AVP - Shariah Audit Excellence & Subsidiary Governance (Arab)

6 days ago


Dubai, Dubai, United Arab Emirates Talents Tide Full time
AVP - Shariah Audit Excellence & Subsidiary Governance (Arab)

Job Title: AVP - Shariah Audit Excellence & Subsidiary Governance

Location: Dubai

Reports to: Head of Sharia Internal Audit

Job Description:

Quality Assurance & Improvement Program (QAIP)

  • Develop a robust and comprehensive QAIP.
  • Perform Internal Quality Assessments, Client Satisfaction Surveys, and address any gaps.

Compliance & International Standards

  • Implement international best practices in line with IIA and AAOIFI Standards.
  • Conduct periodic Quality Assurance (QA) reviews to assess conformity with regulatory requirements, ISSC Fatwas & Resolutions, policies, and procedures.
  • Ensure adherence to AAOIFI and IIA Standards.

Audit Reviews & Alignment

  • Conduct end-to-end reviews to ensure alignment with quality standards, guidelines, checklists, and industry best practices.

Sharia Audit Metrics & Reporting

  • Develop, maintain, and report key department-wide Sharia audit metrics to measure the quality and timeliness of audit activities and other deliverables.
  • Prepare periodic departmental reports to capture progress, performance, and quality issues, verifying the effectiveness of implemented processes.
  • Implement approved departmental policies, processes, and procedures.
  • Provide instructions to subordinates and monitor their adherence to ensure controlled execution of work.

Key Performance Indicators (KPIs)

  • Build and monitor KPIs/Balanced-score Cards and Sharia Audit Survey scores for Group Internal Sharia Audit on a periodic basis.

Document Management

  • Maintain and update Sharia Audit documents (Sharia Audit Charter, Sharia Audit Policy, Sharia Audit Manual, etc.) periodically.

Presentations & Strategic Reporting

  • Prepare strategic presentations for the Board Audit Committee (BAC) and Internal Sharia Supervisory Committee (ISSC).

Annual Audit Plan

  • Monitor progress against the approved annual Sharia audit plan and manage effective action plans.
  • Report progress to respective GISAD Heads.

Stakeholder Collaboration

  • Liaise with internal and external stakeholders to maximize synergy and identify opportunities for continuous improvement.
  • Focus on automation and process streamlining to enhance operational efficiency and effectiveness.

Team Development & Training

  • Coach, train, and develop team skills by identifying training needs.
  • Maintain updated industry knowledge and develop a comprehensive training plan.
  • Ensure timely completion of the learning journey for Group Internal Sharia Audit staff.

External Quality Assurance (QA)

  • Ensure that external QA reviews are conducted by sourcing authorized QA assessors.
  • Provide support for engagements with Regulators, External Auditors, and External QA Providers.

Qualifications & Requirements:

  • Bachelor's degree in Accounting, Finance, or a related field (mandatory).
  • Certified Sharia Audit Specialist (CSSA) certification is mandatory.
  • Minimum of 15+ years of experience in Sharia auditing, Islamic finance, or a related field within the banking industry.
  • Strong understanding of Islamic finance principles and Sharia compliance standards.
  • Familiarity with banking regulations and Islamic finance laws.
  • Ability to lead a team and work independently with strong analytical and problem-solving skills.
  • Excellent communication skills, both written and verbal.
  • Strong attention to detail and ability to manage multiple tasks in a fast-paced environment.
Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Accounting/Auditing

Industries

Banking

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