Dear Reader,
Please visit the following sites to see the latest updates in the Islamic finance job market:
http://www.islamicfinancejobs.com/
http://www.bayt.com/en/international/jobs/q/islamic-finance/
https://www.linkedin.com/jobs/search?keywords=Islamic&locationType=Y&ori...
http://www.naukrigulf.com/islamic-finance-jobs
http://www.gulfbankers.com/home/index
http://www.efinancialcareers.ch/search?keywords=islamic
https://jobs.thelawyer.com/jobs/islamic-finance/
Best regards,
Michael Gassner
The Principles for Responsible Investment (PRI) is a United Nations-supported global investor initiative launched by former UN Secretary-General Kofi Annan in 2006. It counts many of the world’s largest investment institutions among its 1,200 signatories, representing more than $34 trillion, or around 15% of global capital markets. See www.unpri.org
The Initiative is seeking a Chair of its peak governance body, the PRI Advisory Council. The 16-person Council is responsible for setting the strategic direction of the Initiative, and is made up of CIOs, CEOs and trustee directors of signatory institutions, and the Executive Directors of the UN Environment Programme and the UN Global Compact. The Chair leads the work and deliberations of the Council, guiding the organisation towards achieving its Mission of promoting responsible approaches to investment and moving towards a more sustainable financial system. The role will involve representing the Initiative at high level engagements and events, helping to open doors, and exercising influence in support of the PRI’s Mission. The Chair also serves on the Board of UN Global Compact in an ex-officio role.
[...]
Building dialogue among civilisations, cultures and peoples, UNESCO is realising a global vision of sustainable development founded on human rights, mutual respect and the alleviation of poverty. In this high profile position, you will make certain that we demonstrate the highest standards of accountability, transparency and integrity, and will report directly to our Director-General.
From day to day, you will guide managers and their staff on best practice, ensure compliance with agreed policies and procedures, and oversee our Declaration of Interest and Financial Disclosure Programme. At the same time, you will take the lead on whistleblower protection and anti-harassment initiatives, whilst delivering in-depth training to your colleagues and overseeing the development of your own team.
[...]
Job Description
Key accountibelites:
Ensure and complete contracting requirements
Coordinate with legal dept, to approve legal contents
Supervisees and direct all the work of the contract and purchasing dept, assuring of the effectiveness and adherence to producers
Prepare the draft , revision and confirmation of contracts and legal documents. As when needed
Orientation of contracts ,legal documents and legal advice, towards protection of bank’s interests
Ensure that legal advice, contracts and recommendations are in conformity with statutes
Job Description
A major International Islamic Bank is currently seeking a regional Chief Financial Officer for their operations in Lebanon and Qatar. This role will be primarily based in Beirut.
Skills
Requirements:
* 10+ Years Experience in Senior Finance Roles within Global Financial Institutions.
Job Description
• Define Bank’s Retail Banking branding strategy in conjunction with Head of Marketing. Positions and develop the brand in-line with the banks overall strategy.
• Create an integrated sales and marketing strategy for the Retail Banking division. Reviews with GM- Retail Banking and Head of Marketing to gains necessary approval.
• Develop and manages implementation and roll-out of sales and marketing plans to achieve income, profit and market share growth objectives for Retail Banking division.
Job Description
The Candidate will be :-
- Co-ordinating between the commercial banking operation and the IT system.
- Developing & Planning for the Islamic Banking Business in the organization.
- Supervising training programs which are focusing on Islamic banking "companies"
Skills
- Minimum 10 years Experience in a field of Islamic banking operation.
- Computer literacy & Programming laungue is a plus.
- Fluency in spoken and written English & Arabic is a must.
- Excellent communication skills.
- Dynamic with leadership qualities .
- Pleasant personality with mature demeanour.
Job Objective:
Responsible for managing the Foreign Account Tax Compliance Act (FATCA) quality assurance and due diligence functions for all DIB customers in order to properly identify those who hold USA citizenship from others and new onboard.
Job Description:
Perform the Enhanced Due Diligence process for all new and existing clients within DIB in order to analyze the gaps between the current state and the desired state.
Conduct ongoing EDD for non-USA customers to properly identify those who became USA citizen afterwards, as well as for USA citizens who are no more classified as USA citizens.
