Shariah Graduate - Kwazulu Natal - 24 Month Fixed Term Contract

PURPOSE OF THE ROLE

KEY RESPONSIBILITIES

Shariah Governance and Board Support

Under supervision, assist in the administration of the Bank’s Shariah governance activities by:

• assisting in the preparation of agendas, meeting packs, minutes and submissions for meetings of the SSB;
• helping to maintain accurate records of SSB resolutions, and supporting their indexing, archiving and dissemination to the business;
• assisting in tracking the implementation of the resolutions, rulings (fatawa) and directives of the SSB; and
• providing general administrative and coordination support to the Shariah Advisory Department.

Shariah Compliance and Review

Under the guidance of senior advisors, support the Bank’s Shariah compliance and review activities by:

• assisting in Shariah reviews of the Bank’s products, transactions and processes to support ongoing compliance;
• assisting in the periodic Shariah screening of the investable universe of the Islamic funds, and in the calculation of non-permissible income;
• gathering and organising information and data required for Shariah reviews and reporting; and
• escalating queries and potential instances of non-compliance to the supervising advisor.

Documentation and Advisory Support

Support the Department’s day-to-day advisory work by:

• assisting in the review of contracts, agreements and product documentation against AAOIFI standards and SSB interpretations;
• helping to research and prepare responses to Shariah-related queries from the business and clients;
• maintaining the Shariah query log and supporting related reporting; and
• assisting in the assessment of the applicable Islamic contracts, such as Murabaha, Ijarah, Musharaka, Mudaraba, Wakala and Istisnaa.

Research and Training Support

Contribute to Shariah research and awareness initiatives by:

• conducting research and assisting in the preparation of technical papers, notes and presentations on Islamic finance matters;
• assisting in the development and delivery of Shariah training and awareness material for staff and clients;
• supporting client education and consumer awareness initiatives in Islamic banking and finance; and
• keeping abreast of developments in Islamic banking and finance, and contributing to the knowledge base of the Department.