Head, Shari’ah Non-Compliance & Unique Risk Officer

Anonymous Employer

Job Summary

The position holder will head and lead in Shari’ah Compliance matters relating to Islamic Banking and will be the key person in the Bank’s management of Shari’ah related risks.

  • Minimum Qualification: Degree
  • Experience Level: Entry level
  • Experience Length: 2 years

Job Description/Requirements


1. Shari’ah Risk Management

  • Monitor and prepare daily/monthly Shari’ah Non-Compliance incidents for management and Board.

  • Facilitate the process of identifying, measuring, controlling and monitoring Shari’ah non-compliance risks inherent in the Bank’s operations and activities.

  • Develop, recommend and/or review appropriate Shari’ah non-compliance risk management framework  policies, procedures and guidelines for the Bank

  • Review and develop risk profiles for all Islamic Product & Services, Shari’ah Concepts as well as Business Units, with approval from the Shari’ah Committee 

  • Conduct Shari’ah risk awareness and culture training programmes.

2. Shari’ah Non-Compliance

  • Oversee periodical assessments, and provide an independent assessment to add value and improve the degree of Shari’ah compliance in relation to the Bank’s operations

  • Prepare periodical Shari’ah Review report which will be submitted to report findings on Shari’ah non-compliance to Shari’ah Committee, Board and regulatory bodies and other relevant authorities as stipulated in Shari’ah Framework.

  • Provide secretarial function to the Shari’ah Committee, by coordinating meetings, compiling proposal papers, disseminating Shari’ah decisions to relevant stakeholders and engaging with relevant parties who seek further deliberations of issues from the Shari’ah Committee.

  • Assist in managing the post-approval Shari’ah review activities on Islamic finance business activities.

  • Manage internal and external reporting of Shari’ah non-compliance risk

  • Administer working committee for Shari’ah compliance as necessary

  • Provide Shari’ah advisory in business and operational matters

  • Attend to Shari’ah queries on documentation

Key Performance Indicators

1. Financial

  • Level of Bank’s Shari’ah Compliance

2. Internal Process

  • The average time lag between identification of external compliance issues and resolution

  • Frequency (in days) of compliance reviews

3. Customer

  • Customer Feedback

4. Learning

  • Use of quantitative and qualitative tools to assess risk

Job Requirements

  • A University degree in Islamic Finance/Economics/Accounting/Banking
  • Specialisation in Fiqh & Usul Fiqh will be an added advantage
  • 2 years of relevant work experience preferably in an Islamic financial institution.
  • Possess a broad knowledge of banking domains such as credit, deposits, treasury, accounting etc. for both Islamic and conventional banking.

Technical Competencies:

  • Risk Information Management

  • Shari’ah Risk Management

    Behavioural Competencies:

  • Communication

  • Presentation Skills

  • Leadership

  • Problem Solving

  • Analytical Skills

  • Interpersonal Skills

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