Work within the regulatory framework laid for FATCA, and coordinating the development of due diligence and processes to ensure optimum compliance.
Control assessment methodologies, conduct independent reviews and assist with the remediation of findings from regulators.
Manage due diligence remediation efforts in response to regulator and internal audit findings, enforcement action assistance, creating action plans for remediation activities.
Monitoring and implementing due diligence remediation activities, and reporting to and interfacing with regulators.
Job Description
Job Objective:
To review the bank’s new product programs, policies, procedures, cycles re-engineering, and any amendments thereof to ensure efficiency & effectiveness of processes & controls.
Job Responsibilities:
Represent RMG in the committees formed for launching new products, process cycle re-engineering, new policies & procedures development, and any subsequent amendments thereof in order to share proposals and concerns as well as suggestions to mitigate the identified risks.
Review drafted new product programs, policies, procedures, proposed memos in order to highlight gaps in controls & inefficiency in process flows.
Liaise with stakeholders in order to discuss areas of concerns, assess overall residual risks of unresolved concerns & recommend for enhancement.
Follow up with the concerned departments for the revision of the policies & procedures in order to present changes for stakeholders’ review and document changes through the Policy & Procedures Dept.
Assist Risk Management in identifying the inherent risks that exists in the bank’s processes in order to share them with stakeholders.
Job Responsibilities:
Manage the daily activities and responsibilities of staff involved in the Syndicate/Agency functions & facility set up.
Maintain effective diary system so that all time bound actions are taken without any lapse.
Maintain all real and shadow accounts related to syndication operation with full details.
To supervise the processes of Asset Distribution transactions
Authorize/approve release of facilities as a authorizer.
Arrange to set up various Escrow, project, collection, incomes accounts to manage structured facilities. Review daily reports/exceptions/irregularity and inform the manager of any deviations for corrective actions.
Monitor performance of team and exercise appropriate control measures.
Assist in monitoring and valuing the security/collateral on a regular basis to ensure that any shortfall in security is immediately recognized and reported for rectification by Business Departments.
Manage and resolve the operational problems by probing into the issues and corrective steps to avoid reoccurrence.
Within delegated authority, authorize to approve release of limit in system.
Current Company Logo
Senior Risk Management Specialist (Credit Risk)
Islamic Development Bank - in Jeddah (Saudi Arabia)
Job Description
The candidate should be able to:
Participate in the development and update of credit risk management guidelines, policies, procedures, methodologies, and models, which have direct impact on risk management function.
Undertake the country risk assessment exercise including the application of associated quantitative and qualitative scoring model, and preparation of country risk report.
Undertake risk assessment of financial/investment operations related to projects, corporates, financial institutions, equities, funds, etc. including the application of associated quantitative and qualitative scoring models, and independent review of due diligence, financing terms and conditions, risk mitigation, security package, and assignment of exposure limits.
Participate in due diligence mission related to financing and investment operations.
Monitor adherence to guidelines and policies at the Group level, report on deviation, and recommend on corrective actions.
*JOB PURPOSE:
Responsible for the tasks related to Job Classification & Design including Org. Structure review, job families categorization, position description writing, titles analysis and job evaluation methodologies.
* KEY ACCOUNTABILITIES:
1.Organization Structure Design
• Able to critique organization structure changes requests
• Understands overlays between functions and is able to identify clear differentiations
• Recognizes and design org structures from a process point of view
• Oracle system understanding in terms of organization creation, position creation and hierarchal updates
At Guidance Residential, the nation’s leading provider of Islamic home financing, our sales division is our most valued company resource. Our Field Account Executives (AEs) are considered to be the front lines for our company’s brand. Field AEs meet regularly with potential home buyers and home owners to assist them with their home financing needs. They schedule and give presentations at local mosques and community centers in an effort to educate our target market about how our unique home financing products work. Our Field AEs also educate and build referral channels from professionals such as real estate agents in order to achieve their monthly production volume goals.
Job Description
Deliver assigned financial objectives (Revenue, Assets (funded and non funded) and Deposits targets)
Develop sustainable and economically feasible relationships with customers
Enhance share of wallet for the existing relationships
To solicit & develop Corporate banking relationship customer base.
