Shariah Risk Management Expert

5 days ago

Kuala Lumpur, Kuala Lumpur, Malaysia OCBC Bank Full time

Job Overview

We are seeking an experienced Shariah Risk Management Expert to join our team at OCBC Bank. In this role, you will be responsible for ensuring the robustness and effectiveness of our processes, guidelines, and policies related to Shariah compliance.

Main Responsibilities

  1. Evaluate the adequacy of controls and tools in various aspects, including business unit processes, products, and transactions, to ensure adequate risk management practices are in place to mitigate Shariah-related risks.
  2. Highlight potential Shariah Non-Compliance (SNC) risks associated with products and provide recommendations for strengthening risk management practices and ensuring compliance.
  3. Develop and implement Shariah risk management strategies, including formulating Shariah risk assessment methodologies and processes to systematically identify, measure, monitor, and report Shariah risks.
  4. Provide guidance and support to Business Units and other control functions on Shariah Risk Management matters.
  5. Align and monitor Shariah risk exposures with OCBC Bank's risk appetite and risk limits.
  6. Conduct Quality Assurance Reviews on Business Units' Risk Control Self-Assessment to ensure appropriate and efficient controls are in place to manage Shariah Non-Compliance Risk.
  7. Prepare Operational & Shariah Risk reports for the Board Risk Management Committee (RMC).
  8. Develop Shariah Non-Compliance stress scenario and stress impact for Bankwide's Internal Capital Adequacy Assessment Process (ICAAP) as part of stress testing exercise to assess the Bank's potential vulnerabilities to stressed business conditions.
  9. Develop and conduct Shariah Risk Management training programs that educate staff on effective Shariah Risk Management.
  10. Participate/Involve in development and execution of any Shariah Risk Management tools to proactively identify, assess, measure, and mitigate SNC risks.

Key Qualifications

  • Minimum years of experience in risk management, with a strong focus on Shariah compliance and Shariah risk management within the Islamic finance sector.
  • In-depth knowledge of Islamic finance principles, Shariah-compliant products, regulatory frameworks, and Shariah compliance requirements.
  • Proven experience in developing and implementing Shariah risk management strategies in a financial institution, with specific expertise in identifying and mitigating Shariah-related risks.
  • Excellent analytical, communication, and interpersonal skills, with the ability to convey complex Shariah concepts to diverse stakeholders.
  • Ability to work collaboratively in a fast-paced environment and effectively manage multiple priorities while ensuring adherence to Shariah principles.
  • Proficiency in MS Excel, MS PowerPoint.
  • Strong analytical skills, attention to detail.
  • Independent, fast learner, performance driven, right attitude, good time management.
  • Highly responsible and has ability to lead a team independently.
  • Good communication skills and writing skills.

Primary Location: Malaysia

  • Shariah Risk Manager

    4 days ago

    Kuala Lumpur, Kuala Lumpur, Malaysia Takaful IKHLAS Full time

    We are looking for an experienced Shariah Risk Manager to join our team at Takaful IKHLAS. The successful candidate will be responsible for managing and mitigating Shariah related risks across our organization.Your key responsibilities will include:Identifying and assessing Shariah related risks across the organization.Developing and implementing effective...

  • Global Shariah Risk Manager

    2 days ago

    Kuala Lumpur, Kuala Lumpur, Malaysia Al Ebreizglobal Full time

    Job Description: We are seeking a skilled Shariah Compliance Executive to join our team at Al Ebreizglobal. In this role, you will be responsible for ensuring that our business processes and transactions comply with relevant legal and internal guidelines. The successful candidate will have strong knowledge of Islamic finance principles and be able to...

  • Shariah Compliance Manager

    3 days ago

    Kuala Lumpur, Kuala Lumpur, Malaysia OCBC Full time

    At OCBC, we are seeking a highly skilled Shariah Compliance Manager to join our team. The successful candidate will be responsible for reviewing the Bank's processes, guidelines, and policies to ensure their robustness and effectiveness.The ideal candidate will have a strong focus on Shariah compliance and risk management within the Islamic finance sector....

  • Compliance Officer

    5 days ago

    Kuala Lumpur, Kuala Lumpur, Malaysia OCBC Bank Full time

    About the JobWe are seeking an experienced Compliance Officer - Shariah to join our team at OCBC Bank. In this role, you will be responsible for ensuring the robustness and effectiveness of our processes, guidelines, and policies related to Shariah compliance.Main ResponsibilitiesEvaluate the adequacy of controls and tools in various aspects, including...

  • Team Lead, Shariah

    3 days ago

    Kuala Lumpur, Kuala Lumpur, Malaysia OCBC Full time

    OCBC Federal Territory of Kuala Lumpur, Malaysia2 weeks ago Be among the first 25 applicantsResponsibilitiesAssist to review the Bank's processes, guidelines, and policies to ensure their robustness and effectiveness with a crucial role in enhancing Shariah & Operational Risk Management efficiency, Shariah compliance with regulations, and maintaining...

  • Shariah Governance Specialist

    2 days ago

    Kuala Lumpur, Kuala Lumpur, Malaysia Al Ebreizglobal Full time

    **Job Description** We are seeking a skilled Shariah Compliance Executive to join our team at Al Ebreizglobal. In this role, you will be responsible for ensuring that our business processes and transactions comply with relevant legal and internal guidelines. The successful candidate will have strong knowledge of Islamic finance principles and be able to...

  • Financial Governance Expert

    3 days ago

    Kuala Lumpur, Kuala Lumpur, Malaysia OCBC Full time

    OCBC is seeking a Financial Governance Expert to join our team. The successful candidate will be responsible for formulating Shariah risk assessment methodology and processes to systematically identify, measure, monitor, and report Shariah risks.The ideal candidate will have a strong background in finance and risk management, with experience in developing...

