Manager - ALM Islamic

The Islamic ALM Manager will be responsible for managing the organization's asset and liability portfolio to ensure optimal financial performance while adhering to Sharia principles. The role involves analyzing financial data, developing strategies to manage risks, and ensuring compliance with regulatory requirements and Islamic finance guidelines.Key Responsibilities: Asset and Liability Management: Develop and implement strategies for managing the organization's assets and liabilities in line with Islamic finance principles.Monitor and analyze the balance sheet to ensure proper alignment of assets and liabilities.Optimize the mix of financing and investment products to achieve financial objectives.Develop and implement strategies to reduce the cost of liabilities and increase profits from assets.Ensure the use of Islamic financial instruments (e.g., Sukuk, Ijarah, Murabaha) to manage liquidity effectively.Identify, assess, and manage all market risks related to profit rates, liquidity, and currency fluctuations.Develop and implement risk mitigation strategies in compliance with Sharia principles.Conduct stress testing and scenario analysis to evaluate the impact of various risk factors affecting the organization’s financial position.Monitor and manage regulatory ratios, ensuring compliance with Islamic financial standards.Compliance and Sharia Advisory: Ensure all financial products and transactions comply with Sharia principles and regulatory requirements.Ensure the Asset and Liability structures have been properly approved by ISSC.Work closely with the ISSC to review and approve new products, transactions, and ALM strategies.Stay updated on changes and developments in Islamic finance regulations and standards (e.g., AAOIFI, IFSB).Financial Analysis and Reporting: Prepare comprehensive financial reports and presentations for senior management and stakeholders.Monitor and calculate all relevant regulatory ratios.Analyze financial performance and provide actionable recommendations for improvement.Monitor market trends, economic conditions, and regulatory developments to inform strategic decision-making.Stakeholder Collaboration: Collaborate with various departments, including finance, risk management, and product development, to align organizational objectives.Build strong relationships with external stakeholders, including regulators, auditors, and Sharia advisors.Actively participate in discussions, consultations, and updates from organizations like AAOIFI and IFSB.Qualifications: Minimum 7 years’ experience in local, regional, or foreign bank treasury.Bachelor’s degree in finance, economics, Islamic finance, or a related field.Other requirements: In-depth knowledge of Islamic finance products and principles.Strong analytical and problem-solving skills.Ability to work independently and as part of a team.Proficiency in financial modeling and risk management tools.Outstanding communication and interpersonal skills.Seniority level Mid-Senior level Employment type Full-time Job function Finance and General Business #J-18808-Ljbffr