Islamic Banking - Head Of Distribution And Business Development - Wealth And Retail Banking

Job Description

Job Summary

Be the lead for new business development in Saadiq Wealth & Retail Banking by using own network and engaging with the front line teams.

Key Responsibilities

Strategy

• Formulate business strategy, set goals, and implement programs to achieve the targets for new business development.
  
  

Business

• Introduce new client relationships to grow the Islamic banking business.
• Engage with front-line teams to identify business opportunities and operationalize them.
• Establish partnerships and alliances that would result in new client acquisition and enrich Islamic banking’s value proposition.
• Keep the front-line teams in Priority and Private Banking fully updated and engaged on the Islamic banking affluent proposition.
• Enhance the effectiveness of distribution model through monitoring, team engagement, and motivation.
• Responsible to identify and materialise new business opportunities across markets in the Islamic banking space.
• Responsible to deliver incremental AuM (Asset Under Management) through self-sourced relationships and leveraging other business opportunities.
  
  

People & Talent

• Lead through example and follow the Bank’s culture and values.
• Facilitate training for the front-line / other related staff by collaborating with business, product, and Shariah teams.
• Ensure front-line teams have the required enablers (e.g. pitch decks, client communication, etc) to effectively present the Saadiq Islamic proposition.
  
  

Risk Management

• Identify weaknesses across business, strengthen the control environment, and drive rectification as required.
• Ensure adequate and appropriate systems and controls are in compliance with Country, Group and Business policies, procedures, standards and codes, including those governing all Risk types, Compliance, Technology and Operations, Finance and Reputation.
• Work closely with country stakeholders to prevent / manage Shariah non-compliance risk.
  
  

Governance

• Monitor and update Saadiq team on Islamic Banking performance.
• Follow the internal policies, directives, and guidelines from the Central Bank, Shariah Committee / Board, Group Islamic Banking.
• Maintain awareness and understanding of the regulatory framework, along with the regulatory requirements and expectations relevant to the role.
• Responsible for delivering ‘effective governance’; capability to challenge fellow executives effectively; and willingness to work with any local regulators in an open and cooperative manner.
• Adhere to the regulatory requirements (e.g. Islamic Windows, Shariah Governance Framework, etc) set out by the Higher Shariah Authority / Central Bank of UAE.
  
  

Skills and Experience

• Islamic Finance concepts
• Islamic structures
• Shariah concepts
• AAOIFI guidelines
• Higher Shariah Authority guidelines
  
  

Qualifications

• Education Bachelor’s or Master’s degree in Banking and Finance, or other relevant fields.
• Training Familiarity with Islamic Finance.
• Languages English
• Experience UAE and /Or GCC experience
  
  

About Standard Chartered

Were an international bank, nimble enough to act, big enough for impact. For more than 170 years, weve worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If youre looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we cant wait to see the talents you can bring us.

Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, youll see how we value difference and advocate inclusion.

Together We

• Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
• Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
• Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
  
  

What we offer

In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible working options based around home and office locations, with flexible working patterns.
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
  
  

Profile Description

Standard Chartered Bank

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