  • Banking Shariah Expert

    3 days ago

    Kuala Lumpur, Kuala Lumpur, Malaysia Hong Leong Bank Full time

    About the PositionThis is an exciting opportunity for a motivated and detail-oriented individual to join our team as a Shariah Research Specialist at Hong Leong Bank.In this role, you will be responsible for:Providing high-quality research and analysis on Shariah-related topics.Supporting the Shariah Committee in their decision-making processes.Developing...

  • Risk Management Strategist

    3 days ago

    Kuala Lumpur, Kuala Lumpur, Malaysia OCBC Full time

    We are looking for a Risk Management Strategist to join our team at OCBC. The successful candidate will be responsible for ensuring all processes and policies are well-documented, regularly updated, and standardized across the Bank to facilitate consistency and Shariah compliance.The ideal candidate will have a strong focus on Shariah compliance and risk...

  • Compliance Officer

    2 days ago

    Kuala Lumpur, Kuala Lumpur, Malaysia Al Ebreizglobal Full time

    **Job Overview** We are seeking a highly skilled Shariah Compliance Executive to join our team at Al Ebreizglobal. In this role, you will be responsible for ensuring that our business processes and transactions comply with relevant legal and internal guidelines. The successful candidate will have strong knowledge of Islamic finance principles and be able...

  • Risk and Compliance Lead

    5 days ago

    Kuala Lumpur, Kuala Lumpur, Malaysia OCBC Bank Full time

    About the RoleWe are seeking a highly skilled and experienced Risk and Compliance Lead to join our team at OCBC Bank. This is a unique opportunity to lead our Risk and Compliance function and play a critical role in ensuring the robustness and effectiveness of our processes, guidelines, and policies related to Shariah compliance.Main ResponsibilitiesEvaluate...

  • Risk and Compliance Expert

    2 days ago

    Kuala Lumpur, Kuala Lumpur, Malaysia Munich Re Full time

    Our company, Munich Re, is a leading reinsurer with a strong presence in the global Family Retakaful market. We are seeking an experienced Risk and Compliance Analyst to join our team in Kuala Lumpur.About the RoleAs a key second line of defence, you will support our Chief Risk and Compliance Officer in matters relating to regulatory compliance, risk...

  • Shariah Committee Support Manager

    3 days ago

    Kuala Lumpur, Kuala Lumpur, Malaysia Hong Leong Bank Full time

    Job DescriptionThe successful candidate will provide administrative and managerial support to the Shariah Committee (SC), while conducting research on Shariah-related areas to support the bank's business and strategic plans.Main tasks include:Coordinating SC meetings and engagement sessions with senior management and other relevant stakeholders.Preparing and...

  • Shariah Compliance Executive

    2 days ago

    Kuala Lumpur, Kuala Lumpur, Malaysia Al Ebreizglobal Full time

    Job ResponsibilitiesEnsure and guarantee that our business processes and transactions follow all relevant legal and internal guidelines.Assist in providing day-to-day Shariah advice and consultancy to business and support units/departments to ensure Shariah compliance.Review documents such as legal documents, manuals, and marketing collaterals based on...

  • Islamic Risk Specialist

    3 days ago

    Kuala Lumpur, Kuala Lumpur, Malaysia OCBC Full time

    We are looking for an experienced Islamic Risk Specialist to join our team at OCBC. The successful candidate will be responsible for developing and implementing Shariah risk management strategies in a financial institution.The ideal candidate will have proven experience in identifying and mitigating Shariah-related risks. They should possess excellent...

  • Compliance and Risk Manager

    2 days ago

    Kuala Lumpur, Kuala Lumpur, Malaysia Munich Re Full time

    Munich Re Retakaful is a leading player in the global Family Retakaful market, and we're seeking a highly skilled Risk and Compliance Analyst to join our team in Kuala Lumpur.About the JobThis role involves providing an effective second line of defence for our operations from a regulatory perspective and in relation to our internal corporate governance, risk...

  • Second Line of Defence Risk and Compliance Expert

    5 days ago

    Kuala Lumpur, Kuala Lumpur, Malaysia Munich Re Full time

    Your ProfileWe are seeking an experienced Risk and Compliance Analyst to join our team in Kuala Lumpur. The successful candidate will have a minimum of 2 years of relevant work experience and hold qualifications in compliance/risk management/actuarial/insurance, such as ICA, CMIRM, FIFA, FSA, LOMA, AMII, FLMI, or BRM.Key Qualifications:Graduate with...

  • Compliance Governance Expert

    4 days ago

    Kuala Lumpur, Kuala Lumpur, Malaysia Takaful IKHLAS Full time

    Takaful IKHLAS is seeking a highly skilled Compliance Governance Expert to join our team. As a key member of our governance department, you will play a crucial role in ensuring that our operations are governed in accordance with Shariah principles and regulations.The successful candidate will have a strong understanding of Shariah requirements and experience...

  • Shariah Research Specialist

    3 days ago

    Kuala Lumpur, Kuala Lumpur, Malaysia Hong Leong Bank Full time

    About the RoleWe are seeking a highly skilled and experienced Shariah Research Specialist to join our team at Hong Leong Bank. In this role, you will be responsible for providing secretariat support to the Shariah Committee (SC) and conducting comprehensive research on Shariah-related areas to support the bank's business and strategic plans.Main...

  • Portfolio Management Expert

    3 days ago

    Kuala Lumpur, Kuala Lumpur, Malaysia Bank Islam Full time

    Job OverviewWe are seeking a Portfolio Management Expert to join our team. The ideal candidate will be responsible for conducting regular reviews of financing assets under the division to assess portfolio health, identify risks, and recommend strategic actions.Credit TransformationThe successful candidate will drive initiatives to enhance credit assessment,...