Deepening customer Relationship by providing financial solutions & banking services required to meet individual customer’s business needs.
Ensuring prudent & profitable customer portfolio for the bank.
Understanding of customer’s business & industry trends, that would help identify adversities and its implication to the bank.
Job Objective:
To provide under the supervision and guidance of the Head of Legal and Line Manager in depth legal advice and support to the Bank and its subsidiaries in the achievement of their daily business requirements.
Job Responsibilities:
Advice internal clients on the best possible legal structure of a transaction, participate in the negotiation with counterparties, structure the deal and prepare documentation, drafting and reviewing contracts, agreements, powers of attorney and all other legal documents.
Provide legal support and service to the business units under the guidance and direction of HOD and Line Manager.
Job Description
Key accountibelites
Ensure and complete contracting requirements
Coordinate with legal dept, to approve legal contents
Supervisees and direct all the work of the contract and purchasing dept, assuring of the effectiveness and adherence to producers
Prepare the draft , revision and confirmation of contracts and legal documents. As when needed
Orientation of contracts ,legal documents and legal advice, towards protection of bank’s interests
Ensure that legal advice, contracts and recommendations are in conformity with statutes
Managing a diverse portfolio of accounts
Accept responsibility for achieving targets set
Analysing and managing their credit requirements
Identify new clients needs that can be fulfilled using the bank's product & services offering and grow portfolio in terms of revenue and volume to achieve sales targets
Monitor financial health of the portfolio and assist in managing the credit risk of the entire portfolio
Manage the service experience of the customer
Identify potential customers through databases, cold calling, follow up leads and telephone/personal contacts etc.
To sell Personal finance products to the specified target customers/segments and meet monthly sales targets.
To contact potential customers and convince them about the bank’s product offerings.
Major accountability for a Relationship Officer is to ensure that business is solicited as per the Shariah guidelines/process.
Ensuring that the conclusions on all the business sourced on Telesales leads, should be reported to ARM/RM.
Islamic Banking Product Controller
Hong Leong Bank Berhad - Kuala Lumpur, Malaysia
Job Description
ONLY MALAYSIANS NEED APPLY
The job-holder will be part of the Product Control Team covering the Global Markets – Islamic Banking Business, ensuring compliance with all regulatory and internal polices of the bank and ensuring Shariah compliance.
Preparation of daily trading and sales P&L reportingfor Government and Corporate securities, P&L attribution and commentarieson the Islamic Treasury trading activities.PL attribution decomposed into Greeks and full revaluation. Liaise closely with traders, quant and market risk on valuation issues. Assist the valuation control team with month end production of independent price verification.
To assist in formulation/implementation of credit policies by maintaining a log of all policy related changes/amendments, preparation of various MIS reports/presentation, conducting policy trainings to sales channels, target market enlistment & record maintenance, conducting quality assessment review as per bank’s policy and procedures.
My client is known as one of the leading Islamic Investment banks in the world. They are known to hire only the top talent.
They have retained our services in the search for a Senior Investment Analyst to join them in Qatar.
Duties and Responsibilities
You will be responsible for:
Extensive research and analysis of the investment portfolios of individuals or companies
Research on large company investment portfolios.
Analyzing account statements and cash flow.
Our client is an Islamic wholesale bank they are recognised as an industry leader in banking. They are currently looking for a talented Chief Risk Officer to join their team in Bahrain.
Duties and Responsibilities
You will be responsible for:
Ensuring compliance with local and internation regulations.
Manage the risk profile for the bank
Assessing, identifying, monitoring and reducing risks that could impact the business
Experience and Qualifications.
Minimum of 10 years' experience in a risk management position
[...]
Responsibilities:
· Manage and lead the Major Claims & Investigation Management for both Life Insurance and Family Takaful Individual claims while ensuring effective and efficient processing.
· To settle claims within the SLA and be prudent in claims decisions and management expenses at all times.
· Responsible for timely delivery of major claims services as per Service Level Management (SLM) objectives.
Responsibilities:
• Manage and monitor the implementation of policies, strategies for financing disbursement.
• Identify and analyses risk exposures before financing disbursement.
