Snr Manager Advisory Islamic Deals And Products Islamic Products And Governance - MAI Risk Management

Manage advisory function for Structures, Facility Documents of Islamic deals, Sukuk & standard product suite, considering applicable Higher Shariah Authority UAE – CB regulations, AAOIFI Shariah standards, ISSC guidelines and Supervisor’s instructions.
DEALS & SUKUK:
- Advise the most appropriate Shari’ah structure for a given transaction, considering the overall dynamics of the deal, considering applicable Higher Shari’ah Authority UAE – CB regulations, AAOIFI Shari’ah standards, ISSC guidelines and Supervisor’s instructions.
- Perform the above activity for the deal documentation as well
- Work with internal & external legal counsels during drafting of facility documents for accurate articulation of Shari’ah Compliance concerns in different relevant clauses.
- Work with counterparts in other Islamic Banks in syndications and club deals to mutually resolve all points of disagreement till a final draft can be developed.
- Perform the above listed activities for all the bespoke/customized bilateral transaction, syndications and DCM market as well (Sukuk) generated across the bank.
- Assist Division Head in presentations to the ISSC for procuring necessary approvals on the recommended solutions and documentation suite.
- Approach Executive Member or ISSC to present concepts and documents, procure the required approvals and respond to ISSC’s queries as and when required.
- Exhibit strong command on the local and regional regulations pertaining to Islamic Banking and ensure compliance of regulations in day-to-day work.

STANDARD PRODUCTS:
- Provide Shari’ah advisory on new Islamic products on recommendation of product team and business units from CIBG, IBG, & TCM

- Review and obtain approval of product contracts/ documents related to Islamic products.
- Review and obtain approvals on concept papers, product guides, PPGs, policies, Fatwas, SOPs and manuals etc.
- Ensure business/ product queries on day-to-day banking activities related to Shari’ah matters are timely addressed.
- Coordinate with business/ product and Legal team for preparation of legal documents or amendments to the existing documents in light of the Shari’ah compliance requirements.
- Conduct document & SOP mapping related to Shari’ah sensitivities for each Shari’ah contract and provide the list of possible action items.
- Ensure that Shari’ah sensitivities related to Islamic products are duly captured in the SOPs, product guides and standard product documents.
- Review of Digital Journey screens for each product from Shari’ah perspective and to ensure implementation of related guidelines issued by the Internal Shariah Supervision Committee.
- Work closely with Business and IT teams for the development of Digital Journey screens related to each product (liability and asset side) and guide the process from Shariah perspective
- TRAINING:

- E Learning maintenance & refresh as required
- Wholesale related training in the annual training plan
Training for new product launches

- Bachelor’s degree/Professional qualification in commerce/business/banking. (emphasis on Islamic Banking is a big plus)
- Certification/Qualification in Islamic Banking preferably AAOIFI’s certifications
- Significant exposure to Shari’ah principles via studies, courses or extensive on the job learning.
- Extraordinary attention to detail is required.
- Strong communication skills: as Bank wide interaction on technical issues is required.
- Command on MS office.
12 - 15 years plus experience with 7 -10 years relevant experience of Islamic Financial sector (FIs, Accounting & Auditing Firms)