IslamicFinance.de

Responsibilities

Team leader Islamic Investment Banking product development.
Responsible in developing, formulating, designing and packaging of innovative Islamic Investment Banking products
Involve in the development of the investment systems i.e. involved in preparation of user requirements, test scripts, and user acceptance testing.
Prepare, review and update manuals.
Preparing project charter, product papers to management.
To conduct training on new/enhanced products
Review and Update Islamic Investment Banking instruments (format & legal terms)

To lead and work closely across product groups and channels to formulate and deliver initiatives for a Multi-Islamic Wealth Management product.

Our client, a leading investment bank is looking for a Senior Islamic Banker to join their dynamic team in Bahrain. The successful candidate, who reports to the Global CEO of Islamic Banking, will be responsible for inception, planning, development and delivery of new Islamic products and product releases to the market in order to meet the overall goals of the bank.

Date: 15 November
Birmingham, West Midlands
£30,000 - £35,000 per annum

IBB is the UK's first FSA approved Islamic bank established Sept 2004. We are a stand-alone, Sharia compliant, retail bank in the UK and aim to provide a friendly, inclusive and personal service for all our customers. Based on the outskirts of Birmingham city centre, we are a small company of professionals with a promise to provide 'banking you can believe in'.

Responsibilities

Responsible for the smooth running of the day-to-day office operations of the branch which includes front line supervision and authorization of banking transactions.
To support the branch in all matters related to operations/sales/marketing and achievement of the branch deposit targets as defined by the Bank.
To maintain close relationship with customers, handle and resolve customers’ complaints and problems and consistently probe clients to identify and compromise for a "win-win“ situation and service fulfillment.

Responsibilities

Plan, manage and oversee the Branch operations towards increasing operational efficiency and profit maximization.
Implement effective sales strategies to ensure achievement of business targets.
Lead and motivate staff to provide quality services at all times.

Gulf Advisors is a rapidly expanding financial and management consultancy group based in Jeddah and operating in Saudi Arabia, U.A.E., Bahrain, Kuwait and Qatar. We are proud to announce that, following the awarding of our Capital Markets Authority licenses, we are currently recruiting for the following positions to be based at our Head Office.

Senior Consultants, Business Development & Project Managers
Ideal applicants will have more than 3 years experience in a relevant consulting organization. They must be strategic thinkers, skilled at interacting effectively with top tier clients. They will be expert at initiating proposals, delivering presentations and maintaining strong client relationships. Preference will be given to applicants with experience in Islamic Banking & Finance, Corporate Finance, or Business Development as well as in Economics or Marketing. Individuals with consulting experience in the Public Sector are also encouraged to apply. Applicants should ideally be available for travel across the region.

Consultants & Business Analysts

Key tasks in this position:
? Perform fundamental security analysis of companies through analysis of financial
statements, sector research, review of outside research and ongoing interaction
with companies.
? Write buy side Coverage Reports and Sector Reports with suitable investment
rationale, valuation comparison, risk assessment, and detailed analysis of potential
profitability and growth.
? Maintain detailed valuation models for companies: DCF, Relative Valuation, Sum of
Parts Valuation, etc., including in-depth financial statement analysis & forecast of
quarterly earnings.
? Prepare composite scorecards for companies based on key metrics; including
liquidity analysis and key revenue drivers.
? Build and update company financial forecast models, and carry out periodic model
audit reviews.
? Conduct macroeconomic & microeconomic country analysis; which includes
studying the industries, sectors, and the competitive landscape.
? Prepare presentations for pitching research ideas and attend analyst conferences.

Job Purpose:

The Director of Distribution and Placement is to oversee the whole department whilst directly
reporting to the CEO.

Brief Description:

This position requires a talented person with a strong placement & distribution backgrounds;
who can roll up his/her sleeves and get the job done.
This person must have solid high level networking (HNW & Institutional) experience along with
excellent product knowledge (technical understanding of investment products).

This role is responsible for developing and growing profitable long-term relationships with Local and International corporates, and Government clients in GCC. The role holder is also responsible for establishing a good understanding of client needs and delivering solutions across Debt Market product lines for the assigned group of multinational and corporate clients, gaining significant business and sustainable returns for the Bank.

SUMMARY OF RESPONSIBILITIES

The CEO is responsible for management of all Amal Group management activities dealing in the areas of money transfers and remittances which is the core business of the group, the general trading, the real estate and Amal Bank the latter in Somalia. The CEO will be responsible for product management, business growth of the product across all target regions, managing quality and consistency of client delivery, controlling agent operations and driving delivery of new products. Performance is judged based on the achieving revenue and profit growth, efficient control of agent operations, customer satisfaction, strong working relationships, ability to drive new products and services, strong decision-making authority and ability to meet time constraints.

