Deal of the day

Shari’ah Compliance Officer at Gulf African Bank

The genesis of Gulf African Bank (GAB) can be traced back to 2005, when a group of motivated Kenyans envisioned establishing an Islamic bank as an alternative to conventional banking in the country. By conducting business on the principles of Shari’ah, the bank would provide an ethical and fair mode of banking for all. Gulf African Bank is the first and largest Islamic Bank in Kenya and one of the fastest growing banks in the history of the banking sector of the country. The bank offers fully Shari’ah compliant products and services that address the needs of not just Muslims, but everyone in the country including individuals, corporate companies, and institutions. The bank was incorporated on August 9th, 2006 and started operations as a commercial bank in January 8th 2008, in a historic event, where it was granted the country’s first fully-fledged commercial banking license as a dedicated Islamic bank, by the Central Bank of Kenya.

Department: Shari’ah

Reports to: Manager, Shari’ah

To ensure that the Bank is in compliance with Shari’ah directives, resolutions and Fatwas of Shari’ah Supervisory Board (‘SSB’)of the Bank

Key Responsibilities

  • Receive regular MIS and confirmation from the business departments and branches relating to the Shari’ah Compliance of key transactions.
  • Review all credit facilities and provide recommendations on structuring of the facilities in accordance with Shariah guidelines.
  • Measure, monitor, control and manage (under the supervision and guidance of Shari’ah Manager) any real or perceived risk of Shari’ah non-compliance by the Bank across the entire organization including fundamental (or primary) as well as tertiary (or peripheral) activities, operations and functions.
  • Review and understand all Shari’ah Supervisory Board pronouncements, guidelines, instructions, previous internal Shari’ah Audit results, relevant correspondences to be able to conduct reviews of the business.
  • Conduct Shari’ah audits, prepare reports and discuss findings with stakeholders
  • Communicate with all level of management, Shari’ah Manager SSB and external auditor.
  • Share the reviewed case, rectifications and inquiries for clarification with the Shari’ah Manager.
  • Assist in providing input, from Shari’ah perspective, to various teams in engaged in product development and systems implementations.
  • Assist in attending to customers’ queries related to Shari’ah Matters.
  • Assist in researching on best practice for Shari’ah Banking and integrating it in the Bank’s products.

Requirements

Qualifications and Experience

  • University Degree from a recognized University
  • Diploma in Islamic Banking and Finance will be an added advantage
  • Working experience of at least five years in Islamic banking and finance
  • Good understanding of Shari’ah Law
  • Proficiency in Microsoft Office Suite
  • Proven track record in auditing profession

Skills and Competencies

  • Strong leadership skills
  • Good analytical skills
  • Excellent persuasion and influencing skills
  • Excellent time management skills and the ability to prioritize tasks and follow up
  • Fluency in written and oral English.
  • Strong organizational and planning skills

Personal Attributes

  • Hardworking, strategically minded individual with excellent communication, analytical interpersonal skills and presentation skills
  • A passion for good work, team player and an achiever in a competitive and dynamic working environment
  • Self-driven individual with the ability to work under pressure
  • Excellent inter-personal and problem solving skills

The post Shari’ah Compliance Officer at Gulf African Bank appeared first on Jobs in Kenya – http://jobcenterkenya.com/.

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