Details

Salary and Benefits

MVR 15,000 - MVR 20,000

Job Description

TERMS OF REFERENCE (TOR) 

Post:  Shariah Compliance Officer

No of Vacancies: 01                    

Post Type: Full time  

Department: SDFC Islamic Department

Reporting to: Manager - SDFC Islamic

Key Tasks, Responsibilities, and Deliverables:

• Ensure Shariah Compliance in day-to-day business activities and documentation of Islamic Window.
• Ensuring all the transactions, activities, services, and investments within the Islamic window adhere to Shariah principles and guidelines.
• Attend and clarifications sought by clients and business units in relation to Shariah compliant business and its products.
• Perform research on Shariah aspects for each product before its presentation to the Shariah Committee for decision.
• Reviewing credit memos, sanction documents, and agreements and ensuring they are in compliance with the guidelines and resolution of the Shariah Committee.
• Report any Shariah non-compliance events observed with relevant departments.
• Coordinate and resolve such events as per the guidelines of the Shariah Committee.
• Conduct assessment of Shariah compliance in the activities and operations of the Islamic window including policies, procedures, documentation, and process requirements.
• Conduct the Shariah review of relevant business units and Shariah compliant business operations as per the resolutions issued by Shariah Committee and guidelines issues by Shariah Council of MMA.
• Compile, prepare, and communicate review findings with relevant stakeholders.
• Support in preparing management accounts/reports, board memos, and statutory and regulatory reporting requirements.
• Assist in identifying training requirements of staff in relation to its Shariah compliant business and provide support in preparing and delivering required training sessions.
• Assist to fulfill statutory and regulatory requirements in obtaining various approvals, permissions, and licenses from relevant authorities.
• Any other duties that may be assigned from time to time.

Requirements and Qualifications:

• Minimum MQA level 7/8 qualification in relevant field (Islamic Economics, Islamic Banking/Finance, Shariah/ Shariah & Law, Fiqh Muamalat).

Competencies required:

• Superior attention to detail in addressing Shariah Compliance events.
• Strong moral code and sense of ethics.
• Analytical and research approach and proactive attitude in managing issues.
• Excellent interpersonal and communication skills including verbal and written, with a strong emphasis on report writing and presentation capabilities.
• Ability to work independently with minimum supervision.
• Creative problem-solving skills.
• Proficiency in Microsoft Office applications.
• Strong time management and organizational skills and ability to meet deadlines.
• Familiarity with trade, economic development, and MSME sector in the Maldives.

Remuneration Package: 

• Negotiable depending on the Qualification and Experience.

Other benefits:

• Health Insurance as per company policy.
• Training and development opportunities.

 Working Hours: 

• The selected applicant will be required to work from 0800 to 1600 on weekdays.  

Documents required with the job application:

• Complete and up-to-date Curriculum Vitae (CV).
• Copy of National Identity Card.
• Copies of academic certificates with transcripts. (all international certificates must be accredited by MQA).
• Reference letters from current/ previous employers certifying type of employment, job roles, and service period.
• Recommendation letters from previous supervisors or employers (optional).

How to Apply:

• Required documents should be submitted using the link: https://sdfcmv.aidaform.com/job-application-form-shariah-compliance-officer before 18^th July 2023 at 14:00 PM.

Important notes to applicants:

• Incomplete applications will be rejected without further notice.
• Applications should be submitted only via the given link, applications received via email will be rejected.
• Only short-listed candidates will be notified of the interview.

For inquiries, please contact us between 9:00 am to 14:00 pm via phone 3026015 / 3026018 or email at [email protected]

Requirements and Qualifications

Minimum Experience

Not Specified