Avp - Standard Products & Training

Description:

To assist in reviewing and providing Shari’ah Advisory for new and existing Islamic products in Corporate, Retail, Treasury and Subsidiaries, and for new projects along with Shari’ah training function for the bank as and when required by the Supervisor.
Key Result Areas:
Advisory: Standard Products
Assist the supervisor to:
- Provide Shari’ah advisory on new Islamic products on recommendation of product team and business units from CIBG, IBG, RBG, TCM and subsidiaries.

- Provide Shari’ah advisory on existing Islamic products and work closely with CIBG, IBG, RBG, TCM and subsidiaries for maintenance of Islamic products.

- 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.

- Review and obtain approvals on BRDs and FSDs

- 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.

- Submit Shariah cases to Executive Member of ISSC to seek guidance and obtain Shariah approvals

- 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 Digital Journey screens of products, services, digital channels and other customer-facing banking processes / digital banking initiativesfrom 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 product (liability and asset side) and guide the process from Shari'ah perspective.

- Ensuring the process / timings of Legal documents and transactional level contracts execution for each product via Digital Journey Screens.

- Compile and send responses to clients on Scholar@mashreq.com portal after getting its draft approved from line manager.

- Obtain approvals on marketing/ promotional material etc.

- Ensure that all active Islamic products’ documents are kept updated and required changes are approved by the relevant approving authority.

- Assist Line Manager in engaging with cross-functional departments to support closure of Shariah-related Audit open items.

- Join project based cross-functional teams and/ or working committees to get Shari’ah requirements fulfilled.

- Respond to internal stakeholders for their queries/ requests related to Shari’ah compliance.