Internal Shari'ah Auditor

Conduct Internal Shari’ah Audits across Islamic banking units to ensure compliance with Shari’ah principles and regulatory standards. Perform risk-based Shari’ah audits, assess governance frameworks, and identify areas for improvement. Work closely with stakeholders to enhance controls, mitigate Shari’ah non-compliance risks, and support continuous improvements in audit processes.

Functional Responsibilities :

• Assist in executing the Annual Shari’ah Audit Plan, identifying high-risk areas for audit.
• Conduct Shari’ah audits using risk-based methodologies and data analytics.
• Plan and document audit engagements, including risk assessments, audit planning memos, and terms of reference.
• Perform detailed walk-throughs of business processes to identify control gaps, process weaknesses, and non-compliance risks.
• Assess the effectiveness of Shari’ah governance frameworks and document key findings.
• Execute audit fieldwork in accordance with internal methodologies, ensuring high-quality documentation.
• Analyze and detect Shari’ah non-compliance risks, track errors, and propose corrective measures.
• Evaluate the design and effectiveness of controls, challenging weaknesses and identifying improvements.
• Research and anticipate emerging Shari’ah compliance risks, conducting root cause analysis and developing actionable recommendations.
• Ensure Shari’ah audit reports align with AAOIFI standards, ISSC guidelines, HSA-CUAE regulations, and Islamic banking principles.
• Engage with stakeholders to monitor changes in business practices and update risk assessments.
• Discuss and finalize audit findings and recommendations with business units.
• Follow up on audit recommendations to ensure timely closure of Shari’ah non-compliance issues.
• Contribute to the enhancement of Shari’ah audit methodologies and processes.

Core Responsibilities :

• Ensure Shari’ah compliance within Islamic banking operations by identifying and mitigating risks.
• Provide independent assurance on the effectiveness of Shari’ah controls and risk management.
• Ensure alignment with AAOIFI standards, ISSC guidelines, HSA-CUAE regulations, and Shari’ah principles.
• Collaborate with internal teams to drive continuous improvement in Shari’ah governance.
• Support the monitoring and validation of audit recommendations and regulatory remediation actions.
• Stay updated with Islamic banking regulations and industry best practices.

Qualifications

• Bachelor’s or Master’s degree in Islamic Finance, Accounting, Auditing, or a related field.
• Certifications such as Certified Shari’ah Advisor & Auditor (CSAA) or Certified Islamic Professional Accountant (CIPA) preferred.
• 3-7 years of experience in Shari’ah audit, compliance, or Islamic banking.
• Strong knowledge of AAOIFI Shari’ah Standards, ISSC, HSA-CUAE regulations, and Islamic banking frameworks.
• Proficiency in audit methodologies, risk assessment, and data analytics.
• Strong analytical, problem-solving, and report-writing skills.
• Excellent communication and stakeholder management abilities.
• Ability to work independently and collaboratively within tight deadlines.