AVP- Shariah (Emiratized)

JOB PURPOSE :

To support Head of Shariah Compliance in managing endtoend Shariah compliancerelated matters for FABs Islamic banking activities within the bank and conducting Shariah compliance initiatives and functions are effective in ensuring that the activities and operations carried out by FAB do not contravene with Resolutions of Internal Shariah Supervision Committee (ISSC) Higher Shariah Authority (HSA) Central Bank of UAE Internal Shariah Supervision Committee and all other related laws rules and regulations relating to Islamic banking.

To provide Shariah compliance advice and support to Islamic banking business line and other related enablement functions to ensure Shariah compliance with the rules regulations and best practice. This role is a global role and jobholder will also be responsible for overseeing Shariah Compliance programs for all Islamic banking activities in the international locations where FAB is present under supervision of Head of Shariah Compliance.

This is one of the functions required by Standards on Shariah Governance and Shariah Compliance Functions issue by CBUAE.

KEY ACCOUNTABILITIES :

Job Specific Accountabilities

The role assumes responsibility of assisting Head of Shariah Compliance for monitoring compliance of the Banks Islamic banking businesses and activities with resolutions fatwas regulations standards which are issued by ISSC HAS and other relevant authorities in local and international locations where the Bank conducts its Islamic banking operations.

Under supervision of Head of Shariah Compliance the role shall assume the following responsibilities :

• Assist Head of Shariah Compliance in creation implementation and monitoring of Shariah Compliance initiatives and functions for FAB that properly address Shariah compliance needs and requirements in line with Resolutions of Internal Shariah Supervision Committee (ISSC) Higher Shariah Authority (HSA) Central Bank of UAE Internal Shariah Supervision Committee and all other related laws rules and regulations relating to Islamic banking.
• Conduct periodical Shariah compliance review and assessment or review exercise on the Banks Islamic banking activities and operations and prepare Shariah Compliance reports from time to time.
• Effective monitoring of implementation of all Shariah regulations issued by HSA which includes among others conduct of gap analysis exercises on the applicable Islamic banking activities and operations of the Bank based on the applicable Shariah regulations.
• Establishment and implementation of Shariah compliance related framework policies or procedures.
• Effective support and advice to respective business support and control functions with regards to Shariah compliance requirements including resolutions and fatwas issued by ISSC and HSA.
• Preparation and submission of Shariah reports and updates to the relevant stakeholders e.g. ISSC BRESGC GCEO HAS and CBUAE as applicable.
• Effective communications or dealings with HSA and CBUAE with regards to Shariah compliance matters.

Effective management of Shariah noncompliance issues including identification measurement rectification and monitoring of Shariah noncompliance incident(s).

Build and maintain productive relationships with the relevant control support and business partners to ensure effective implementation of Shariah compliance requirements in all Islamic banking activities and operations locally and internationally.

LISD1

Qualifications :

Minimum Qualification

Minimum Experience

Remote Work : Employment Type :

Fulltime

J-18808-Ljbffr