• Prepare Funds Requisition Form (FRF), review on documentation submitted by customer, vendor, supplier, franchisor, etc. Prior to financing disbursement.
• To conduct pre-disbursement site visit for verification of business status prior to financing disbursement.
• Prepare and coordinate the department's monthly reporting to the management related to disbursement of fund.
• Ad-hoc duties as assigned.
Manager - Basel II IRB implementation, Islamic Credit Risk
Responsibilities:
• Liaising/ communication to all project stakeholders as well as senior management regarding the Basel II implementation.
• Bring the gap between information providers, i.e. from various business and functional units source system owners/product owners for functional and data requirements.
• Facilitates to resolve concerns and issues associated with the project.
• Tracking ownership/ progress and reporting.
• Ensure completion of UAT/ Parallel Run and overall project completion, and
• Monitor and track IRB portfolios required for IRB coverage for the Bank.
Responsibilities:
· To assist in promoting risk and risk management awareness and sound knowledge of regulatory and internal requirement in the organization:
· Risk management programs to ensure a uniform process for identifying, assessing, and monitoring risk and controls is in compliance with regulatory requirements and Group risk management standards.
· Preparation of the periodic reporting to the relevant risk commitees on the state of risk management in the organisation.
· To provide risk management advisory services to business and support units as requested.
· Support Local (MY) Management in Operations Compliance Matters which include regulatory and internal policies compliance.
· Undertake ad-hoc projects as assigned by Head, Risk Management & Compliance
Responsible for developing, launching and managing Retail products and services. Enhance the Bank’s profitability by maximizing profitability of existing products and services through continuous monitoring and ensuring that the products under management are positioned competitively and their related operations are maintained efficiently and cost effectively. Drive all new products and services initiatives from conceptualization till launch to deliver superior customer value and open new avenues for revenue generation for the Retail Banking.
Develop and manage Sharia’s compliant products and services with the objectives to increase profitability, customer base and market share.
Under the supervision of the HOL, the Legal Counsel will be in charge of:
-Reviewing, drafting, negotiating and advising on the structuring and developing of master legal documentation for Islamic derivative products, including but not limited to, structured Islamic options, profit rate swaps, cross currency swaps, FX swap, FX options and other derivative products. This will involve working directly with the business teams, Islamic banking team and with other legal teams (some of which are located outside of the Gulf region).
The prime responsibility for this position will be to lead and direct the Treasury Trading team for all trading activities with a view to maximize profitability, limit losses for the Organisation and ensure adherence to defined risk parameters, regulatory requirements and internal guidelines.
Corporate Analyst Officer – Salalah Branch, Islamic Banking
•Maintenance of lending portfolio aimed at quality customer service and maximizing contribution to Maisarah profitability.
•Analyzing financial statements, business processes of customers and preparing credit proposals as per standards defined by Maisarah Islamic Banking.
•Recommend facilities / excesses to the appropriate authority /Management as per authority matrix for approval through defined channels.
Responsible to ensure timely & prompt preparation of all Finance reporting within Bank for MIS purposes and to external authorities for Regulatory purposes. Ensure all transactions are complied with IFRS, AAOIFI and local regulatory requirements. Ensure reconciliation of all bank’s reconciliation via NOSTRO accounts, CBO, and Inter Branches etc. Responsible to update bank’s General Ledger and Chart of Account. Review of Bank’s financial performance and its comparison with approved budget. Ensure timely and accurate charging of Fixed Assets Depreciation, staff salaries payments & bills payments etc. Assist Financial Controller in managing day to day Finance Department operations.
To work with Head of Islamic Product Management to manage new Islamic Wholesale produt roll-outs according to the time-line and business requirement. The job-holder will also contribute towards growing the overall Islamic business by assisting the unit head to formulate product strategies and guide the Relationship Managers and other key stake-holders to develop their Islamic product awareness. This is a specialist position which requires the candidate to have a strong applied knowledge of Islamic product structuring and management.
Responsible for Islamic treasury products and has in-depth understanding of liquidity management, bank funding strategy and the money markets. Able to demonstrate strong understanding of funding strategy and can translate into a tactical issuance plan.
