Senior Manager Sharia Advisory & Control

Full time at Commercial Bank of Dubai in UAE

Posted on January 8, 2025

Job details

Senior Manager Sharia Advisory & Control

Operating in the UAE for over 50 years, CBD manages the financial requirements of some of the largest corporates and businesses operating in the country, driving the UAE economy. Over the years, CBD has transformed into a progressive and modern banking institution winning multiple awards for its digital initiatives, credit cards, bank accounts, mobile app features and services. CBD has been recognized as the number one bank in the UAE on the Forbes list of The World's Best Banks 2022. As we continue to build upon our successes, we are looking for ambitious individuals who are passionate about the banking and finance industry and the markets in which CBD operates. Just as important to us is your ability to demonstrate a talent for dealing with people - your colleagues and our customers - and delivering service that really goes the extra mile. Job Purpose Manages all matters relating to ISSC meetings, affairs and provides consultation based on the ISSC's fatwas and resolutions to various business units within the bank. Sharia Control Shall assume the following functions: ISSC Secretariat

Preparing, and organizing meetings of the ISSC
Preparing and drafting the minutes of the meetings
Communicating ISSC resolutions to the internal Sharia control division, internal Sharia audit division in addition to other divisions within CBD
Following up with resolution implementation as per the follow-up list required by ISSC
Filing fatwas and resolutions
Follow-up administrative matters related to ISSC Sharia Consultations

Sharia Consultations

Provides consultation based on the ISSC's fatwas and resolutions regarding:
Contracts and documents and other aspects related to the financial products and services, including products manual, policies, internal procedures
Sharia related inquiries and issues
Promotional/Advertising materials and publications
Customers complaints (related to the compliance with Islamic Sharia)
Other Sharia issues faced by CBD especially the ones related to structuring and Products

Sharia Compliance

As a team member of ISCD, needs to continuously monitor compliance of businesses and activities with resolutions, fatwas, regulations, standards, which are issued by the HSA

Operational Efficiency

Overseen the activities of the profit calculation and distribution system i.e. system parameters, accruals, profit calculations and distribution
Co-ordinate with Finance to set up chart of accounts and new general ledgers to ensure compliance with regulations and proper segregation of Islamic and conventional GLs.
Reviewed repayment calculations for complex Islamic transactions on an ad-hoc basis.

Requirements: Qualifications

University degree in Islamic Sharia or relevant specializations
Have a professional certificate in Sharia and Islamic Banking Control from one of the organizations that supports Islamic Finance like the Accounting and Auditing Organization for IFIs (AAOIFI)

Experience

7 years of experience in the field of Islamic Banking and Operations.
Strong knowledge in Islamic Banking, Operations and Credit Administration.

Skills

Good command of English and Arabic languages both written and spoken
Planning and organizing skills
Interpersonal skills
Presentation skills
Sharia audit and review skills

COMPETENCIES

Manage internal stakeholders
Eye for details
Thinking analytically
Team working
Taking initiatives

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Hiring company

Commercial Bank of Dubai

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Senior Manager Sharia Advisory & Control

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Senior Manager Sharia Advisory & Control

Job details

Senior Manager Sharia Advisory & Control

Apply safely

Hiring company

Commercial Bank of Dubai

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