Manager, Shariah Risk

Elevate Your Banking Career with us! Be part of a team that is driving sustainable development and making a positive impact on Malaysia's future. Job Summary Shariah risk management (SRM) is a function that systematically identifies, measures, monitors, and reports Shariah non-compliance (SNC) risks in BPMB Group’s operations, business, affairs, and activities. Job Description Key Responsibilities Policy and Framework Development:

1. Facilitate the implementation of Operational Risk Management frameworks within the BPMB Group.
2. Develop, review, and enhance Shariah Risk Management (SRM)-related guidelines, policies, and procedures to ensure robust risk management practices.

Risk Monitoring and Reporting:

1. Gather, analyze, validate, and maintain Shariah Non-Compliance (SNC) data from Business and Support Functions, including Key Risk Indicators (KRI), Risk & Control Self-Assessment (RCSA), and SNC event reporting.
2. Identify and assess SNC risks in new and enhanced products, processes, and systems, recommending appropriate controls and mitigations.
3. Prepare comprehensive reports on the Group’s risk exposure, including mitigation measures, for Management and the Shariah Committee.

Advisory and Compliance:

1. Provide advisory support to Business and Support Functions on Shariah Risk Management matters.
2. Ensure SRM implementation complies with all regulatory requirements and internal standards.
3. Coordinate and monitor the execution of mitigation measures and action plans approved by Management.

Training and Awareness:

1. Develop awareness programs to educate staff on SRM, operational risk tools, and methodologies.
2. Conduct training sessions to promote a strong risk culture and enhance Shariah knowledge within the organization.

Continuous Improvement:

1. Regularly review and improve existing operating procedures, internal controls, and SRM initiatives.
2. Provide feedback and recommendations on product proposals, process enhancements, and system implementations from a Shariah Risk perspective.

Job Requirements Educational Background:

1. Bachelor’s Degree in Finance, Islamic Finance, Islamic Banking, Shariah Law, or a related discipline from a recognized university.

Work Experience:

1. Minimum 10 years of relevant experience, preferably in banking operations and risk management.

Skills and Competencies:

1. Strong analytical, interpersonal, and communication skills.
2. Excellent verbal and written proficiency in English and Bahasa Melayu.
3. Self-motivated and capable of working independently.
4. Proficiency in developing and delivering impactful presentations.

Additional Requirements:

1. Knowledge of Islamic banking practices and regulations.
2. Commitment to attending relevant training programs and certifications to strengthen SRM expertise.

Requirement Manager, Shariah Risk (Open) Don't miss out on this opportunity, let's CREATE your journey to excellence with us!

About Us

Since 1973, Bank Pembangunan has made a mark as one of Malaysia's first and leading Development Financial Institutions (DFIs), supporting national growth. We're known for innovative solutions that benefit both people and the country. Today, we continue to adapt to Malaysia's changing economy, providing financial services and supporting important national projects. With our focus on progress and impact, Bank Pembangunan remains committed to driving inclusive growth for Malaysia. #J-18808-Ljbffr