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Head Internal Audit Sharia Job

Date:  18-Jan-2022
Business Unit:  Internal Audit
Job ID:  643

Job Purpose

To provide an efficient Shariah Audit Service in a manner that will accomplish the Bank’s objectives of Sharia Compliance in accordance with the Internal Shari’ah Supervision Committee guidelines.  Also to provide support to other teams by executing audits in accordance with the standards published by the Institute of Internal Auditors and the bank’s Shari’ah Audit Standards Manual.

Key Accountabilities

Shariah Audit Work Standards
Supervise and perform shariah audit work in accordance with the standards laid out by the Institute of Internal Auditors, the Bank’s Shari’ah Audit Standards Manual and adhere to the Internal Shariah Supervision Committee guidelines to ensure compliance with internal and external standards.


Audit Methodology
Independently asses business risks and evaluate the effectiveness and adequacy of internal controls within auditable units of Islamic banking portfolio.


Special Investigations
Supervise or conduct the investigation of suspected or known fraudulent or other wrongdoings including whistleblower cases as requested by ISSC/HoIA or Executive – Operational Audit.


Shari’ah Audit Plan
Prepare shariah audit plan by using various automated tools such as audit forms and programs, ACL, continuous monitoring, etc to improve effectiveness and efficiency, while upholding the best practices in this process. Shari’ah Audit plan is to be approved by ISSC through Audit Committee.


Maintain Technical Competence
Maintain awareness of Operations/Credit/Compliance/Legal environment and audit best practice.


Assessment of Business Practices
Undertake assessment of businesses and activities of NBF Islamic to ensure its compliance with Islamic Shari’ah.

Assess effectiveness of the internal shari’ah supervision to ensure NBF Islamic’s compliance with Islamic Shariah.


Field Audit
Conduct Regular field audit for NBF Islamic external departments and branches.

Other Accountabilities

Other Accountabilities

Job Context

• The nature of the role of Head - Internal Shariah Audit requires the jobholder to be effective in communicating shari’ah audit concerns and recommendations for control improvements to management who may resist perceived criticism of their area(s) of responsibility.
• The role involves providing guidance to Guest Auditors and MTPs/other Trainees as necessary.
 

Education

Preferably University Graduate (Accounting / Finance / Law / Banking)

Experience and Skills

Education level  
A degree in  Shariah/Islamic Banking or related qualifications in Islamic Banking and Finance

Professional Qualifications

1. Mandatory
A professional certificate in Shari’ah and Islamic Banking Audit from one of the organizations that support Islamic Finance. For Example, the following:

• Certified Shari’ah Advisor and Auditor (CSAA) from AAOIFI.
• The Certified Islamic Specialist In Shariah Auditing from CIBAFI
• Certified Professional Shariah Auditor from IBFIM

2.Preferred 
A professional certificate/qualification in Auditing. (Certified Internal Auditor /Chartered Accountant etc.)

Work Experience
• Minimum of 10 years of experience in shari’ah auditing in Islamic banking/ financial services environment.
• Strong Islamic Banking Shariah Knowledge and Shariah risk management.
• Technically proficient in Islamic banking operations and able to execute audit plan independently.
• Involvement in projects/investigations.

Language Requirements

• Strong command of English and reasonable command of Arabic.

Behavioural Competencies

Change and Innovation - Advanced
Communication - Advanced
Delivering Value - Advanced
Empowering and developing self and others - Advanced
Evaluating and Solving Challenges - Advanced
Results Orientation - Advanced
Vision and Strategy - Advanced
Working and collaborating with others - Advanced

Technical Competencies

Audit practice - Internal Audit- Advanced
Advisory Services- Internal Audit- Advanced
Governance, Risk and Control- Internal Audit- Proficient
Technical Writing- Internal Audit- Proficient
Fraud and Special Investigations- Internal Audit- Proficient
IT and Information Security Management- Internal Audit- Basic
Banking Operations- Internal Audit- Proficient
Credit Risk - Internal Audit- Basic


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