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Key Responsibilities and Accountabilities
Functional :
- Review and assess Shariah audit universe, and draft annual audit plan (including quarterly audit plan refresh) for Islamic Banking audit team.
- Prepare the planning of each audit assignment including, but not limited to, audit planning memorandum, list of relevant regulatory requirements and P&Ps, audit scoping, and risk & control matrix, where applicable.
- Conduct audit fieldwork of each audit assignment including, but not limited to, opening meeting, walkthroughs, request for documents, document and sample reviews, interviews, and exit meetings.
- Assess and ascertain that self-audit checklists for Islamic business operations are in place, well maintained, effective & remain relevant.
- Identify potential Shariah issues that may lead to Shariah non-compliance events, based on prescribed Shariah rulings of BNM SAC, BNM Shariah-based policy documents, HLISB Shariah Committee (SC) resolutions, and internal policies.
- Identify potential non-compliances with Islamic-specific regulatory policies and directives issued by regulators.
- Engage with respective auditees and management on potential findings, obtain and assess management's corrective/preventive action plans, and validate completed action plans to close the findings.
- Draft concise and accurate audit reports based on the results of the audit assignments.
- Provide Shariah audit support to other audit teams.
- Communicate and report results of audits to HLISB Risk & Compliance Governance Committee (RCGC-i), HLISB Board Audit Committee (BAC), and HLISB SC.
- Perform secretariat functions (on a rotation basis with HLISB Risk and Compliance-i departments) for RCGC-i.
- Establish and maintain Islamic banking and Shariah related dashboards, in collaboration with Audit Analytics team.
- To carry out any other duties as directed by the Head of Audit, HLB CIA, and HLISB BAC.
Managerial (team/group responsibilities)
- Lead the team in specific initiatives assigned by the Head of Audit or HLB CIA.
- Enhance and value-add in the internal audit's assignments and framework, where required.
- Assist and guide team members (on the job training) in areas where needed.
Organizational (organizational responsibilities)
- Demonstrate good discipline and conduct in carrying out functions and assignments.
- Participate in various working committees internally or representing Internal Audit Division, without compromising the independence and objectivity as an internal auditor.
- Assist in the development of proper policies and guidelines that comply with the Global Internal Audit Standards of IIA (Institute of Internal Auditors).
Jobholder Requirements
Education/Qualification
- Degree in Shariah/ Economic/ Finance/ Accounting or equivalent.
Experience
- Minimum 5 years experience in Islamic Banking or Financial Institution
Certification/Licensing Requirements
- Certification in Shariah knowledge and Shariah audit qualifications will be an added advantage.
- Certification in any audit qualifications will be an added advantage.
- Certification in data analytics qualifications will be an added advantage.
Special Skills
- Relevant Shariah knowledge.
- Creative thinking skills necessary to assess complex problems and/or identify innovative control-related alternatives or opportunities.
- Skills in data analysis is an advantage.
- Knowledge in banking practices.
- Possess good interpersonal and leadership skills.
