Audit Manager

•    To act as a Team Member or Team leader on assigned Shari'ah audit work;

•    To act as Team Member and take responsibility for working with the Team Leader during the planning and execution of the Shari'ah audit, including drafting of audit issues and helping the TL to draft the Shari'ah audit report; 

•    To ensure that assigned Shari'ah audit work is executed in an efficient and effective manner, within the given budget and timelines, and in line with GIAI methodology standards;

•    To clearly explain the Shari'ah risks and impact of issues identified during testing to GIAII and business management.

•    The individual may support in department wide exercises such as annual planning, risk assessment and training on Shari'ah audits.

•    To actively manage relationships with senior auditee management and stakeholders including Islamic Banking (IB) Country (Malaysia) and Group stakeholders.

•     To support GIAI audit teams by providing Shari'ah product/country knowledge and expertise for their audits relating to the individual's area of expertise.

•    To provide ongoing continuous monitoring in respect of the business and raise issues and observations outside of formal Shari'ah audit work to expedite rectification of control weaknesses; and

•    To attend and present at formal committees and Group meetings on behalf of Head of Audit- Global Islamic Banking (HOAGIB), as required, e.g. Shariah Board Meeting.  

•    Issue validation: Ensure that all Shari'ah audit issue action plans agreed during Shari'ah audit fieldwork are tracked through to completion in accordance with Shari'ah Audit Methodology requirements.

The Internal Shari'ah Audit Manager is an independent person from the business and functions reporting to the HOAGIB. The HOAGIB, carries out its duties in line with the GIAI Methodology

•    Undertakes assessment of businesses and activities of IFI to ensure the IFI's compliance with Islamic Shari'ah.

•    Assesses effectiveness of the SB by reviewing the composition and governance as per the Standards in the Annual Shari'ah Audit. This is to ensure that the IFI's compliance with Shari'ah principles.

•    Assesses the IFI's branches, its internal and external departments, and affiliates comply with Islamic Shari'ah.

•    Leads annual Shari'ah Audits to the IFI's internal and external departments, and branches (if any).

•    Prepares internal audit programs required for conducting inspection, and to verify and documents the sound execution of transactions considering the SB's fatwas and regulatory resolutions.

•    Conducts meetings with IFI's departments and branches to discuss the Shari'ah observations and request putting in place appropriate measures to prevent recurrences of similar issues, and in cooperation with relevant entities inside the IFI.

•    Prepares a report of the outcomes of the Internal Shari'ah audit and submits to the SB.

• Support the HOAGIB where required, in the development of the GIAI Shari'ah risk assessment and development of an appropriate Shari'ah audit plan for the HOA's assigned portfolio;
• Propose Shari'ah audits for coverage during the audit cycle based on their knowledge of the business; and
• Carry out their role in line with the Audit Charter and remain independent from management and free from interference.
• Assist the HOAGIB to effectively manage the cost of assigned audits within the allocated budget for audit engagements.
• Identify opportunities for efficiencies within audit work.
• Responsible for conducting of Shari'ah audits as per approved Shari'ah audit plans.
• Demonstrate proactivity and positive engagement during team sessions;
• Influence change within the department by highlighting potential enhancements;
• Identify growth areas at the start of each audit, and discuss with the Audit Lead on how best to work on them during the work;
• Identify and successfully complete key internal training including Shari'ah related for self-development; and

• Support the HOAGIB to proactively spot talent for GIAI.

• Support the HOAGIB to update the relevant assigned risk assessments on a regular basis to ensure that changes in risk profiles are identified in a timely manner, proposing changes to the assigned Shari'ah audit plan to OAGIB the as appropriate;

• Be prepared to raise issues/concerns outside the normal Shari'ah audit process;
• At the request of the HOAGIB, attend relevant meetings (e.g. Shari'ah Board Meeting) to keep up-to-date on key IB business matters and provide the right challenge to ensure Shari'ah risks are appropriately identified, discussed and timely remediation plans are put in place; and
• Review MI and reports regularly to keep up-to-date with key trends within the IB business.
• Assist the HOAGIB to manage the relevant IB Product/Country clients, and establish good working relationships to help the businesses improve the control environment and keep updated with changes in the business impacting their risk profile;
• Ensure clear communication of findings/issues/root causes to all relevant clients and monitor/escalate any overdue actions plans to the appropriate business manager and/or governance committee for resolution; and
• Ensure timely escalation of delays in execution of Shari'ah audit work, both to auditee management and GIAI management.
• Support HOAGIB to undertake various periodic reporting activities to internal and external stakeholders

•    A minimum of 3 years relevant experience as a Shari'ah auditor and/or Shari'ah compliance, and preferably one or more of the following areas of subject matter expertise: Islamic banking products and IB operations, finance, technology, and functions experience.

•    Effective collaborative skills that contribute to positive working relationships with counterparts in Group Internal Audit and the business.

•    In-depth understanding of correspondent banking and overall enterprise risk management, regulatory requirements and associated control requirements.

•    Professional certification in Islamic, Shari'ah audit i.e. CSAA is preferred;

•    Shari'ah related University degree.

•    Have strong English and reasonable command of Arabic will be an added advantage.

•    In-depth understanding of Islamic Banking, Financial Markets (Sales and Trading) risk management and associated control requirements;

•    Strong and impactful communicator, both within reports and verbally, with ability to clearly articulate controls to be tested and risks identified to both internal and business stakeholders

•    Confident and courageous to raise and escalate ideas or concerns in a professional and timely manner;

•    Proactive, self-directed and able to work with minimum supervision;

•    Exercise professional judgment, objectivity and discretion

•    Ability to build relationships, working within a global team.

We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.

Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.

Together we:

• Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
• Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
• Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible working options based around home and office locations, with flexible working patterns.
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.

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