Deputy Manager – Sharia non compliance Risk controller

2 weeks ago

Muscat, Muscat, Oman Bank Nizwa Full time 70,000 - 120,000 per year

Job Objective:

To identify, measure, monitor, control and manage any real or perceived risk of Sharia non-compliance across the entire organization.

Accountabilities / Responsibilities:

  • Establish control measures, parameters and framework to manage and continuously monitor Sharia non-compliance risk in the Bank as well as in transactions and Detect Sharia non-compliant transactions and events for each parameter
  • Preparing a monthly comparative schedule to present the development in all the Sharia non-compliance risk parameters to be presented to SSB in its quarterly meetings.
  • Review quarter MIS report coming from business depts.
  • Review sharia audit reports and figures out any non-sharia compliance and updated our report.
  • Review all SRR prepared by ISR or sharia complains and structuring Dept., and deducted the potentials non-sharia compliance risk.
  • Report Sharia non-compliance transactions especially related to documentations, executions, operations, accounting record as well as system behaviour.
  • Work in hand with IT Department to ensure execution of products avoid any potential Sharia non-compliant sensitivity elements
  • Proposed Sharia mitigates against Sharia non-compliant risk
  • Review all CBO/audit reports /HSSA resolutions and updated or control measures.
  • Identifying the Sharia non-compliance risk parameters for each department or function.
  • Prepare and update the sharia risk policy and any related procedures or form in line with CBO instructions and market practices.
  • Establishing a prudent and comprehensive framework with adequate systems and controls for managing Sharia non-compliance risk.
  • Managing the perceived Sharia non-compliance risks of various activities and departments in coordination with Internal Sharia Reviewer.
  • Giving a scale for each product from (high to low) according to sharia risk
  • Measuring quantitatively the volume of the identified parameters and detect any Sharia non-compliance events for each parameter
  • On a monthly basis a report will be send to the CEO with all the activities that has been done & highlight any sharia risk activities
  • Prepare SRR for new proposals and incorporated sharia comments and rules in the final FOLs
  • Attending SSB/EX COM meetings and updated or reports and control measures in line of sharia directions and new rules.

Qualification:

  • Essential (E): B.A. or Masters in Sharia
  • Desirable (D): B.A. or Masters in Finance or Risk Management

Work Experience:

  • 6 Years

Knowledge & Skill:

  • Financial and technical analysis
    skills
  • Reporting skills in English and Arabic
  • Advance level in English language and Arabic
  • Advance level in MS office.

  • IT Audit Senior Manager

    1 week ago

    Muscat, Muscat, Oman ahlibank Full time 80,000 - 120,000 per year

    SUMMARY OF ROLE:The IT Audit Manager is responsible for leading and executing IT audits across the bank, ensuring compliance with regulatory requirements, identifying risks, and enhancing IT controls. The role involves assessing IT governance, cybersecurity, data security, IT operations, digital banking platforms, and emerging technologies to safeguard the...

  • Project Controls Manager

    5 days ago

    Muscat, Muscat, Oman Archirodon Construction (Overseas) Company limited Full time 90,000 - 120,000 per year

    Develop, monitor and update the resource-loaded schedule and progress of works in cooperation with other project departments and report its statusMonitor cost performance and cost control activities update cost control tools and prepare budget forecastsPrepare the contractually required reports as well as the Company's internal project controls reportsManage...

  • Project Controls Manager

    3 days ago

    Muscat, Muscat, Oman Archirodon Group N.V Full time 90,000 - 120,000 per year

    Company DescriptionArchirodon, having earned its reputation as a reliable and respected international contractor for more than a half century in the Engineering, Procurement and Construction (EPC) market, continues to create value to its stakeholders by executing complex EPC projects worldwide, in recognition of its superior standards of performance.We have...

  • Project Controls Manager

    3 days ago

    Muscat, Muscat, Oman Archirodon Group N.V Full time 216,000 - 600,000 per year

    Company Description Archirodon, having earned its reputation as a reliable and respected international contractor for more than a half century in the Engineering, Procurement and Construction (EPC) market, continues to create value to its stakeholders by executing complex EPC projects worldwide, in recognition of its superior standards of performance.  We...

  • Risk Generalist and Advisory

    1 week ago

    Muscat, Muscat, Oman HSBC Recruitment Full time 60,000 - 120,000 per year

    Job DescriptionRisk Generalist and Advisory - 0000LRNI – Omani Nationals OnlySome careers grow faster than others.If you're looking for a career that will give you plenty of opportunities to develop, join HSBC and your future will be rich with potential. Whether you want a career that could take you to the top, or simply take you in an exciting new...

  • Risk Generalist and Advisory

    5 days ago

    Muscat, Muscat, Oman HSBC Full time 60,000 - 120,000 per year

    Job descriptionRisk Generalist and Advisory - 0000LRNI – Omani Nationals OnlySome careers grow faster than others.If you're looking for a career that will give you plenty of opportunities to develop, join HSBC and your future will be rich with potential. Whether you want a career that could take you to the top, or simply take you in an exciting new...

  • Financial Controller

    2 weeks ago

    Muscat, Muscat, Oman Oman Investment Authority Full time 6,000,000 - 12,000,000 per year

    Develop and manage the annual budget.Provide financial analysis, forecasting, and recommendations to support strategic planning.Monitor financial performance against budget and provide regular reports to management.Prepare and analyze financial statements, including income statements, balance sheets, and cash flow statements.Ensure accurate and timely...

  • Compliance Officer

    19 hours ago

    Muscat, Muscat, Oman Joyalukkas Exchange Full time 40,000 - 60,000 per year

    Company DescriptionJoyalukkas Exchange, part of the versatile Joyalukkas Group, is rapidly expanding across UAE, Kuwait, Oman, and India with a focus on providing unmatched money-transfer services. We ensure quick and reliable transactions at competitive rates, catering to both international trading and individual transactions. Our core objective is customer...

  • Finance Controller

    3 days ago

    Muscat, Muscat, Oman Pentabell Full time 30,000 - 90,000 per year

    . Lead the rolling forecast ("CV") process for Oman. This primarily covers revenue, margin and cash. It includes the preparation, review/interlock with key stakeholders, insight and submission. Allied to this is managing expectations, accuracy, and prompt identification of risks/opportunities, driving ownership and mitigation strategies by the project...

  • senior compliance auditor

    2 weeks ago

    Muscat, Muscat, Oman AJYAL HR Solutions & Services Full time 120,000 - 180,000 per year

    الدرجة الوظيفية:7الهدف العام للوظيفة:المساعدة في تنفيذ عمليات الفحص والتدقيق على الشركات الخاضعة للرقابة، لضمان الامتثال للتشريعات والمعايير، عبر إعداد خطط الفحص وتطوير الإجراءات ومراجعة أنظمة...