Qureos Mentor

Riyad Bank

<div>
 
 
 Job Purpose:
 
 
 
 
 To ensure that all products, services, and operations of the bank comply with Shariah principles as per the guidelines provided by the Shariah committee. This role includes monitoring compliance, advising on Shariah matters, and ensuring continuous adherence to Shariah standards.
 
 
 
 
 
 
 
 Job Responsibilities:
 
 
 <ul>
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 Follow policies, procedures that approved by the Sharia Committee of Riyad Bank.
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 Ensure that the procedures are aligned to the Sharia policies that cover all the bank products services provided by Riyad Bank.
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 Follows the day-to-day operations related to own job to ensure continuity of work
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 Ensures the presence of relevant job holders from the bank (Executives) in Sharia committee meetings in order to present and discuss specific issues on the meeting agenda.
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 Monitor and review the bank&rsquo;s products, services, and operations to ensure they comply with Shariah guidelines.
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 Ensure that the policies and procedures related to Shariah compliance are properly implemented and adhered to.
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 Reviews existing products &amp; services and recommends modification, changes to ensure effective compliance with the Shariah resolutions.
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 Develops annual plan for reviewing the controls within the sharia products/services offered by the bank functions and report to the Sharia committee and RCSA periodically.
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 Ensures timely follow-up with the bank for effectively addressing the observations raised by the Internal Audit, Compliance, Risk Management, Business Technology and Internal Control functions through appropriate and timely corrective action.
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 Coordinate with Internal Audit and Risk management functions in ensuring an effective control environment prevails within the Islamic products/services offered by the bank and the related processes.
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 Recommend suitable remedial action for the deficiencies identified during the shariah compliance reviews for business to address the risks effectively in a reasonable timeframe.
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 Follow up with the bank management for closure of observations raised by Internal Audit/External Audit or bank&rsquo;s Risk Management functions by taking appropriate corrective action for mitigating the risk.
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 Extract shariah compliance rules and controls for al Islamic Banking products and services from Shariah Committee resolutions.
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 Assists in the preparation of timely and accurate reports of Riyad Bank to meet company and department requirements, policies and standards.
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 Managing the development and monitor the implementation of policies, procedures, systems and controls, and ensure that all relevant requirements are fulfilled.
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 </ul>
 
 
 
 
 
 
 
 
 Qualification &amp; Experiences:
 
 
 
 
 Minimum Qualifications:
 
 
 <ul>
 <li>
 Bachelor&rsquo;s degree in shariah law, Finance, or a related field.
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 Certification in Shariah Audit or Islamic Finance
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 </ul>
 
 
 Minimum Experience:
 
 
 <ul>
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 Minimum of 4-6 years of experience in Islamic banking and finance, with specific experience in compliance.
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 </ul>
 
 
</div>

Shariah Compliance Sr. Specialist

<div>
 
 
 Job Purpose:
 
 
 
 
 To assist the bank in it`s compliance with shariah principles and shariah committee resoloutions by developing the structures of products to be shariah compliant, and assisting the bank`s departments with shariah matters.
 
 
 
 
 
 
 
 Job Responsibility:
 
 
 <ul>
 <li>
 Follow department policies, procedures and Sharia Guidelines approved by the Sharia Committee of Riyad Bank.
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 Reviews existing products &amp; services and recommends modification, changes to ensure effective compliance with the Sharia research &amp; studies.
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 Ensure compliance to the terms and conditions contained in the forms, contracts, or other legal documentations used in executing the transactions; and the product manual, to comply to shariah principles.
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 Recommend suitable development action for the deficiencies identified during the product life cycle creation.
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 Ensure that the process of developing Islamic banking products for the bank is comprehensive and sufficient in order to reduce the possibility of the committee rejecting Islamic banking products due to its inconsistency with the provisions and principles of Sharia due to improper structuring for the product or insufficient research efforts that the bank has and its failure to understand the legal concepts or unfair presentation of the product In the release or marketing stage.
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 Provide input or advice related to rhe related parties of the bank, such as its legal counsel, auditor, or consultants, on shariah matters to provide the necessary assistance to the requesting party.
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 Provide written shariah committee approvals to all the bank`s departments when required.
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 Contacting clients and providing necessary explanation of structures and products life cycle from shariah perspective in cooperation with RMs.
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 Identify the opportunities for continual improvement of work practices, considering the Sharia best practices of other jurisdictions for effective implementation of Sharia regulations.
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 Ensure the preparation of timely and accurate reports to meet company and department requirements, policies and standards.
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 Complies with all relevant safety, quality and environmental management policies, procedures and controls in order to ensure a healthy and safe work environment.
 </li>
 </ul>
 
