Advanced knowledge in Islamic Finance, product development and Shari'ah knowledge.

• Advanced understanding of Islamic financial market infrastructure and prerequisites for enabling environment.

• Proficient Knowledge of Research Methodology.

• Effective Project management skills

• Ability to work independently in a high-performance team atmosphere.

• Accurate and methodical.

• Ability to work under pressure.

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