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Arcapita Bank on Tuesday secured a New York bankruptcy judge’s approval of Chapter 11 reorganization plan, allowing it to exit bankruptcy, pay off its creditors and turn over its assets to a new entity that will manage and dispose of them over time. Sixteen months after it entered bankruptcy, the Bahraini investment bank sailed through a confirmation hearing before U.S. Bankruptcy Judge Sean H. Lane with substantial support from creditors and shareholders.

The Islamic Development Bank, in collaboration with the Abdul Latif Jameel Poverty Action Lab (J-PAL) of Massachusetts Institute of Technology (MIT), USA organized a high-level training course on Impact Evaluation of Development Programs taking place at the IDB headquarters from 8 to 12 June 2013. The training program was delivered by renowned experts in the field. Impact evaluation seeks to respond to the growing demand of donors and beneficiaries for measurable results on development interventions carried out by development banking institutions around the world. The training supports IDB's drive to improve the quality of its interventions, and showcase results on the ground. The Islamic Solidarity Fund for Development (ISFD) coordinated the training program in collaboration with the Operations Policy and Services Department (OPSD) and the Group Operations Evaluation Department (GOED) of IDB.

At the 7th IRU Euro-Asian Road Transport Conference, the IRU, the Islamic Development Bank (IDB) and the Arab Union of Land Transport (AULT) unveiled the results of their 18-month joint project, aimed at achieving more trade and profitability, safer roads and faster border control procedures to help the economic integration of the Arab world at regional and global level. The project revolved around three main components: the development of professional training, a Truck Accident Causation Feasibility Study, and the implementation of a road transport facilitation strategy. An appropriate legal framework to effectively facilitate road transport is a prerequisite, as well as the removal of non-physical barriers, such as customs procedures formalities. The development of manager and driver professional training at the international standards was also identifies as key to effectively increase the industry's efficiency and safety.

Job Objective:

Responsible for managing the Foreign Account Tax Compliance Act (FATCA) quality assurance and due diligence functions for all DIB customers in order to properly identify those who hold USA citizenship from others and new onboard.

Job Description:

Perform the Enhanced Due Diligence process for all new and existing clients within DIB in order to analyze the gaps between the current state and the desired state.

Conduct ongoing EDD for non-USA customers to properly identify those who became USA citizen afterwards, as well as for USA citizens who are no more classified as USA citizens.

Work within the regulatory framework laid for FATCA, and coordinating the development of due diligence and processes to ensure optimum compliance.

Control assessment methodologies, conduct independent reviews and assist with the remediation of findings from regulators.

Manage due diligence remediation efforts in response to regulator and internal audit findings, enforcement action assistance, creating action plans for remediation activities.

Monitoring and implementing due diligence remediation activities, and reporting to and interfacing with regulators.

Job Description

Job Objective:

To review the bank’s new product programs, policies, procedures, cycles re-engineering, and any amendments thereof to ensure efficiency & effectiveness of processes & controls.

Job Responsibilities:

Represent RMG in the committees formed for launching new products, process cycle re-engineering, new policies & procedures development, and any subsequent amendments thereof in order to share proposals and concerns as well as suggestions to mitigate the identified risks.

Review drafted new product programs, policies, procedures, proposed memos in order to highlight gaps in controls & inefficiency in process flows.

Liaise with stakeholders in order to discuss areas of concerns, assess overall residual risks of unresolved concerns & recommend for enhancement.

Follow up with the concerned departments for the revision of the policies & procedures in order to present changes for stakeholders’ review and document changes through the Policy & Procedures Dept.

Assist Risk Management in identifying the inherent risks that exists in the bank’s processes in order to share them with stakeholders.

Job Responsibilities:

Manage the daily activities and responsibilities of staff involved in the Syndicate/Agency functions & facility set up.

Maintain effective diary system so that all time bound actions are taken without any lapse.

Maintain all real and shadow accounts related to syndication operation with full details.

To supervise the processes of Asset Distribution transactions

Authorize/approve release of facilities as a authorizer.

Arrange to set up various Escrow, project, collection, incomes accounts to manage structured facilities. Review daily reports/exceptions/irregularity and inform the manager of any deviations for corrective actions.

Monitor performance of team and exercise appropriate control measures.

Assist in monitoring and valuing the security/collateral on a regular basis to ensure that any shortfall in security is immediately recognized and reported for rectification by Business Departments.

Manage and resolve the operational problems by probing into the issues and corrective steps to avoid reoccurrence.

Within delegated authority, authorize to approve release of limit in system.

Current Company Logo
Senior Risk Management Specialist (Credit Risk)

Islamic Development Bank - in Jeddah (Saudi Arabia)
Job Description

The candidate should be able to:

Participate in the development and update of credit risk management guidelines, policies, procedures, methodologies, and models, which have direct impact on risk management function.
Undertake the country risk assessment exercise including the application of associated quantitative and qualitative scoring model, and preparation of country risk report.
Undertake risk assessment of financial/investment operations related to projects, corporates, financial institutions, equities, funds, etc. including the application of associated quantitative and qualitative scoring models, and independent review of due diligence, financing terms and conditions, risk mitigation, security package, and assignment of exposure limits.
Participate in due diligence mission related to financing and investment operations.
Monitor adherence to guidelines and policies at the Group level, report on deviation, and recommend on corrective actions.

*JOB PURPOSE:

Responsible for the tasks related to Job Classification & Design including Org. Structure review, job families categorization, position description writing, titles analysis and job evaluation methodologies.