The role is responsible to develop a mechanism/framework to measure and monitor the development impact of various projects undertaken by ICD and reporting the evaluation assessment reports to the business units, senior management, and the Board of Directors.
This role is responsible for managing a business focus area for the ASAM Department which includes developing strategy, sourcing business, managing transactions/projects, managing transaction/project budget and finances, and maintaining client relationships.
The role is responsible for assisting project managers in financial analysis and modeling, drafting project deliverable, preparing client presentations / reports and general support in all aspects of transaction. Additionally assisting in developing pitch-books and concept notes in coordination with the project lead.
ABOUT YPP:
The Young Professionals Program (YPP) is the strategic talent pipeline for the professional career in the Islamic Development Bank (IDB) Group. The Program is designed for outstanding young graduates who can significantly help the IDB Group to carry out its mission and attain its objectives.
This Program enables each Young Professional (YP) to receive extensive exposure and experience of the IDB Group’s various activities through job rotations in different departments. Participants will initially spend two weeks Orientation stage in HRMD. Then, 27 months in Foundation stage which will be split into three rotations of 9 months each in IDB Group departments.
Participants will also benefit from a coaching/mentoring arrangement and a wide range of relevant training and developmental opportunities.
Upon successful program completion, the participant will gradually climb up the professional grades in the IDB Group
[...]
A leading Islamic Bank based in London is currently looking to recruit an Operations Analyst to join its Operations team, reporting to the Fund Operations Manager. The successful candidate will be offered a competitive performance-related remuneration package in addition to the standard benefits package offered by the Company.
Gatehouse Bank is a Shariah compliant wholesale investment bank based in the city of London. They seek a Head of Finance to have primary responsibility for implementing the processes, procedures, working practices and support model for the day to day running of the Finance Department.
An Islamic Investment Bank based in the DIFC, Dubai is seeking to hire a Head of Institutional Sales to promote, market and sell the bank's products and services to institutional clients across the GCC.
A leading Islamic Bank based in London is currently looking to recruit a candidate to join its Real Estate team, reporting directly to the Head of Real Estate. The successful candidate will undertake a supporting role across a wide range of the Department’s general business activities including client communication, product design and implementation, relationship management and back office liaison. The role has the potential to provide the appropriate candidate with career progression opportunities and exposure to origination activities.
A leading Islamic Bank based in London is looking to recruit a Corporate Finance Manager to join the Corporate Finance team, reporting directly to the Head of Corporate Finance. The successful candidate will undertake a front office role in corporate banking and trade finance.
The Treasury & Investment Manager is involved in managing treasury activities and in reviewing real estate developments. The role reports into the Chief Financial Officer. There is currently one subordinate, the Assistant Investment Manager, with a mandate to further grow the team as required.
[...]
You will be responsible to develop, launch and run Sharjah compliant retail products for the Islamic Banking arm. You will also provide leadership and hands on guidance to the team to achieve pre-set financial / non financial targets.
http://www.naukrigulf.com/job-listings--Islamic-Banking-Product-Marketing-Head-Dubai-United-Arab-Emirates-Jobcarts-5-to-7-years-110213700794-?xz=1_0_2&jobId=110213700794&key=islamic&keyar=&loc=&exp=&srchRank=2&srchId=136844121855943600&currPage=1&sort=relevance&freshness=&compType=&companyId=&ind[]=7
Our Base platform to work will be IFLEX / Flexcube)
To identify and resolve application issues related to Core Banking systems of Noor Investment Group
To provide consultancy to users on queries related to Core Banking systems.
To Liaise with vendors and partners in resolving issues related to Core Banking Systems.
To ensure smooth service availability of Core banking systems.
To assist in new implementations, enhancements and upgrades of Core Banking Systems.
To perform System Integration tests (SIT) and co-ordinate User Acceptance Test (UAT) activities related to Core Banking Systems.
http://www.naukrigulf.com/job-listings-Support-Analyst-Core-Banking-Iflex-Flexcube-dubai--Dubai-United-Arab-Emirates-Noor-Islamic-Bank-4-to-8-years-030413000059-?xz=1_0_2&jobId=030413000059&key=islamic&keyar=&loc=&exp=&srchRank=3&srchId=136844121855943600&currPage=1&sort=date&freshness=&compType=&companyId=&ind[]=7
1. Co-ordinate customer-bank interactions regarding bank products and services.
2.Ensure timely processing of high quality credit proposals by the team for existing and potential customers through compilation and analysis of complete borrower information.
