Job Summary

Conduct Shariah Compliance review under the supervision of Head of Shariah Compliance Department as per approved plan by Shariah board, including

• Islamic Wealth & Retail Banking (WRB) products which includes Saadiq Home Finance, Business Banking products, Pool Management, CASA ( Current Account Savings Account), and Profit and Loss Distribution.
• Saadiq Credit Card and Saadiq Personal Finance
• Islamic Corporate and Investment Banking (CIB) Products.
• Islamic Treasury and Finance.
• Verification of distribution of Profit and loss to the Islamic Depositors prior to its disbursement as per the regulator / Shariah Board instruction / Guideline.

Key Responsibilities

• Responsible for execution and implementation of the enforcement action prescribed by the Shariah Board (SB) (on all the reports of internal Shariah review and extract of SBP’s inspection report on Shariah compliance).
• Provide all the necessary secretariat support to the SB including timely provision of meetings, agenda, working paper, proposals, recording minutes and approval/fatawa issued thereof by the SB member and maintaining proper record of agenda items, minutes and Fatawa along with the rationale issued by the SB.
• Ensure effective tracking, documentation, and implementation of all Shariah rulings (Fatawa) issued by the Shariah Board in line with regulatory and internal governance requirements.
• Coordinate with Human Resources to implement the Islamic Banking Training & Development Policy and assist in the development and execution of the annual training plan related to Islamic banking in alignment with regulatory expectations and internal frameworks.
• Facilitate the review and obtain approval on product structures, process flows, and Department Operating Instructions (DOIs) etc from the Shariah Board.
• Coordinate the collection of formal signatures from Shariah Board members on Fatawa and related documents to ensure audit readiness and compliance traceability.
• Maintain an organized and comprehensive repository of all Shariah Board approvals, rulings, and signed fatawa for audit, regulatory, and internal reference purposes
• Conduct client visits, where necessary, to validate and finalize Shariah-compliant process flows, particularly in complex or bespoke transactions.
• Conduct physical inspections of Islamic financing transactions such as Murabaha and Musawamah, as and when required, to verify compliance with approved structures and Shariah principles.
• Perform gap analysis between bank policies, products, and processes with Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) Shariah Standards to identify areas of non-compliance and recommend corrective actions.
• Any other task or responsibilities assigned and when required in line with the department objectives and priorities.

Qualifications

Qualified Shariah Scholar who shall meet the criteria of “Academic Qualifications” as prescribed in Annexure-A of the Shariah Governance Framework

About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.

Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.

Together we:

• Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
• Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
• Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

What we offer

In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible working options based around home and office locations, with flexible working patterns.
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.