Assistant Manager, Shariah Audit

1 week ago

Kuala Lumpur, Malaysia Bank Islam Full time

Req ID: 5526- Job Description:

- **Summary**:

- This person will be responsible for conducting all audit and non-audit Shariah engagements for entities of Bank Islam and its subsidiaries.
- This person will be responsible for conducting all Shariah related special engagements, regulatory or non-regulatory.
- This person will be responsible for conducting all audit and non-audit engagements for all credit/investment related entities including but not limited to the following entities.
- BIMB Securities Sdn. Bhd. and its subsidiaries
- BIMB Investment Management Bhd
- Bank Islam Labuan Offshore Branch (BILOB)
- Bank Islam Trust Company (Labuan) Ltd.

**Responsibilities**:

- Assist Head of Unit in developing an Annual Audit Plan (AP) before the start of the financial year, specifying the auditable areas (split into mandatory and non-mandatory), resources required and duration.
- Assist Head of Unit in preparing the Audit Planning Memorandum (APM), Time Work Sheet and Cost Sheet for audit areas identified. The APM should demonstrate understanding of business environment, define the overall audit objectives, perform risk assessment (i.e. identify risk and exposures, calculate the impact and likelihood of the risks and outline suitable cost-effective control) and match risk to resources.
- Ensure pre-audit activities such as preparation and completion of audit introduction letter, audit engagement details, and audit programs were in order before commencement of each audit.
- Lead, supervise and conduct audits and review team members’ audit work.
- Obtain and file adequate audit evidence. Obtain third party confirmation if necessary. Evidence must be sufficient, reliable, relevant and useful.
- Document audit observations, either through audit findings and managing for value recommendations (MFV), clearly identifying the criteria, condition, cause, risk (clearly state high, medium, or not applicable), recommendation, and obtain management comments, if necessary
- Assist Head of Unit in reviewing Shariah related audit observations made by other audit units and ensure consistency. This includes obtain further information and views from the Qualified Shariah Officer, Shariah Division, Shariah Risk Management and Shariah Compliance Department concerning the Shariah matters.
- Assist Head of Unit in briefing the Group Chief Internal Auditor (CIA) and obtain direction on the team’s audit findings prior to the exit meeting.
- Assist Head of Unit in planning and leading the discussion of audit exit meetings.
- Ensure proper and adequate audit working papers are kept and submitted to Head of Unit once finished for checking.
- Assist Head of Unit in finalizing and following up on all audit observations. Ensure material deficiencies are followed up till resolved.
- Assist Head of Unit in preparing a comprehensive Audit Report and Management Letter (ML). Audit Report needs to be objective, clear, concise, constructive, persuasive, results-oriented and timely.
- Ensure professionalism, objectivity, integrity and ethics are maintained at all times.
- Ensure proper completion of post audit activities including review and approval of Audit Programs, assessment of team members’ performance and submission of duly completed working papers together with the audit report.
- Attend internal/ external training as volunteered or nominated by the CIA and conduct debriefing to the Group Internal Audit staff within 30 days.
- Assist Head of Unit in providing assessment on Shariah related Business Continuity (BC) readiness.
- Ensure adherence and compliance to all internal policies/ guidelines and external regulatory requirements.
- Perform any other duties/ assignment as and when directed/ assigned by the superior as per business requirement from time to time.

**Requirement**:
Minimum of 3 to 5 years relevant experience in Shariah Audit

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