Manager, Business & Shariah Risk

Posted 6 Days Ago
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Tower, MI
Senior level
Fintech • Payments • Financial Services
The Role
The Manager of Business & Shariah Risk is responsible for developing and enhancing the Shariah Compliance Risk Management Framework, facilitating risk assessments, monitoring compliance, reporting on Shariah non-compliance issues, and promoting a proactive risk management culture. This role requires strong analytical and communication skills to work with internal Shariah compliance functions and report key risks to senior management.
Summary Generated by Built In

If you are looking to excel and make a difference, take a closer look at us…

Key Responsibilities and Accountabilities

Functional (job responsibilities)

Development & Control

  • To develop and continuously enhance the Shariah Compliance Risk Management Framework and other risk management policies and procedures relevant to Islamic Banking Businesses. This includes customizing relevant Group policies for HLISB implementation.
  • Facilitate risk assessment and control effectiveness assessment for new businesses, products or services during development stage and pre-launch stage as part of the Bank’s PVPC process.
  • Continuous monitoring of risk profiles and controls effectiveness to facilitate efficient and effective management of Islamic Banking Business Risk and Shariah non-compliance risk as well as ensuring HLISB stays within the risk thresholds set out in the Risk Appetite Statements.

Monitoring & Report

  • Track and report rectification status of Shariah non-compliant events.
  • Track and report purification of non-permissible income through income de-recognition.
  • Provide timely and independent reporting and escalation of key risks and controls issues to BARMC, Shariah Committee and Senior Management.

Shariah Compliance

  • Facilitate introduction of new controls to better mitigate/minimize Islamic Banking Business risk and Shariah non-compliance risk.
  • Responsible together with the Shariah Division as reporting unit on Shariah non-compliance reporting to BNM.
  • Engage regular communication with other internal Shariah compliance functions to ensure timely sharing of information and proper coordination to handle any emerging Shariah compliance matters.

Organizational (organizational responsibilities)

  • Inculcate proactive risk management culture in the Bank.

Jobholder Requirements

  • Malaysian citizen.

Education/Qualification

  • Degree or Masters in Business Administration, Finance, Accounting, Banking or related discipline with relevant working experience in the area of risk management within the financial services industry.
Experience
  • Five years and above work experience in a financial institution. Candidates with less than five years working experience may also apply if previous experience is relevant to Shariah Compliance Risk Management.

Special Skills

  • Analytical Thinking
  • Critical Thinking
  • People Management
  • Communication Effectiveness
  • Stakeholder Management

Certification/Licensing Requirements

  • Professional qualification in Shariah, Islamic Finance or Islamic Banking is a plus.  

About Hong Leong Bank

We are a leading financial institution in Malaysia backed by a century of entrepreneurial heritage. Providing comprehensive financial services guided by a Digital-at-the-Core ethos has earned us industry recognition and accolades for our innovative approach in making banking simpler and more effortless for our customers. Our digital and physical offerings span across a vast nationwide network in Malaysia, strengthened with an expanding regional presence in Singapore, Hong Kong, Vietnam, Cambodia, and China.

We seek to strike a balance between diversity, inclusion and merit to achieve our mission of infusing diversity in thinking and skillsets into our organisation. Candidates are assessed based on merit and potential, in line with our mission to attract and recruit the best talent available. Expanding on our “Digital at the Core” ethos, we are progressively digitising the employee journey and experience to provide a strong foundation for our people to drive life-long learning, achieve their career aspirations and grow talent from within our organisation.

Realise your full potential at Hong Leong Bank by applying now.

The Company
Kuala Lumpur, Wilayah Persekutuan
6,612 Employees
On-site Workplace
Year Founded: 1905

What We Do

Hong Leong Bank Berhad is one of the leading financial services organisations in Malaysia. With a heritage of more than 100 years, it provides comprehensive financial services covering consumer banking, business banking and trade finance, treasury, branch and transaction banking, wealth management, private banking and Islamic financial services. Its merger with EON Bank Group in 2011 has further embedded its position as a core banking franchise with an expanded distribution network of more than 300 branches across the country.

With a proven track record in value creation and a highly recognised brand, Hong Leong Bank has also been extending its footprint in the region, with branches in Singapore and Hong Kong and wholly owned subsidiaries in Vietnam and Cambodia. In China, the Bank has a 20% shareholding in Bank of Chengdu Co., Ltd., Sichuan and a consumer finance joint venture.

Hong Leong Bank is a subsidiary of Hong Leong Financial Group Berhad, the financial services arm of the Hong Leong Group. Apart from banking, Hong Leong Financial Group is involved in the provision of insurance and takaful, as well as investment banking, unit trust, fund management and stock broking services

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