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