Assistant Internal Shari’a Auditor

About the Role
The Assistant Internal Shari’a Auditor is responsible for assisting in the assessment of compliance with Shari’a rules and principles throughout the internal audit assignments. This role aims to provide reasonable assurance to management that Shari’a risk is managed to an acceptable residual level.

Key Accountabilities

• Adhere to:
  • The AAOIFI Standards.
  • The CBUAE HSA Resolutions
  • the company- ISSC’s Resolutions
  • The Institute of Internal Audit Standards, including independence, objectivity, proficiency, and performance of audit work.
  • The Internal Shari’a Audit objectives, mission, and vision.
• Assist in effectively carrying out internal Shari’a audit assignments based on a risk-based Shari’a audit approach defined by line management and in consultation with the team leader.
• Responsibilities include:
  • Collaborating with the team leader to visit departments/units subject to Shari’a Audit for preliminary surveys, which include familiarization, identifying potential areas for improvement, confirmation, and planning detailed audits.
  • Assisting in compiling, reviewing, and summarizing resolutions from the Higher Shari’a Authority (CBUAE) and the company Internal Shari’a Supervisory Committee (ISSC).
  • Reviewing policies and procedures related to processes and products.
  • Developing and reviewing the Shari’a Audit Program and identifying areas of Shari’a Non-Compliance Risks.
  • Identifying and evaluating Shari’a Non-Compliance (SNC) Risks through prioritization, quantification, and assessment.
  • Listing Shari’a audit requirements and reports.
  • Assisting in risk assessment for finance products (Assets) using an evaluation framework.
  • Supporting sampling methodology for audit testing.
  • Preparing authority letters.
  • Forming Shari’a audit assignment teams including team leaders and members.
  • Utilizing Shari’a Risk and Control Analysis to determine the audit approach, documenting controls, and evaluating the effectiveness of compliance measures.
  • Reviewing and auditing selected samples, documenting findings, exceptions, and management replies with target dates.
  • Complying with additional tasks assigned by the team leader or line management.

Specialist Skills / Technical Knowledge Required

• UAE nationality.
• A university degree in Islamic Shari’a or relevant specializations.
• A professional certificate in Shari’a and Islamic Banking Audit from relevant organizations (optional).
• Preference for a professional certification in auditing issued by an international organization, like CIA level 1.
• Proficiency in Arabic and English.
• Strong IT skills.

Previous Experience

• Fresh graduates or candidates with up to 2 years of experience.