A well-known and well-reputed Company based in Dubai, United Arab Emirates is looking for an experienced, skilled, competent, mature, qualified, creative, and intelligent candidate with significant knowledge and relevant working experience for the position of “Head of Internal Audit”.
|Company Name||National Bank of Fujairah Dubai|
|Qualification||Professional Degree (Accounting/ Auditing/ Finance/ Law/ Banking ) | Qualification in Islamic Banking|
|Experience||10 – 12 years of Relevant Experience Required|
|Monthly Salary||32,000 AED – 35,000 AED|
|Employment Type||Full Time | Permanent|
|Company Size||50-100 Employees|
To provide an efficient Shariah Audit Service in a manner that will accomplish the Bank’s objectives of Sharia Compliance in accordance with the Internal Shari’ah Supervision Committee guidelines. Also to provide support to other teams by executing audits in accordance with the standards published by the Institute of Internal Auditors and the bank’s Shari’ah Audit Standards Manual.
Shariah Audit Work Standards
Supervise and perform shariah audit work in accordance with the standards laid out by the Institute of Internal Auditors, the Bank’s Shari’ah Audit Standards Manual and adhere to the Internal Shariah Supervision Committee guidelines to ensure compliance with internal and external standards.
Independently assess business risks and evaluate the effectiveness and adequacy of internal controls within auditable units of Islamic banking portfolio.
Supervise or conduct the investigation of suspected or known fraudulent or other wrongdoings including whistleblower cases as requested by ISSC/HoIA or Executive – Operational Audit.
Shari’ah Audit Plan
Prepare shariah audit plan by using various automated tools such as audit forms and programs, ACL, continuous monitoring, etc to improve effectiveness and efficiency, while upholding the best practices in this process. Shari’ah Audit plan is to be approved by ISSC through Audit Committee.
Maintain Technical Competence
Maintain awareness of Operations/Credit/Compliance/Legal environment and audit best practice.
Assessment of Business Practices
Undertake an assessment of businesses and activities of NBF Islamic to ensure its compliance with Islamic Shari’ah.
Assess the effectiveness of the internal shari’ah supervision to ensure NBF Islamic’s compliance with Islamic Shariah.
Conduct Regular field audit for NBF Islamic external departments and branches.
Other Accountabilities Other Accountabilities Job Context
* The nature of the role of Head – Internal Shariah Audit requires the jobholder to be effective in communicating shari’ah audit concerns and recommendations for control improvements to management who may resist perceived criticism of their area(s) of responsibility.
* The role involves providing guidance to Guest Auditors and MTPs/other Trainees as necessary.
Education Preferably University Graduate (Accounting / Finance / Law / Banking) Experience and Skills
A degree in Shariah/Islamic Banking or related qualifications in Islamic Banking and Finance
A professional certificate in Shari’ah and Islamic Banking Audit from one of the organizations that support Islamic Finance. For Example, the following:
* Certified Shari’ah Advisor and Auditor (CSAA) from AAOIFI.
* The Certified Islamic Specialist In Shariah Auditing from CIBAFI
* Certified Professional Shariah Auditor from IBFIM
A professional certificate/qualification in Auditing. (Certified Internal Auditor /Chartered Accountant etc.)
* Minimum of 10 years of experience in shari’ah auditing in Islamic banking/ financial services environment.
* Strong Islamic Banking Shariah Knowledge and Shariah risk management.
* Technically proficient in Islamic banking operations and able to execute audit plans independently.
* Involvement in projects/investigations.
* Strong command of English and reasonable command of Arabic.
Behavioral Competencies Change and Innovation – Advanced Communication – Advanced Delivering Value – Advanced Empowering and developing self and others – Advanced Evaluating and Solving Challenges – Advanced Results Orientation – Advanced Vision and Strategy – Advanced Working and collaborating with others – Advanced Technical Competencies Audit practice – Internal Audit- Advanced Advisory Services- Internal Audit- Advanced Governance, Risk and Control- Internal Audit- Proficient Technical Writing- Internal Audit- Proficient Fraud and Special Investigations- Internal Audit- Proficient IT and Information Security Management- Internal Audit- Basic Banking Operations- Internal Audit- Proficient Credit Risk – Internal Audit- Basic
- Mid-Senior level