AVP - Shariah Audit Excellence & Subsidiary Governance (Arab)
6 days ago
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.
Mid-Senior level
Employment typeFull-time
Job functionAccounting/Auditing
IndustriesBanking
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