Head, Shariah Risk Management

2 days ago

Kuala Lumpur, Kuala Lumpur, Malaysia SME Bank Malaysia Full time 120,000 - 180,000 per year

As a high-performance organisation, we offer our services through all our branches operating nationwide. Our key initiatives are driven by various action-plans to create a high level of engagement while nurturing the core values of S.M.I.L.E among the Talent Capital of the Bank.

Talent management and development are the cornerstone of our operations. We are continuously scouting for the right talents to fill up the roles as
Head of Shariah Risk Management.

Responsibilities

1. Shariah Risk Leadership & Governance

  • Lead as the primary Single-Point-of-Contact (SPOC) with Bank Negara Malaysia (BNM) on Shariah Risk Management (SRM) matters.
  • Champion the Shariah risk program and initiatives across the Group and subsidiaries.
  • Represent Shariah Risk Management in critical committees such as Shariah Governance Working Group (SGWG), Shariah Committee (SC), Compliance & Risk Management Committees (CRMC), and Board Risk Management Committee (BRMC).
  • Act as the Qualified Shariah Officer (QSO) for Shariah Risk Management.

2.Risk Leadership & Strategic Assessment

  • Lead risk assessments for new and existing products, programs, and operational processes from a Shariah risk perspective.
  • Ensure all internal policies and procedures align with Shariah principles and regulatory requirements.
  • Monitor and establish Key Risk Indicators (KRIs) specific to Shariah risks and conduct Scenario Analysis/Stress Testing.
  • Oversee deep-dive investigations, risk control testing, and ad-hoc risk analysis for high-risk business areas.
  • Drive the implementation of operational risk management tools such as Risk Control Self-Assessment (RCSA), Incident Management & Data Collection (IMDC), and Key Risk Indicators (KRIs).

3.Leadership in Shariah Risk Culture & Training

  • Cultivate a strong Shariah risk awareness culture within the Group and business units.
  • Lead the development and execution of Shariah risk training programs, including e-learning initiatives via the GIEOM portal.
  • Guide teams on risk methodologies, tools, and compliance frameworks to strengthen the organization's Shariah risk governance.
  • Ensure continuous improvement in risk management policies, tools, and reporting frameworks to meet BNM's Shariah Governance Policy Document (SGPD).
  • Advocate for Shariah compliance best practices and provide advisory support to senior management.

Requirement

  • Minimum Bachelor's degree in Shariah, Islamic Finance, Fiqh Muamalat, or relevant background.
  • Possession of relevant professional certification is an added advantage.
  • Minimum 8 years of working experience in Shariah Risk, Compliance or Shariah Review, or in related fields, preferably in the banking/financial industry. Minimum 3-5 years in a managerial/lead role.
  • Proficiency and wide Islamic Banking knowledge in the areas of Fiqh Muamalat with vast experience on application of Islamic Banking's operations.

  • Section Head, Shariah Risk, Operational Risk Management Department

    2 days ago

    Kuala Lumpur, Kuala Lumpur, Malaysia Bank Pertanian Malaysia Berhad (Agrobank) Full time 120,000 - 180,000 per year

    Job Purpose :Shariah risk management refers to a function that systematically identifies, measures, monitors and reports Shariah non-compliance risks in the operations, business, affairs, and activities of the Bank.Responsible to assist Department Head, Operational Risk Management to ensure Agrobank's Shariah Risk framework/policies and guidelines are in...

  • Shariah Risk Analyst

    2 weeks ago

    Kuala Lumpur, Kuala Lumpur, Malaysia Zurich Insurance Full time 90,000 - 120,000 per year

    SummarySupport the CRO on enterprise wide risk management framework that is complete, effective and efficient.Support the CRO to maintain effective methodologies for Shariah risk analysis, management and reporting.Support the CRO to promote a culture that embeds shariah risk management as foundational to how business is done.Work collaboratively with the...

  • Shariah Risk Analyst

    2 days ago

    Kuala Lumpur, Kuala Lumpur, Malaysia LiveWell Full time 60,000 - 120,000 per year

    Summary Support the CRO on enterprise wide risk management framework that is complete, effective and efficient.Support the CRO to maintain effective methodologies for Shariah risk analysis, management and reporting.Support the CRO to promote a culture that embeds shariah risk management as foundational to how business is done.Work collaboratively with the...

  • Manager, Shariah Advisory

    2 days ago

    Kuala Lumpur, Kuala Lumpur, Malaysia Hong Leong Islamic Bank Berhad Full time 100,000 - 120,000 per year

    Overview:The Manager, Shariah Advisory is responsible for ensuring the end-to-end Shariah compliance of the Bank's business and operations. This role provides day-to-day Shariah advice and consultancy to all business and support departments, covering critical areas such as retail banking, corporate finance, and treasury activities. The successful candidate...

  • 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:Assess any potential Shariah non-compliance risks across the...

  • Head - Financial, Operations and Shariah Audit

    2 days ago

    Kuala Lumpur, Kuala Lumpur, Malaysia alrajhi bank Malaysia Full time 800,000 - 1,100,000 per year

    About the RoleTo assist Chief Internal Auditor in planning and managing Financial, Operations and Shariah audits of the Bank and provide assurance to the Chief Internal Auditor on the adequacy of the control environment within the area of attention.What will you do:Identify critical areas to be reviewed and prepare the 3-years strategic plan and annual audit...

  • Manager - HLISB (Shariah Advisory)

    2 days ago

    Kuala Lumpur, Kuala Lumpur, Malaysia HLB Full time 85,000 - 170,000 per year

    If you are looking to excel and make a difference, take a closer look at us…Key Responsibilities and AccountabilitiesFunctional (job responsibilities)To manage the overall functions relating to Shariah Advisory.To lead in providing day-to-day Shariah advice and consultancy to business and support units/depts to ensure Shariah compliance.To manage in...

  • Head of Shariah Compliance

    2 days ago

    Kuala Lumpur, Kuala Lumpur, Malaysia LiveWell Full time 120,000 - 240,000 per year

    PurposePromotes an ethics-based culture, delivering practical solutions, guidance and training, identifies and manages Compliance Risks of higher complexity, implementing policies, processes and controls related to the Compliance Risk Universe of moderate complexity to complex. Interacts with supervisory bodies whenever required.Key AccountabilitiesEnsure...

  • Executive, Qualified Shariah Officer

    2 days ago

    Kuala Lumpur, Kuala Lumpur, Malaysia Maybank Islamic Full time 60,000 - 90,000 per year

    1. Shariah Review & Compliance AssessmentConduct Shariah review exercises on operations, activities, products, and services across all Maybank Group entities offering Islamic banking solutions.Ensure all business activities comply with Shariah principles and relevant regulatory requirements.Identify, assess, and confirm Shariah-related issues reported by...

  • Head of Risk

    2 days ago

    Kuala Lumpur, Kuala Lumpur, Malaysia DVA (Malaysia) Sdn Bhd Full time 360,000 - 1,800,000 per year

    General purpose of the job:As DaVita continues to grow across our International markets, we are strengthening our governance and risk capabilities to ensure we scale responsibly and sustainably. We are excited to announce an opportunity for an experienced and dynamic professional to join us as Head of Risk.This role will play a critical part in shaping our...