 
 
 
 
 Qualification &amp; Experiences:
 
 
 
 
 Minimum Qualifications:
 
 
 <ul>
 <li>
 Bachelor Degree in Islamic jurisprudence or Jurisprudence of transactions or any related field.
 </li>
 </ul>
 
 
 Minimum Experience:
 
 
 <ul>
 <li>
 4 -6 years relevant experience in aspects of Islamic banking
 </li>
 </ul>
</div>

Sharia Advisory Senior Specialist

<div>
 
 
 JOB PURPOSE:
 
 
 
 Manage the team of BA by control and guide the effective development of business requirement in line with business strategy, Support Product Owner in managing backlog and draft Agile user stories.
 
 
 
 
 
 
 AREAS OF RESPONSIBILITY:
 
 
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 Implements approved departmental policies, processes, procedures and provides instructions to subordinates and monitors their adherence so that work is carried out in a controlled manner.
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 Implements the day-to-day operations assigned for the Product Development function to ensure compliance with the established standards and procedures.
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 Provides input for the development of departmental budget and monitors performance against approved levels within own function, ensuring any variances are appropriately addressed.
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 Review BA team and support in Determining the scope and time of work.
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 Ensure the delivery of the Business BRDs from the initiation till the approval of the BRD.
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 Manage the team by coordinating with the different stakeholders from the BU, the broader organization, and customers, to capture input for the requirements.
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 Support the elaboration of Business Case.
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 Identify and define detailed product requirements, use cases, and UAT test cases and assist in translating into test conditions &amp; expected results.
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 Assist Product Owner with User Stories and prepare mockups/ wireframes.
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 Map existing business processes and analyze &amp; design new processes.
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 Define metrics and performance goals for the product.
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 Participate in transitioning the requirements and use cases to solution analysts and designers, and ensure a clear and complete understanding.
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 Follow up and ensure the success of the UAT and resolve or escalate any bottlenecks to the solution analyst, BU leads, or champions.
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 Establish the traceability of requirements to validate the dependencies between the deliverables and the inputs.
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 Manages and assigns the tasks to the BA team.
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 Ensures and facilitates the employment, training and development of Saudi nationals within the organization.
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 Ensures the proper communication with the SAs to ensure the proper delivery of the BRD.
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 Contributes to the identification of opportunities for continuous improvement of systems, processes and practices considering &lsquo;international best practice&rsquo;, improvement of business processes, cost reduction and productivity improvement.
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 Prepares departmental reports of Riyad Bank timely and accurately to meet the bank and department requirements, policies and standards.
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 Represents the function and actively contributes in various committees/meetings (internal and external) as applicable and per authority levels in order to ensure relevant matters are dealt with in a timely and efficient manner.
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 Complies with all relevant safety, quality and environmental management policies, procedures and controls to ensure a healthy and safe work environment.
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 </ul>
 
 
 
 
 
 TECHNICAL KNOWLEDGE AREAS:
 
 
 <ul>
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 Extensive knowledge of banking BT systems and applications.
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 Extensive knowledge of the banking operations and requirements.
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 Excellent project management skills.
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 Business-savvy analyst.
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 Functional, Design generalist.
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 General knowledge in software development.
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 Strong knowledge of the BU.
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 Extensive knowledge of programming languages operating systems relevant to the assigned business area, e.g., UNIX, SQL, java, .NET, Visual Basic, Midas, Moody&rsquo;s, etc.
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 </ul>
 
 
 
 
 
 QUALIFICATIONS &amp; EXPERIENCE:
 
 
 
 Minimum Qualifications:
 
 <ul>
 <li>
 Bachelor&rsquo;s degree in Business, Computer Science, IT engineering or equivalent preferably at a post-graduate level
 </li>
 </ul>
 
 Minimum Experience:
 
 <ul>
 <li>
 8-10 years of relevant experience in banking products &amp; BT applications
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 </ul>
 
 Language:
 
 <ul>
 <li>
 English: Advanced
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 </ul>
</div>

Retail Technology Senior Lead

Join Riyad Bank and explore 3   exciting career opportunities. They're hiring for various roles with options for remote or on-site work. Apply today and become part of their innovative team.

Riyad Bank

ABOUT_COMPANY

Shariah Compliance Sr. Specialist

Sharia Advisory Senior Specialist

Retail Technology Senior Lead