Assistant Vice President, Compliance (Shariah)

An exciting Assistant Vice President, Compliance (Shariah) job has just become available in a renowned bank based in Kuala Lumpur. This is a role for professionals who are looking for an exciting opportunity to be a part of the changing landscape in the financial services industry.

About the Assistant Vice President, Compliance (Shariah) Role:
In this business critical role, you will need to manage, plan, and conduct Shariah compliance review exercise and examine the control mechanism in accordance with Shariah governance framework for Islamic financial business.

Key Responsibilities:

• Identify, assess, and monitor Financial Institution ("FI")'s business operations and activities in supporting the Shariah Committee ("SC")'s oversight role to ensure Shariah compliance
• Manage any Shariah non-compliance event and initiate further investigation where necessary
• Provide Shariah review report to the SC, board, and senior management regularly on Shariah non-compliance issues and findings; other related stakeholders (whichever relevant)
• Monitor, ensure and check that the business conduct, procedures and processes of the business and operations of the bank meet the standards required of laws, regulations and the bank's Compliance Manual and the related compliance reporting of such observations to the relevant compliance office
• Review the observation of laws, regulations related to Shariah and the bank's Shariah Compliance Manual
• Shariah Compliance reporting on the status of the compliance to Shariah and observation of laws, regulations, and the bank's Shariah Compliance Manual in accordance with the reporting line, in general, and directly to the relevant committee and to the local supervisory/regulatory authority
• Taking appropriate action to correct the violation of Shariah (including reporting any Shariah non-compliant, regulatory incidents) or the bank’s Shariah Compliance Manual and Standard Procedures in accordance with the internal procedures
• Liaising with the supervisory authorities and reporting the result of any such contact to the immediate supervisor, expatriate in-charge and management
• Editing and updating the Shariah Compliance Manual, Shariah Review Manual and Shariah Review Checklist, Shariah Review Programmes in relation to the daily business and operations of the bank
• Applying and reporting amendments to the bank’s Shariah Compliance Manual and the relevant changes described therein
• Perform any ad hoc review/investigations/ enquiry in relation to any suspicious violation of Shariah requirements

To succeed in the Assistant Vice President, Compliance (Shariah) role, you will need to provide advisory services to the Source Department on Shariah Review and Shariah compliance related matters.

Key Requirements:

• Three years' or more of relevant experience in Islamic banking
• Relevant experience in other sections of banking industry will be considered as an advantage
• Bachelor’s degree from a recognised university or its equivalent
• Strong knowledge of Malaysian Islamic banking regulations/guidelines. Basic understanding of Japanese and US banking regulations is an advantage
• Strong self-motivated person who can work under minimal supervision with professional communication, interpersonal, negotiation, analytical and problem-solving skills

This organisation is an exciting addition to the Financial Services industry. The firm is very focused on developing and training their people to the highest standards.

If you are driven, determined and want to take the next step in your career, this is the role for you. Great career progression opportunities await the right person in this Assistant Vice President, Compliance (Shariah).

Apply today or call me to discuss this new opportunity.

Do note that we will only be in touch if your application is shortlisted.

Agensi Pekerjaan Robert Walters Sdn Bhd
Business Registration Number : 729828-T
Licence Number : JTKSM 423C