Posted:Mar 21
By:Hiring Kenya
Company Details
Industry:
Banking
Description:
Kenya Commercial Bank Limited is registered as a non-operating holding company which started operations as a licensed banking institution with effect from January 1, 2016. The holding company oversees KCB Kenya - incorporated with effect from January 1, 2016 - and all KCB's regional units in Uganda, Tanzania, Rwanda, Burundi, Ethiopia and South Sudan. It also owns KCB Insurance Agency, KCB Capital, KCB Foundation and all associate companies. The holding company was set up to among other things to enhance the Group's capacity to access unrestricted capital and also enable investment in new ventures outside banking regulations, achieve operational and strategic autonomy for the Group's operating entities and enhance corporate governance across the Group and oversight in management of subsidiaries.
Job Description
Key Responsibilities
- Conduct a preliminary review of documents and agreements to ensure compliance with the resolutions of the Shari’ah Advisory Council under the supervision of the Shari’ah Manager
- Maintain the Shari’ah Advisory Council working documents (templates, forms, databases, checklists etc.).
- Receive regular MIS and confirmation from the business departments and branches relating to the Shari’ah Compliance of key transactions.
- Review all credit facilities and provide recommendations on structuring of the facilities in accordance with Shari’ah guidelines.
- Measure, monitor, control and manage (under the supervision and guidance of Shari’ah Manager) any real or perceived risk of Shari’ah non-compliance by the Bank across the entire organization including fundamental (or primary) as well as tertiary (or peripheral) activities, operations and functions.
- Review and understand all Shari’ah Supervisory Advisory Council pronouncements, guidelines, instructions, previous internal Shari’ah Audit results, relevant correspondences to be able to conduct reviews of the business.
- Assist Shari’ah Manager to conduct Shari’ah audits, prepare reports and discuss findings with stakeholders
- Assist in providing input, from Shari’ah perspective to various team engagement in product development and systems implementations.
- Assist in attending to customers’ queries related to Shari’ah Matters.
MINIMUM POSITION QUALIFICATION REQUIREMENTS
Academic & Professional
- Education Bachelors degree Shari’ah Law/Islamic Banking RQ
- Professional Qualifications Islamic Banking Certifications AA
- Master's degree Business Administration. /Shari'ah Law AA
Education: Degree, Diploma
Employment Type: Full Time
