Shariah Compliance Manager
Saudi British Bank (SABB)
Riyadh, Saudi Arabia
Job description / Role
Executes, administers and monitors the products and services provided by SABB Amanah and IBSA HSBC to ensure compliance with Shariah rules and guidelines (Fatwas) at all times. Highlights cases of non compliance by a particular team/department and regularly monitors the same to ensure closure of gaps thereby enhancing the Amanah image among its customers and improving the overall profitability of the Business.
The jobholder ensures compliance with Amanah Procedure Manuals, BIM, Audit recommendations and circulars issued by SAMA with regard to the daily operations/ administration of the department and operate under the rules and regulations of Islamic Shariah laid down by Shariah Committee and Head of Shariah Affairs. The jobholder needs to ensure that no activity repugnant to Shariah is undertaken at any point of time. The jobholder has to ensure all Fatwas from Shariah committee are enforced and followed properly at all times in the Bank.
A graduate or equivalent degree with work experience after graduation.
General banking Experience.
Good knowledge of Shariah Law under Islamic Banking.
Good knowledge of Shariah compliant Products.
Intermediate knowledge level of PC skills.
Ability to Communicate and Collaborate effectively for achieving desired results.
Ability to interact with internal and external customers in a multi-cultural environment.
About the Company
The Saudi British Bank (SABB) is one of the leading banks in the Kingdom of Saudi Arabia, and is an associated company of the HSBC Group, one of the worlds largest banking and financial services organisations, with over 9,800 offices in 77 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa.
SABB is a Saudi Joint Stock Company and operates as a commercial bank through a network of 73 branches including 13 exclusive ladies' sections/ branches. The bank has over 2000 employees and is a leader in offering its customers a full range of banking services.
Our Mission is a total commitment to put our customers first"