Head of Internal Shariah Audit - Internal Audit Department
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Key skills for this role
About the Role
United Arab Bank seeks a Head of Internal Shariah Audit to lead Shariah audit functions, ensuring compliance with Islamic Shariah across the bank. The role requires overseeing audit assignments, stakeholder management, and presenting to the ISSC and Board Audit Committee.
Key Skills for This Role
Responsibilities
- Lead and oversee Shariah audits across the Bank to assess controls, systems, and procedures
- Plan and organize reviews, agree terms of reference, and ensure audits are carried out effectively within timelines
- Present Shariah Audit reports to stakeholders and corrective action plans
- Review proposed actions from Senior Management and present to ISSC
- Oversee follow up on outstanding issues to ensure risks are managed
- Build and maintain effective senior stakeholder relationships
- Attend and present to ISSC and Board Audit Committee
- Manage, motivate, develop and appraise staff
Requirements
- University degree in Islamic Shariah or relevant specialization
- Professional qualification in Shariah audit from AAOIFI or CIBAFI
- Professional qualification in auditing from an international organization
- 10+ years experience in Shariah audit
- 10+ years experience in Shariah and Islamic Banking, ideally audit related
Full Job Posting
Job Purpose
- The Head of Internal Shari’ah Audit Division ensures that the function undertakes Shari'ah audit and monitors UAB’s compliance with Islamic Shari'ah through an annual plan.
Principal Accountabilities
- Lead and oversee Shariah audits across the Bank to assess adequacy and effectiveness of controls, systems, processes and procedures.
- Plan and organize reviews and agree terms of reference to ensure Shariah audits are carried out effectively within allocated timelines.
- Exercise judgement over materiality of issues and ratings of Shariah audits.
- Present Shariah Audit reports to stakeholders with corrective action plans.
- Review proposed actions from Senior Management and present to ISSC.
- Oversee finalized actions to ensure outstanding issues are followed up and resolved.
- Lead and present results on ad hoc requests for special Shariah audits or investigations.
Stakeholder Management
- Build, manage and maintain effective senior stakeholder relationships.
- Pro actively liaise with stakeholders and team members to discuss current and future issues.
- Assess compliance with Bank's policies, procedures, and regulatory requirements.
Other Management Responsibilities
- Frequent attendance at and presentation to the ISSC.
- Attendance at and presentation to Board Audit Committee.
- Recommend and manage changes to policies, systems, processes and working practices.
- Lead, manage, motivate, develop and appraise staff.
- Maintain the Audit Universe for Internal Sharia/Islamic Banking areas.
Job Requirements
- University degree in Islamic Shariah or relevant specialization.
- Professional qualification relevant to Shariah audit from AAOIFI or CIBAFI.
- Professional qualification in auditing from an international organization.
- 10+ years experience in the field of Shariah audit.
- 10+ years experience in Shariah and Islamic Banking, ideally audit related.
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