Lead, Shariah Governance Unit

2 days ago

Kuala Lumpur, Kuala Lumpur, Malaysia Cagamas Berhad Full time 120,000 - 180,000 per year

Cagamas is seeking a proactive and detail-oriented professional to lead our Shariah Governance Unit (SGU). This role is pivotal in overseeing Shariah risk, ensuring governance assurance, and monitoring compliance across the Cagamas Group.

KEY RESPONSIBILITIES:

Shariah Risk Oversight & Monitoring:

  1. Assess any potential Shariah non-compliance risks across the Group, business units and products and alignment to Enterprise Risk Management.
  2. Review Shariah documentation and processes to ensure alignment with approved frameworks and policies.
  3. Ensure implementation of Shariah resolutions and rectify non-compliance issues.

Shariah Governance Assurance & Compliance Review:

  1. Prepare Shariah Compliance Review Programs and reports for management and board.
  2. Conduct periodic Shariah compliance reviews across operations, products, and services.
  3. Ensure adherence to Shariah Governance Policy (SGPD) and internal Shariah governance frameworks.
  4. Perform independent reviews of Shariah-related decisions, implementation status, and control effectiveness.

Advisory & Stakeholder Engagement:

  1. Provide advisory input on Shariah risk matters to business units, Legal, and Compliance teams.
  2. Engage with Shariah Advisors and relevant committees to ensure governance alignment.
  3. Collaborate with the Islamic Product Development team to validate Shariah compliance from a risk perspective.

Reporting & Documentation Management:

  1. Prepare Shariah risk dashboards, compliance reports, and governance assurance updates.
  2. Maintain secure and organized records of Shariah risk reviews, assessments, and monitoring activities.

REQUIREMENTS:

Education & Qualifications

  1. Bachelor's Degree in Islamic Finance, Shariah, Law, Economics, Business Administration, or equivalent from a recognised university.
  2. Postgraduate qualification (e.g., Master's in Islamic Finance, Risk Management, or Governance) is an added advantage.

Professional Certifications (Additional Advantage)

  1. Certified Shariah Adviser (CSA) or Certified Shariah Practitioner (CSP) – IBFIM / AIF.
  2. Certified Islamic Finance Professional (CIFP) – INCEIF.
  3. Certified Qualification in Islamic Finance (CQIF) – IBFIM.
  4. Enterprise Risk Management (ERM) or Governance, Risk & Compliance (GRC) certification.

Experience & Skills

  1. Minimum 3–5 years of experience in Shariah governance, Islamic finance, or related risk/compliance functions.
  2. Strong understanding of Shariah governance frameworks including BNM's SGPD and the Shariah Risk Management Framework (SRMF).
  3. Working knowledge of Islamic finance products and structures (e.g., Murabahah, Wakalah, Musharakah, Ijarah, Sukuk).
  4. Experience in governance coordination, preparation of Shariah deliberation papers, minutes, and regulatory reports.
  5. Ability to conduct Shariah research and translate rulings into governance documentation.
  6. Proficiency in Microsoft Office (Excel, Word, PowerPoint) for reporting and documentation.
  7. Excellent communication and stakeholder management skills.
  8. Detail-oriented, organized, and capable of multitasking independently while maintaining confidentiality and accuracy.

Why Join Us?

At Cagamas, you will be part of a purpose-driven organization that values innovation, integrity, and impact. We offer:

  • A collaborative and inclusive work culture
  • Opportunities for professional development and career advancement
  • The chance to contribute to meaningful initiatives in a respected financial institution

Note: Only shortlisted candidates will be contacted for the next steps in the selection process.

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