3.Supervise relationship management of assigned Affluent/Commercial/SME portfolio.
4.Identify prospective opportunities, actively market such prospects and negotiate with customers for obtaining their business and maintain follow-ups.
[...]
http://www.naukrigulf.com/job-listings-Relationship-Manager-Wealth-Banking-Abu-Dhabi-United-Arab-Emirates-Al-Hilal-Bank-4-to-9-years-140313700995-?xz=1_0_2&jobId=140313700995&key=islamic&keyar=&loc=&exp=&srchRank=20&srchId=136844121855943600&currPage=1&sort=date&freshness=&compType=&companyId=&ind[]=7
•Developing and managing a comprehensive consumer credit risk policy and roadmap, which supports business segment strategies and overall strategy for Islamic Products of Retail Bank in compliance with Shariah principles and guidelines
•Managing credit approval process for all islamic products of the Retail Bank
•Monitoring the risk management performance of credit products/portfolios and providing an ongoing assessment of credit risks in the Asset portfolio and product strategies.
•Establishing operating policies and procedures relating to credit approval and verification, collections/ repossession/foreclosure management and fraud.
[...]
http://www.naukrigulf.com/job-listings-Head-of-Credit-Islamic-Banking-Products--Abu-Dhabi-United-Arab-Emirates-GulfBankers-10-to-12-years-140313701042-?xz=1_0_2&jobId=140313701042&key=islamic&keyar=&loc=&exp=&srchRank=21&srchId=136844121855943600&currPage=1&sort=date&freshness=&compType=&companyId=&ind[]=7
Solution Lead for“Islamic Banking” Solution offering of FLEXCUBE product line and will be responsible fordriving the following initiatives
Ability to define the Target Markets & Accounts with a clear view of identifying Market Size & Target Addressable market globally for this segment of business
Ability to build pipeline and initiating, leading and closing big ticket “solution sales”, at the highest level in Islamic Banking Organizations
Development of Strategic Plan for the Sales /Sales Consulting team to execute deals in respective markets and to oversee large deals to closure
Influence product development based on prospect interactions, global market trends, local country / market requirements
Communicate product information, changes and direction to sales & sales consulting community
Client Relationship Management at C-Level and/or one level below to identify and steer opportunities for business improvement for this product line
[...]
http://www.naukrigulf.com/job-listings-Master-Principal-Sales-Consultant-Islamic-Banking-Dubai-United-Arab-Emirates-Oracle-3-to-8-years-250413700041-?xz=1_0_2&jobId=250413700041&key=islamic&keyar=&loc=&exp=&srchRank=1&srchId=136844121855943600&currPage=1&sort=relevance&freshness=&compType=&companyId=&ind[]=7
TASKS: The bank is in need of two senior banking experts that will support the bank in improving and expanding their SME finance and sponsoring program. Integrated in a team of international long and short term experts, the experts in need will coach the bank in strategic and operational issues to increase quality and outreach. [...]
ASSIGNMENT PERIOD
The assignment may commence at earliest date possible. Contract duration 1 year with optional/intended annual extension.
BENEFITS
GIZ is offering an international working environment with the following benefits:
-Existing GIZ infrastructure with GIZ office in Riyadh since 1980
-Excellent network of international experts: nearly 130 international experts are currently working for GIZ in different fields in Saudi Arabia
-GIZ is providing accommodation in compounds, medical examination and we offer all advantages of an international company.
-GIZ working contract
Please contact me patrick.raupach@giz.de
Full advert at the link below:
To provide strategic direction, motivational leadership and operational oversight for the Cooperation and Integration Department. Determine the strategy for the Department, set and deliver ambitious objectives that enable IDB to achieve its goals, and take the significant operational decisions.
To actively promote and enhance cooperation between OIC Member Countries and collaborates with OIC and its Standing Committees, Specialized and Affiliated Institutions on behalf of the IDB Group on matters related to cooperation and coordination between Member countries.