National Bank Of Kenya – Manager, Sharia Compliance & Audit.

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Number of Openings: 1

Position Summary and Key Responsibilities:

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

Click to Apply

Closure Date: Dec 25, 2020

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National Bank Of Kenya (NBK)

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