Unit Head - Regulations, Governance and Training (Mashreq Global Network Pakistan)

Overview

Unit Head - Regulations, Governance and Training (Mashreq Global Network Pakistan) One stop solution for matters pertaining to the Regulator(s) for Shariah aspects of Islamic Banking including custody, explanation, coordination with CBUAE and others. Also, hold responsibility for good governance and strong controls across the Group via different frameworks, tools and technology. Define and execute the learning strategy for Islamic banking and Shariah knowledge for Mashreq. Assess Islamic banking and Shariah knowledge and awareness requirements across the bank to drive training initiatives and develop & conduct suitable trainings in line with stakeholder, ISSC and Regulatory expectations. To manage and govern all learning data related to Islamic banking and Shari’ah training.

Responsibilities

Laws & Regulatory Compliance

Maintenance of Master Regulatory Tracker

Point of contact for the Bank with HSA / CBUAE traffic

Prepare executive summaries for all new notices, regulations, standards and guidelines

Prepare gap assessments on all laws and regulations

Timely communication of new laws and regulations to all relevant stakeholders and necessary handholding and explanations

Oversight on monitoring / implementation of existing and new regulatory guidelines where there isn’t a direct responsibility of execution

Periodic submissions to the CBUAE as required in the regulations

Refresh and maintenance of frameworks emerging from regulatory requirements

Preparing BRC and Board presentations / material and coordination with Board Secretariat

Governance & Compliance

Compile and provide updated information on Monthly Exception Reporting

Perform Business Impact Analysis / Business Continuity Management at established intervals

Perform Annual Divisional Systems Access Review

Recommend controls across the organization’s ecosystem to mitigate any non-compliance

Conduct Risk Control Self-Assessment tests (RCSA) of the Division

Annually review and update Prism on existing adequacy of Risks and Controls

Maintain archive for the quarterly data and emails exchanges on RCSA

Point of Contact for Audits

Responsible to facilitate Internal and External Audits of IFASC Division

Responsible for managing CBUAE Audit submissions

Manage and respond to the Audit Observations tagged to IFASC on PRISM

Charity Disbursement & Zakat Notification

Responsible for maintaining and updating the Charity Manual

Ensure timely disbursement of charity ensuring compliance with approved charity manual

Ensure Zakat calculations are as per the guidelines issued by ISSC

Arrange ISSC approval on Zakat calculation and notify it to Company Secretary

ISSC Secretariat Support

Tasks assigned for the ISSC or preparation of its meetings (pre & post)

Action item stemming from ISSC meetings

Training & Development

To manage training, research and development function in IFASC in line with CBUAE requirements and best practices in the Islamic banking industry

To establish knowledge base in Mashreq through developing effective and appropriate technology enabled learning and development training courses and material which comply with the CBUAE Shari’ah Governance, AAOIFI Shari’ah Standards and the Internal Shari’ah Supervisory Committee (ISSC)

To assess and subsequently design and deliver training courses which are specific and sensitive to different roles and functions in the first, second and third lines of Banking i.e., tailor made

To collaborate effectively with Islamic Banking team / division heads / unit managers to identify areas that require focus from Islamic Banking trainings and absorb their feedback in the training process and material

To collaborate with the Learning & Development team to ensure that learning provision is joined up and complimentary to employees’ holistic learning needs and requirements

To coordinate and conduct Learning needs assessments and subsequent announcement and execution of Islamic banking and Shari’ah training plans

Conduct sessions post new Product launches to make staff familiar with the Shari’ah sensitivities in the process and documentation

To prepare annual Shari’ah training plan to be approved by the ISSC and the management before the beginning of any fiscal year

To coordinate with Field Visit and Shari’ah Audit Division periodically include Shari’ah observations in training material to avoid Shari’ah violations and ensure proper implementation

To collate and report periodically, the progress across the Bank on training requirements

Conduct training on Islamic Banking and Shari’ah Products in all role-based Induction programs coordinated by Groups SMEs and the Learning & Development Team

Conduct refresher training on Islamic Banking and Shari’ah Products upon request from Business

To amend and update the existing online courses on Shari’ah Certification for Retail and Wholesale Banking

Ensure timely and accurate updates of training records in the Learning Management System of the Bank

Provide training MIS to IFASC and Shari’ah Audit Division on demand

Knowledge, Skills and Experience

8-10 years of experience in an Islamic Bank in Shari’ah Audit / Shari’ah Compliance / Islamic Product Development especially facing the Regulator.

Should at least hold a bachelor’s degree / Professional Qualification in Business / Accounting.

In-depth understanding of AAOIFI Shari’ah Standards.

Should have significant exposure to Shari’ah principles via studies, courses or extensive on-job learning.

Strong communication and writing skills, as bank-wide interaction on technical issues are required

Command on MS Office especially Power Point

Seniority level

Not Applicable

Employment type

Full-time

Job function

Training, Analyst, and Management

Industries

Banking

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