Job Summary

The Shariah Secretariat and advisory function in Malaysia is tasked with fostering engagement and coordinating good relationship with the Shariah Committee (“SC”) and stakeholders. It oversees meeting arrangements, SC appointments, re-appointment and termination processes, and ensuring active participation from SC members.
The function supports the Bank’s adherence to best practices by providing necessary Shariah guidance to
relevant stakeholders and promoting Shariah awareness among stakeholders. 

This role is also a dedicated staff for Finance to perform timely and accurate financial and management reporting to Saadiq Management team and various stakeholders, daily monitoring of Intragroup SCEL, support for other key finance deliverables eg. ICAAP, BNM stress testing, Board Paper as well as assisting in budget setting and execution.

This role reports to Head of Shariah Department, Standard Chartered Saadiq Berhad. 

RESPONSIBILITIES

•    Responsible for managing the Shariah Secretariat and advisory function to ensure compliance with the highest standards of Shariah guidance.
•    Manage affairs related to SC including organizing Shariah meetings, SC's training, managing appointments, re-appointment and termination process, SC’s annual background screening and annual assessment, liaising with SC members to obtain approvals, preparing minutes and ensuring timely payment of dues of SC members.
•    Ensuring proper dissemination of decision or advice of the SC within the Bank.
•    Assist to drive the Shariah agenda by working with Head Shariah. This includes maintaining relationships, ensuring consistency of relevant standards and inculcating Shariah awareness.
•    Maintain independence, deliver timely responses, and timely escalation of Shariah risks and issues.
•    Interact with Shariah teams in the Group where necessary.
•    Maintain constructive and effective relationships with relevant Business Heads and other functional stakeholders.
•    Maintain proper record related to the SC’s approval and SC related matters.
•    Prepare monthly financial, regulatory and management reporting to Saadiq management team and various stakeholders.
•    Prepare monthly PSIA report and daily PSIA funding monitoring.
•    Daily monitoring of Intragroup SCEL.
•    Support for other key finance deliverables - ICAAP, BNM stress testing, Board Paper

Strategy

•    Support and implement the vision, strategy, direction and leadership of Head Shariah.
•    Promote the culture and practice of adherence to Shariah standards (including conducting business within regulatory requirements and requirements set by SC).
•    Provide input to develop and execute Saadiq business strategy.
•    Understand how changes in internal factors (such as changes in credit appetite/FTP, etc.) and external factors (e.g. regulatory changes, macro-economic factors) affect the business performance, shape and proactively manage the impact of changes to improve ROE.

Key Responsibilities

Business
•    Build and maintain an effective and constructive relationship with all key business and functional stakeholders that is based on trust, capability and integrity, providing timely, responsive and quality Shariah advice and guidance to enable the business and functions to meet/achieve their strategic tactical objectives.
•    Provide Shariah advice, analysis (and challenge when appropriate) in relation to the full product life cycle including product design.
•    Work closely with the business to provide timely Shariah advice to ensure the transition to pro-active and pre-emptive Shariah risk mitigation.
•    Develop and provide on-going performance measurement and strategic decision-making support for
             the Management Team/senior leaders/ assigned country/group teams to ensure robust business plans.
•    Manage data and information support of key strategic business plans, cost efficiency targets and other key initiatives and ensure valuable insights into the drivers of business performance and costs.
•    Monitor and evaluate the performance, progress and implementation of these key business initiatives, highlight risks, opportunities and actions needed.
•    Provide a consolidated picture of the managed business budgets, drive budget accountability via use of balanced scorecards and review and challenge trends.
•    Produce timely management reporting, business performance statistics, and insightful analysis to facilitate business in monitoring performance & planning.

Processes
•    Responsible to ensure the smoothness of SC meeting including preparation for pre, during and post meeting.
•    Continuously review assigned processes, systems and data, develop and drive improvements and
leverage all available applications to deliver quality MIS and business analytics.

People & Talent

•    Proactively create awareness among stakeholders on Shariah compliance culture.

Risk Management

•    Ensure effective management of Shariah matters, and in collaboration with the rest of the Shariah staff and Islamic business, effectively manage Shariah issues that have an impact on the Bank.
•    Collaborate with the Shariah teams and the broader Islamic Banking business to anticipate horizon Shariah risks that may have a significant impact on the Bank.

Skills and Experience

Governance

•    Where needed, assist in developing and recommend (for approval by the relevant Committees), appropriate Shariah standards, policies and procedures.
•    Ensure appropriate product Shariah governance measures are in place so that product approval documents reflect all relevant Shariah requirements.

Regulatory & Business Conduct

•    Display exemplary conduct and live by the Group’s Values and Code of Conduct. 
•    Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines, fatwas and the Group Code of Conduct.
•    Assist Shariah team to achieve the outcomes set out in the Bank’s Conduct Principles: Fair Outcomes for Clients; Financial Crime Prevention; Creating the Right Environment.
•    Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and Shariah compliance matters. 

Key stakeholders

•    Shariah Committee (SC) of SCSB
•    Global Shariah Department
•    Internal Audit
•    Shariah Reviewers
•    Business
•    SCB CIB/ WRB Business Head
•    Country Finance
•    SCEL team

Other Responsibilities
Embed Here for good and Group’s brand and values in SCB Malaysia/Standard Chartered Saadiq/Shariah Department; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

Qualifications

•    Bachelor’s degree or Master in Shariah which includes study in Usul Fiqh or Fiqh Muamalat / Islamic Banking and Finance / Islamic Studies / Shariah Law / Islamic Economy/ Accounting with Shariah or related qualification.

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.