Senior Manager, Shari' Audit

Role

Senior Manager, Shari'a Audit

Abu Dhabi

Responsible for organizing and managing internal Shari’a audit assignments according to Internal Shari’a audit plans. The responsibilities of the Sr. Manager Shari’a Audit include overseeing the process of Internal Shari’a audits, making recommendations on policies, and ensuring that the organization conforms with Shari’a rules & principles in order to provide a reasonable assurance to management that Shari’a risk is mitigated to an acceptable residual level.

Performs complex internal Shari’a audit assignments in designated areas of the organization to identify, resolve, and/or recommend solutions to assure full compliance with Shari’a resolutions of ADIB’s Internal Shari’a Supervisory Committee of ADIB. May serve as the project leader on standard audits and conduct complex audits independently.

• Adhere to:
  • AAOIFI Standards.
  • The Institute of Internal Audit Standards e.g. independence, objectivity, proficiency and performance of audit work.
  • The Internal Shari’a Audit objectives, mission and vision.
• Perform the internal Shari’a audit assignments/assigned duties efficiently and effectively based on the risk‑based Shari’a Audit approach sketched by line Management and in consultation with Team Leader.
• As Sr. Manager Shari’a Auditor of High/Medium/Low risk Shari’a audit assignments or Team Leader of Medium/Low risk Shari’a audit assignments, assist the Team Leader or line management in preparing a risk‑based Shari’a audit plan by:
  • Developing an understanding of activities.
  • Defining the related areas of Shari’a risks and controls for all activities/processes subject to Shari’a Audit.
  • Drafting/revising/updating the Shari’a Audit Program based on Shari’a risk assessment that considers impact and likelihood. Ensure any changes/additions to Shari’a audit programs are discussed and approved by Team Leader.
  • Compiling and reviewing the Internal Shari’a Supervisory Committee resolutions and ensuring they are incorporated in the audit program.
  • Preparing the checklist used between the Shari’a Team Leader and members.
  • Assisting and coordinating with the Shari’a IT Project team or IT Division to develop/improve reports required prior to and during the Internal Shari’a Audit assignments.
  • Preparing the Authority letter.
  • Preparing and conducting a presentation to all concerned Shari’a audit members, Team Leader and line Management discussing steps that will be implemented during preparation and field work.
  • Selecting samples with Team Leader according to approved methodologies.
  • Preparing the Assignment Planning Memorandum.
  • Arranging for and completing working papers on a timely basis according to Internal Shari’a Audit management guidelines. Hand over working papers to Team Leader promptly and ensure they reflect work performed, sample selected, and contain the Shari’a Audit program to support exceptions.
    • Providing guidance to other Shari’a Auditors as requested by Team Leader.
    • Following up receipt of client management replies to exceptions per Shari’a Compliance policy and bringing any deviation to line management.
    • Completing assigned duties within projected time scale and justifying any variances to Team Leader.
    • Completing the assignment performance appraisal performed by Team Leader at the end of each audit.
    • Enhancing decision‑making skills.
• By applying risk‑based Shari’a Audit methodology, identify critical Shari’a risks, major control weaknesses, process inefficiencies and report to the Team Leader for discussion and opinion.
• Ensure all previous Shari’a audit exceptions have been addressed and repeated issues are highlighted to the Team Leader on time.
• Ensure exceptions are drafted properly and promptly using the exceptions database and are discussed with Team Leader prior to drafting.
• Achieve high standards of behavioral competencies as defined by line management (per the Assignment Performance Appraisal).
• Maintain constructive working relationships with Shari’a Audit clients to achieve overall objectives.
• Maintain excellent teamwork environment and team spirit.
• Achieve very good knowledge of ADIB processes, policy & procedures and AAOIFI/IIA standards.
• Un…