Description
Role : Assistant Internal Sharia Auditor
Location : Abu Dhabi
Role Purpose:
Assist in assessing the continuity and conformity level of Sharia rules & principles throughout the Internal Sharia Audit assignments in order to provide a reasonable assurance to the management that Sharia risk is mitigated to an acceptable residual level.
Key Accountabilities of the role
- Adhere to:
- The AAOIFI Standards.
- The CBUAE HSA Resolutions
- ADIB- ISSC Resolutions
- The Institute of Internal Audit Standards e.g. independence objectivity proficiency and performance of audit work.
- The Internal Sharia Audit objectives mission and vision.
- Assistance in carrying out performance of the internal Sharia audit assignments/assigned duties efficiently and effectively based on the risk-based Sharia Audit approach sketched by the line Management and in consultation with Team Leader.
- As Assistant Internal Sharia Auditor the main responsibilities are as follows:
- With team leader and team members visit departments/units subject to Sharia Audit (Preliminary Survey) based on: Familiarization Identification of potential areas of improvement Confirmation Planning the detailed audit.
- Assist compiling reviewing and summarizing Higher Sharia Authority CBUAE -HSA and ADIB Internal Sharia Supervisory Committee ISSCs resolutions.
- Assist reviewing of Policy and Procedures related to processes/products.
- Assist developing/reviewing the Sharia Audit Program and identifying/defining areas of Sharia Non-Compliance Risks.
- Assist Identifying and evaluating the Sharia Non-Compliance (SNC) Risks. (Prioritizing/quantifying the SNC SNC Assessment Likelihood Rating Scale & Criteria Impact Rating Scale & Criteria Overall SNC Score scale Definition & Criteria Identifying the Sharia Controls Prioritizing quantifying and evaluating the effectiveness of Sharia Controls Obtaining Management Consensus).
- Assist Listing of Sharia Audit requirements/reports.
- Assist Risk Assessment for Finance Products (Assets) only. (Risk Assessment (for Finance Products) - Evaluation framework (scoring system).
- Assist Sampling methodology (Extensive Testing Moderate Testing Standard Testing).
- Assist Prepare Authority Letter.
- Assist Formation the Sharia audit assignments teams (team leader and members).
- Assist Using the Sharia Risk and Control Analysis to determine the Sharia Audit Approach (Documenting the Sharia Control Walk-through of Controls Evaluating the Effectiveness of Sharia Compliance Controls Reviewing the Associated Evidences).
- Assist Sampling methodology (Defining the Population Number of locations Sharia Control changes Setting the Sample Size Document the Tests to be performed).
- Assist Reviewing and auditing the selected sample.
- Assist Findings/Exceptions Sheets (Finding/Exception Cause Responsibility SNC/ Impact Working Paper/s RefRecommendation/Policy Reference Management reply & Target Date).
- Comply with any additional tasks which could be assigned by the Team Leader/line management.
Specialist Skills / Technical Knowledge Required for this role:
- UAE nationality.
- Have a university degree in Islamic Sharia or relevant specializations.
- Have a professional certificate in Sharia and Islamic Banking Audit form one of the organizations that support Islamic fiancé like (AAOIFI) and (CIBAFI). (an option)
- Preferable to have a professional certification in auditing issued by an international organization like CIA level 1.
- Arabic & English language
- IT skills
Previous experience:
Fresh graduated or up to 2 years experience.
Required Experience:
Junior IC
Key Skills Administrative Skills,Time Management,Internal Audit,Accounting And Auditing,Leadership skills,Organizational Skill,Accounting & Finance,Business Process Skill,Communication,External Audit,Relationship Management,Strategic Thinking Skills,Team Player Spirit,Budgeting Skills,Problem Solving Skills
Employment Type : Full Time
Experience: years
Vacancy: 1