* KEY ACCOUNTABILITIES:

1.Organization Structure Design

• Able to critique organization structure changes requests
• Understands overlays between functions and is able to identify clear differentiations
• Recognizes and design org structures from a process point of view
• Oracle system understanding in terms of organization creation, position creation and hierarchal updates

Job Description

Deliver assigned financial objectives (Revenue, Assets (funded and non funded) and Deposits targets)
Develop sustainable and economically feasible relationships with customers
Enhance share of wallet for the existing relationships
To solicit & develop Corporate banking relationship customer base.
Deepening customer Relationship by providing financial solutions & banking services required to meet individual customer’s business needs.
Ensuring prudent & profitable customer portfolio for the bank.
Understanding of customer’s business & industry trends, that would help identify adversities and its implication to the bank.

Job Objective:

To provide under the supervision and guidance of the Head of Legal and Line Manager in depth legal advice and support to the Bank and its subsidiaries in the achievement of their daily business requirements.

Job Responsibilities:

Advice internal clients on the best possible legal structure of a transaction, participate in the negotiation with counterparties, structure the deal and prepare documentation, drafting and reviewing contracts, agreements, powers of attorney and all other legal documents.

Provide legal support and service to the business units under the guidance and direction of HOD and Line Manager.

Job Description

Key accountibelites

Ensure and complete contracting requirements

Coordinate with legal dept, to approve legal contents

Supervisees and direct all the work of the contract and purchasing dept, assuring of the effectiveness and adherence to producers

Prepare the draft , revision and confirmation of contracts and legal documents. As when needed

Orientation of contracts ,legal documents and legal advice, towards protection of bank’s interests

Ensure that legal advice, contracts and recommendations are in conformity with statutes

Managing a diverse portfolio of accounts
Accept responsibility for achieving targets set
Analysing and managing their credit requirements
Identify new clients needs that can be fulfilled using the bank's product & services offering and grow portfolio in terms of revenue and volume to achieve sales targets
Monitor financial health of the portfolio and assist in managing the credit risk of the entire portfolio
Manage the service experience of the customer

Identify potential customers through databases, cold calling, follow up leads and telephone/personal contacts etc.
To sell Personal finance products to the specified target customers/segments and meet monthly sales targets.
To contact potential customers and convince them about the bank’s product offerings.
Major accountability for a Relationship Officer is to ensure that business is solicited as per the Shariah guidelines/process.
Ensuring that the conclusions on all the business sourced on Telesales leads, should be reported to ARM/RM.

To assist in formulation/implementation of credit policies by maintaining a log of all policy related changes/amendments, preparation of various MIS reports/presentation, conducting policy trainings to sales channels, target market enlistment & record maintenance, conducting quality assessment review as per bank’s policy and procedures.

My client is known as one of the leading Islamic Investment banks in the world. They are known to hire only the top talent.
They have retained our services in the search for a Senior Investment Analyst to join them in Qatar.

Duties and Responsibilities

You will be responsible for:

Extensive research and analysis of the investment portfolios of individuals or companies

Research on large company investment portfolios.

Analyzing account statements and cash flow.

Our client is an Islamic wholesale bank they are recognised as an industry leader in banking. They are currently looking for a talented Chief Risk Officer to join their team in Bahrain.

Duties and Responsibilities

You will be responsible for:

Ensuring compliance with local and internation regulations.

Manage the risk profile for the bank

Assessing, identifying, monitoring and reducing risks that could impact the business

Experience and Qualifications.

Minimum of 10 years' experience in a risk management position

[...]

Responsible for developing, launching and managing Retail products and services. Enhance the Bank’s profitability by maximizing profitability of existing products and services through continuous monitoring and ensuring that the products under management are positioned competitively and their related operations are maintained efficiently and cost effectively. Drive all new products and services initiatives from conceptualization till launch to deliver superior customer value and open new avenues for revenue generation for the Retail Banking.
Develop and manage Sharia’s compliant products and services with the objectives to increase profitability, customer base and market share.

Under the supervision of the HOL, the Legal Counsel will be in charge of:
-Reviewing, drafting, negotiating and advising on the structuring and developing of master legal documentation for Islamic derivative products, including but not limited to, structured Islamic options, profit rate swaps, cross currency swaps, FX swap, FX options and other derivative products. This will involve working directly with the business teams, Islamic banking team and with other legal teams (some of which are located outside of the Gulf region).

Corporate Analyst Officer – Salalah Branch, Islamic Banking

•Maintenance of lending portfolio aimed at quality customer service and maximizing contribution to Maisarah profitability.
•Analyzing financial statements, business processes of customers and preparing credit proposals as per standards defined by Maisarah Islamic Banking.
•Recommend facilities / excesses to the appropriate authority /Management as per authority matrix for approval through defined channels.

Responsible to ensure timely & prompt preparation of all Finance reporting within Bank for MIS purposes and to external authorities for Regulatory purposes. Ensure all transactions are complied with IFRS, AAOIFI and local regulatory requirements. Ensure reconciliation of all bank’s reconciliation via NOSTRO accounts, CBO, and Inter Branches etc. Responsible to update bank’s General Ledger and Chart of Account. Review of Bank’s financial performance and its comparison with approved budget. Ensure timely and accurate charging of Fixed Assets Depreciation, staff salaries payments & bills payments etc. Assist Financial Controller in managing day to day Finance Department operations.