The Nations Bank, National Bank of Pakistan (NBP) aims to support the financial well-being of the Nation along with enabling sustainable growth and inclusive development through its wide local and international network of branches. Being one of the leading and largest banks of Pakistan, National Bank of Pakistan (NBP) is contributing significantly towards socio-economic growth in the country with an objective to transform the institution into a future-fit, agile and sustainable Bank.

In line with our strategy, the Bank is looking for talented, dedicated and experienced professional(s) for the following position in the area of Compliance based at Karachi.

The individuals who fulfill the below basic-eligibility criteria may apply for the following position:

• Shariah Compliance Officer (SCO) (OG-II)
• Reporting to Head Shariah Compliance

Outline of Main Duties / Responsibilities
• To ensure compliance of Islamic Banking operations with fatawa / guidelines issued by the Shariah Board and regulations / guidelines issued by SBP
• To conduct Shariah Compliance Review of Islamic Banking departments / functions, including Treasury, Financing Portfolio and Pool Management as per Shariah Board-approved plan
• To ensure all marketing collaterals and material are Shariah Compliant
• To coordinate with SBP Inspection Teams, Shariah Audit Team (external and internal) to ensure effective Shariah Compliance as per Shariah Governance Framework
• To review Credit Approval Memos for final sign-off by Head Shariah Compliance Department
• To prepare response on queries raised by the Management over Shariah- related issues assigned by Head Shariah Compliance
• To respond to the queries raised from Islamic Banking Branches from all over Pakistan, including Shariah-related issues, premature TDR calculation
• To follow up and review SCR Reports Rectification status submitted by Islamic Banking Branches and other departments
• To develop Shariah Compliance Framework for all areas of Islamic banking operations and devise a proper Shariah Compliance Review Manual and checklists covering all aspects of Shariah compliance review mechanism comprehensively
• To facilitate and ensure that all the organs of Shariah Governance are operative and are effectively undertaking their respective functions as defined in the Shariah Governance Framework
• To monitor and ensure compliance of operations with rules and principles of Shariah, SBP instructions and Shariah Board fatawa / guidelines on an ongoing basis
• To conduct Shariah Internal Control Review of all Business Units, Branches, and other Islamic Banking—Head Office based departments and prepare periodic report based on the Shariah Compliance Review on overall Shariah compliance environment
• To update and prepare compliance status of the Shariah Compliance Review reports until resolution
• To assist Islamic Banking Group in executing the enforcement actions prescribed by the Shariah Board
• To review policies, process flows and monthly profit & loss calculations and mark comments for supervisors' review
• To review pool management functions pre-distribution of profit & loss calculations to customers
• To review IT systems related to financing products and liability products-UAT
• To conduct and attend meetings with various internal and external parties over Shariah Compliance, product structuring and system analysis
• To perform any other assignment as assigned by the supervisor(s)

Assessment Interview(s)
• Only shortlisted candidates strictly meeting the above-mentioned basic eligibility criteria will be invited for panel interview(s)

Employment Type
• The employment will be on contractual basis for three years which may be renewed on discretion of the Management. Selected candidates will be offered compensation package and other benefits as per NBP Bank's Policy / rules.

Place of posting
• Karachi

Qualification:

• Minimum Graduation or equivalent from a local or international university / college / institute recognized by the HEC
• Candidates having Master's degree in Islamic Banking / Finance or ACCA / CA Part Qualified or having related Certification / Diploma or Specialization in Islamic Finance or Jurisprudence (Fiqh Ul Muamlat) from recognized university / institutes will be preferred

Experience
• Minimum 1 year of relevant experience in Banking and / or Dar-ul-ifta and / or Shariah Advisory Firm

Other Skills / Expertise / Knowledge Required
• Strong interpersonal, communication and analytical skills
• Command in Microsoft Excel and Content writing
• Understanding of Shariah Law as applied to Commerce and Banking and regulation issued by SBP from time to time

Employment Type:

This job offered by National Bank of Pakistan (NBP) is a Contractual position. Most of the jobs on contractual positions are renewed depending the need and performance of the employee.

Applications begins on:

The interested candidates/ job seekers can apply for the post of Shariah Compliance Officer (SCO) (OG-II) at National Bank of Pakistan (NBP) from November 19, 2023

Last Date to Apply:

The last date to apply for the post of Shariah Compliance Officer (SCO) (OG-II) at National Bank of Pakistan (NBP) is December 01, 2023.

How To Apply:

• Interested candidates may visit the website www.sidathyder.com.pk/careers and apply online within 10 working days from the date of publication of this advertisement as per given instructions.
• Applications received after due date will not be considered in any case.
• No TA / DA will be admissible for interview.
• We are an equal opportunity employer
• Women, Minorities and Differently-abled Persons are encouraged to apply