Manager Products & Shariah Compliance – Islamic Banking at CRDB Bank
Manager Products & Shariah Compliance – Islamic Banking at CRDB Bank… See details on how to apply for the opportunities available at CRDB Bank.
RESPONSIBILITIES:
- Design effective and efficient training programs for all employees under Islamic banking to ensure Shariah-compliant services.
- Analyse available Islamic products and services in the market and see how the bank can leverage the same.
- Assist in the preparation of all Islamic Banking Policies, Manuals & other relevant papers, in line with internal and external stakeholders.
- Train relevant bank staff (e.g., front-end business staff, credit, legal, etc) in Shariah Banking and products characteristics and terms.
- Represent the Bank at internal and external forums on Shariah expertise matters, including meeting with bank customers when required.
- Monitor developments of Islamic finance products and competitor strategies, including preparation of the quarterly report to the Shariah Advisory Board (SAB) & management on any critical issues or findings that needs reporting or new development.
- To keep up to date with the new Sharia requirements/decisions issued by the Sharia Advisory Board (SAB) and international body e.g., AAOIFI/OIC Fiqh Academy or any other credible and authentic sources. Using the resources as per applicability in the local market
- Conducting Reviews on Shariah compliance and operations of Islamic Banking business, to ensure the activities and operations are carried out in line with Sharia rulings and requirements.
- To prepare and recommend the product’s concept, and documentation which complies with Shariah rules for seeking approval from the management and Sharia Advisory Board (SAB)
- To ensure the products are correctly implemented in the Core banking System and work on system irregularities related to Islamic Banking Business.
- Ensure all Islamic Banking facilities are undergone Shariah Review before being sent for approval.
- Monitoring Islamic Banking performance by providing quarterly reports on Accounts, deposits, inventories, financing accounts, financing book, financing income, and NFI
- Management of Charity Account, i.e., ensuring the system is correctly charging the penalty fees, and timely distributed to deserved beneficiaries.
- Management of all approved/sanctioned facilities. i.e., ensure all approved facilities are registered and checked the completeness of Financing documentation.
People Management Functions:
- Competence skills in networking, teamwork, and meetings/training management.
- Responsible for inspiring and motivating business teams to work under the bank’s Shariah compliance values
Customer Focus Functions:
- Being proactive to identify product issues and resolve them timely in a proactive manner.
- Works closely with Senior Shariah Compliance and Products Development Manager and other relevant stakeholders to ensure effective and efficient implementation of the project.
EDUCATION REQUIREMENTS, EXPERIENCE, KNOWLEDGE, AND SKILLS REQUIRED
- Bachelor’s degree in a related field i.e. Finance, Accounting, Banking, Economics, etc.
- A Master’s degree in business-related discipline will be an added advantage
- Islamic Banking Experience
- Projects & Product development Management
- Research and Training
- Products knowledge of Islamic Banking
- Understanding of Islamic Banking in the Tanzanian context
- Islamic Credit Risk Assessment Strong analytical and Problem Solving
- Excellent Verbal and Written Communication Skills
- Product Innovation Mindset
METHOD OF APPLICATION
Submit your CV and Application on Company Website : Click Here
Application Deadline: 28th February 2023.