Job description
Role Overview
Graduate Trainee β Internal Shariah Control at Emirates NBD, based in the UAE.
Company Overview
Emirates NBD is a market leader across the MENAT region with a presence in 13 countries, serving over 9 million customers. The organization is the leading financial services brand in the UAE with a Brand value of approximately USD 4 billion. Emirates NBD serves customers through retail banking, corporate & institutional banking, Islamic banking, investment banking, private banking, asset management, global markets and treasury, and brokerage operations. The company is a key participant in the global digital banking industry, with 97% of all financial transactions and requests conducted outside of branches. Emirates NBD also operates Liv, the lifestyle digital bank, which has over half a million users and is the fastest-growing digital bank in the region.
Role Purpose
The Internal Shariah Control Officer supports the Head of Internal Shari'ah Control in delivering Shari'ah control functions across Emirates NBD Group entities and relevant subsidiaries with Islamic offerings, excluding Emirates Islamic Bank. The role ensures activities, products, documentation, communications, and stakeholder queries comply with the Sharia Governance Framework, ISSC resolutions, Higher Shari'ah Authority guidelines, and applicable AAOIFI Shari'ah Standards.
Key Responsibilities
Compliance Review & Monitoring
- Support the review of agreements, contracts, product documentation, services, marketing communications, customer queries, complaints, and Shari'ah screening activities.
- Assist in monitoring and reviewing business activities to assess compliance with Islamic Shari'ah, ISSC resolutions, Higher Shari'ah Authority guidelines, and regulatory requirements.
Documentation & Reporting
- Prepare formal Shari'ah compliance updates, quarterly reports, manuals, standard operating procedures, and regulatory communication under the guidance of relevant Shari'ah leadership.
Training & Development
- Support the development and delivery of basic and customized Shari'ah training materials for Emirates NBD staff.
Governance & Administration
- Assist with ISSC secretariat activities, including meeting agendas, archiving fatwas and resolutions, logistics, and following up on implementation of Shari'ah resolutions.
Qualifications & Experience
- Bachelor's degree in Shari'ah or Law is essential.
- Master's degree related to Islamic Banking is desirable.
- Certified Sharia Advisor and Auditor qualification by AAOIFI is desirable.
- Minimum of 1 year of experience in a Shari'ah department or Shari'ah consultancy firm is desirable.
Skills & Competencies
- Good knowledge of Islamic banking operations and Islamic Shari'ah principles is essential.
- Strong analytical skills.
- Strong problem-solving skills.
- Strong negotiation skills.
- Strong conflict management skills.
Additional Information
- Emirates NBD offers flexible work policy enabling work from home when it suits your schedule.
- The organization provides competitive rewards, benefits, and perks.
- Professional development opportunities are available to accelerate your career.