Job Description

Reporting directly to the Chief Executive Officer and Shariah Committee, key accountabilities include:-

Provide Shariah consultancy and advisory in overall daily operations of the Islamic Banking business to ensure the business and operations complies with Shariah requirements
Review products, manuals and guidelines to ensure compliance with the revised or updated Shariah rulings or resolutions
Review periodically the Shariah Compliance Framework of the Islamic Banking business to ensure the viability of the framework with the development pertaining to Shariah matters
To develop and review the guidelines for Shariah compliance awareness training
Assume the role of Secretary to the Bank’s Shariah Committee
To undertake research on Shariah matters

Description

· Primary responsibility of this position is to provide intelligent research on IF produced by the recruit himself. This will involve working on some breakthrough research and survey projects.

· In addition, this position will be responsible for collecting and distributing / publishing data and research to different functions within the IF team, within TR and to external bodies, so that the teams can produce the relevant analysis.

· Activities may include: contacting companies, compiling data; maintaining research databases; preparing analysis; applying research to the appropriate areas; adjusting spreads/prices based on analytics and developing relationships with internal and external clients.

· Responsible, under direction, for conducting specific analysis using their judgment, analytical ability, and experience in the financial markets.

Major Role Responsibility

• Responsible for meeting/exceeding business growth targets

• Meets potential new clients and spends substantial time on new business development.

• Analyzes working capital requirements for clients.

• Monitors financial health of the clients.

• Analyzes and target opportunities to increase share of wallet

• Makes frequent visits to clients' offices to establish strong relationships and keep track of developments.

• Proposing enhancements to existing products / relationships.

• Proactively identifies needs of the clients and prepares to cater to these needs when they come.

• Solicit new relationship for the bank, based on approved KPIs and asset targets

[...]

Key Accountabilities:

• Vostro accounts- control the account opening process related to Compliance and AML/KYC function.

• Follow SAMA and banks internal guidelines. Make periodic review of account as well as monitor Transactions.

• Nostro Accounts - Make sure that Al Rajhi AML/KYC questionnaire is in place and updated periodically as per Compliance/SAMA guidelines

• Nostro Accounts Transactions- Attend periodic queries on AML/KYC issues on outgoing transactions especially outward Remittances.

• Coordinate with Remittance/Operation/Compliance to answer the queries. Keep FI RM/AM in the loop

• Correspondent AML/KYC questionnaire and queries Handle the AML/KYC questionnaires in coordination with Compliance/AML-KYC and concerned FI RM/AM.

• Involve Head of FI/AGM if Reputational issue is concerned

• Coordination with Compliance/AML-KYC dept. Continuous contact with them and update FI staff any update received.

• Coordination with Business units (Trade, Treasury, Tahweel, Operation etc.) on Compliance/AML-KYC matters of international in nature.

• Training the FI staff for Compliance/AML-KYC awareness

The Senior Engineer is required to:

· Manage the bank’s credit engineering function.

· Perform forensic audit of running projects.

· Assess costs to complete for distressed projects.

· Maintain high level contact in industry & market.

· Give senior management of the bank timely information on early warning signal / heads up signs etc.

In addition to above, the Senior Engineer’s day to day functions include:

· Assessing a contractor’s technical capability,

· Monitoring the technical progress of the project, and picking up signals of project lag/distress

· Investigate delay in payments of PPCs.

Due to their stability and growth plans, a leading investment bank is seeking an experienced and highly motivated candidate to become their COO of Islamic finance. You will be working very closely with the CEO to support him in managing the global Islamic finance business and will be responsible for preparing, monitoring and tracking global Islamic budgets, revenues and costs.

The role also involves the following:

· Implement a robust revenue tracking mechanism globally for the Islamic business

· Manage all operating activities of the business such as Operational risk, HR and staff, audit, budgeting and finance

· Prepare strategy papers and presentations for senior managers

· Prepare presentations for the CEO of Islamic banking for internal and external audiences including industry forums, research analysts and media/press

Saudi Arabian NCB Capital is about to launch a range of Irish-domiciled Islamic mutual funds. This way the company is broadening its investor base and tries to appeal to emerging market investors. The company manages US$12.1bn worth of assets. It has launched two funds investing in Saudi Arabian and GCC equities. NCB's plans include the launch of other funds including one that will invest in sukuk.

Kuwaiti T'azur Takaful Insurance Company has been assigned a first-time Ba1 insurance financial strength rating (IFSR) with a stable rating outlook by Moody's Investors Service. The rating is a reflection of the company's good market position within the domestic Takaful market. Its market share is about 8% which puts the company on the 5th position in terms of Takaful contributions. In the last two years T'azur has been growing rapidly - with growth rates of 44% in average.

It is expected that in the next 10 to 15 years Islamic Finance will offer significant opportunities for growth and diversification. Tharman Shanmugaratnam - Singapore's Deputy Prime Minister and Minister for Finance - expressed his optimistic attitude towards the prospects of Islamic finance. He pointed out that Islamic financial institutions have largly escaped significant damage in the global financial crisis as one of the main reasons for his attitude. In addition, he explained that this financial area has the opportunity to diversify into new growth areas such as trade and infrastructure financing in Asia and the emerging markets.