Shariah Auditor

United Arab Emirates, United Arab Emirates

Job Description

Shariah Auditor / Shari\xe2\x80\x99ah Auditor \xe2\x80\x93 Permanent \xe2\x80\x93 Dubai

Leading banking client in the market are now hiring for their growing team

This is a fantastic time to join a business who are growing and expanding within UAE

You will lead and assist in Internal Shari\xe2\x80\x99ah Audit of Islamic banking business units, departments, functions and transactions.

Contribute to the delivery of the Annual Audit Plan through active participation in the execution of risk based Shari\xe2\x80\x99ah audits and performing ongoing business monitoring and Shari\xe2\x80\x99ah non-compliance risk assessments of assigned business areas.

Role: Shariah Auditor / Shari\xe2\x80\x99ah Auditor

Location: Dubai

Duration: Permanent

Salary: 15,000 AED \xe2\x80\x93 17,000 AED Per Month Dependent on experience

Key Responsibilities

Accomplish Internal Shari\xe2\x80\x99ah Audit objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of Shariah Control, review, and governance process of the Islamic banking operations, products and services in order to adequately control the inherent risks of Shari\xe2\x80\x99ah non-compliance and assess the remedy measurements for the Residual risks of Shari\xe2\x80\x99ah non-compliance.

Assist Head of Shari\xe2\x80\x99ah Audit in the annual Shari\xe2\x80\x99ah audit planning process by performing effective risk assessments to identify high risk auditable entities for inclusion in the annual Shari\xe2\x80\x99ah audit plan.

Perform Shari\xe2\x80\x99ah audits of allocated business and risk areas using advanced auditing techniques and data analytics.

Plan Shari\xe2\x80\x99ah audit engagements and prepare documents including Shari\xe2\x80\x99ah Audit Planning Memo, Terms of Reference (TOR) and Risk assessment of the auditable entity for approval by Senior Management.

Conduct detailed walk-throughs with auditees for areas assigned and identify process/design gaps, deviation to documented process etc.

Actively engage in scoping meetings, conduct detailed walk-throughs of areas assigned and identify process / design gaps, deviation to documented process etc.

Research and assess how well Shari\xe2\x80\x99ah governance process are functioning and record the results accordingly.

Perform / complete high quality, well-documented Shari\xe2\x80\x99ah audit fieldwork in accordance with Internal Shari\xe2\x80\x99ah Audit methodology within strict timelines.

Formulate Shari\xe2\x80\x99ah audit exception findings and audit recommendations for review by Head of Shari\xe2\x80\x99ah Audit.

Detect, analyze, evaluate relevant documentation, track errors in data provided, streamline Shari\xe2\x80\x99ah non-compliance risk assessment, and search for potential loopholes and vulnerabilities to arrive at reasonable conclusions.

Test the operation, challenge the design of existing controls and perform inquiries as needed to resolve the vulnerabilities.

Anticipate emerging issues through research and interviews, identify root cause and develop recommendations to address them.

Ensure to deliver quality, timely and well-documented Shari\xe2\x80\x99ah audit fieldwork in TeamMate in accordance with Internal Shari\xe2\x80\x99ah Audit methodology and IIA standards within strict timelines, including feedback/review comments.

Prepare, review Shari\xe2\x80\x99ah audit reports to confirm adequacy of Shari\xe2\x80\x99ah audit coverage, quality of work papers and alignment with the Terms of Reference, AAOIFI Shari\xe2\x80\x99ah Standards & Financial Standards, ISSC, HSA-CBUAE and overall Shari\xe2\x80\x99ah principles of Islamic banking and finance.

Actively engage with stakeholders to understand changes to the business, perform periodic risk assessment, identify Shari\xe2\x80\x99ah audit opportunities, recommend changes to the annual Shari\xe2\x80\x99ah audit plan, define appropriate Shari\xe2\x80\x99ah audit scopes, and execute Shari\xe2\x80\x99ah audit delivery

Discuss and agree audit findings, recommendations and action plan with auditees.

Assist in the execution of continuous monitoring, recommendation follow-up and validation of Internal Shari\xe2\x80\x99ah Audit and Regulator identified issues remediation

Proactively engage with stakeholders to challenge and question existing processes and procedures with a view to developing the business through process improvements

Follow up with Auditees to ensure timely /satisfactory closure of all open findings on Team Mate and Team Central.

Develop the ability to identify emerging inherent Shari\xe2\x80\x99ah non-compliance risks and issues and stratify / prioritize them to determine Shari\xe2\x80\x99ah audit methods and remedies to be adopted efficiently.

Develop and enhance knowledge of potential risks of Shari\xe2\x80\x99ah non-compliance, industry specific knowledge appropriate to the Shari\xe2\x80\x99ah audit engagements and to the organization to retain credibility with all stakeholders.

Do your skillsets meet the requirements for this role? Interested? Please reach out to me with your application

N.B- Only shortlisted candidates will be contacted for this role

Bayt

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Job Detail

  • Job Id
    JD1511897
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    15000 - 17000 per month
  • Employment Status
    Permanent
  • Job Location
    United Arab Emirates, United Arab Emirates
  • Education
    Not mentioned