National Bank Manager, Sharia Compliance & Audit Jobs in Kenya

National Bank Manager, Sharia Compliance & Audit Jobs in Kenya


Position Scope

  • This position is responsible for ensuring that all the transactions, activities, services and investments within Islamic Banking adhere to Shari’ah principles and guidelines.

  • In addition, he/she will also be responsible for carrying out reviews & audits for assurance and enhance compliance with the set Shari’ah principles and guidelines as per the Bank’s and Shari’ah supervisory Board’s guidelines.

    Key Responsibilities

  • Implement the relevant Islamic Banking initiatives in line with the Islamic Banking strategy.

  • Review and examine all contracts, agreements, policies and transactions entered in to by the department, both deposit taking and financing (loan) instruments.

  • Maintain the calendar, documentation and other relevant documents in line with the role.

  • Perform research on Shari’ah aspects for each product before it’s presentation to the Shari’ah Supervisory Board for decision making.

  • Carry out periodical audits on all financing instruments done by the division.

  • Responsible for addressing Shari’ah related issues from the management, staff and clients to ensure adherence to the Shar’iah Principles and Guidelines.

  • Coordination and facilitation between the Bank and Shari’ah Supervisory Board and documentation thereof.

  • Facilitate and provide formal and informal training to the Bank’s staff on Islamic Finance.

  • Offer guidance to the staff and clients on Islamic financing instruments and related guidelines.

  • Identify relevant Shari’ah contracts and ensure compliance pre letter of offer and after disbursement.

  • Settle minor Shari’ah disputes/MIS issues that are instrument related between Islamic Banking stakeholders.

  • Provide feedback to Management on Islamic Banking market analysis with regards to products, credit risk evaluation and customer feedback among others.

  • Support in formulation of Islamic Banking product papers.

  • In liaison with other stakeholders, ensure effective identification of risks and mitigations.

  • Adhere to Bank Policies, Procedures, guidelines, relevant regulations within the course of duty

  • Regularly monitor performing/non performing accounts and provide the relevant support.

  • Any other duty that may be assigned.

    Position Requirements

    Qualifications, Experience, Skills & Personal
    Attributes:


  • A University Degree in Islamic Shariah (Jurisprudence)/ Islamic Studies/Business Administration, Economics, Finance, Banking or its equivalent from a recognized institution.


  • Professional Qualification in Islamic Shariah (Jurisprudence)/ Islamic Studies is an added advantage

  • Professional Qualification in Credit Management is an added advantage

  • Three (3) year’s banking experience in a similar role from a reputable organization.

  • Knowledge of Auditing and Accounting Organization of Islamic Financial Institutions (AAOIFI) Shari’ah Standards

  • Experience and understanding of Audit Strategy Formulation, Risk Based Auditing, Public internal audit, Management Audits requirements

  • Risk Management-experience in identifying departmental risks, developing mitigating measures and monitoring mechanisms

  • Analytical –highly analytical and ability to challenge status quo based on quantitative facts and impacts

  • Independence and objectivity-ability to maintain independence and objective opinion for the benefit of the Bank and not for the benefit of individuals

  • Decision making–ability to make decisions in a timely and effective manner and to advise department on major implications and critical decisions required

  • Excellent research, analytical, and problem-solving skills.

  • Entrepreneurial and Commercial thinking

  • Strong persuasion, presentation and communication skills

  • Excellent stakeholder management and organisational skills

  • Governance – knowledge and ability to ensure good governance practices

  • Creative approach, ability to anticipate challenges and provide innovative solutions

  • Agility and ability to drive change

  • Credit analysis skills and ability to develop credit reports

  • Negotiation & Exceptional customer service skills

  • Relationship management skills

    How to Apply

    For more information and job application details, see; National Bank Manager, Sharia Compliance & Audit Jobs in Kenya

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