AVP- Islamic Products (Emiratised Role)

First Abu Dhabi Bank (FAB)


Date: 1 day ago
City: Abu Dhabi
Contract type: Full time

Join the UAE’s largest bank and one of the world’s largest and safest financial institutions. Our focus is to create value for our employees, customers, shareholders and communities to grow through differentiation, agility and innovation.

We are looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark a top company, in an exciting and dynamic industry. 



Job Description

The AVP, Islamic Products is a key member of the Islamic product team and Shariah compliant product proposition of the organization. He supports the Head of Islamic products with the wide array of products and businesses that are under Islamic Product team responsibilities. He should act as the first point of contact for any Islamic product offering by various areas of the bank with a focus GTB and International offering.

KEY ACCOUNTABILITIES:

  • Take ownership of the overall Islamic GTB product proposition
  • Manage a suite of Islamic Banking products that include both Assets, Liabilities as well as Global Market products
  • Develop new Islamic products based on thorough competition and market analysis as well as client demand to generate new revenue streams for the bank
  • Liaise with various stakeholders to ensure smooth implementation of Islamic products including but not limited to Shariah control and Legal departments
  • Actively work with operations and IT on development and testing of any new system functionality related to Islamic banking products
  • Support Head of Islamic products with all tasks assigned including ad hoc projects or urgent deliverables
  • Preparing and reviewing any SOPs or procedures specific to Islamic products offering
  • Act as the first point of contact for any matter related to Islamic products in the organization
  • Support the Islamic product offering in international locations of the bank
  • Stay constantly updated on the new standards, regulations, competitor’s progress, market trends and customer needs to ensure that the bank remains a market leader in terms of Islamic product proposition
  • Develop training material and provide training on various Islamic products across the bank
  • Work on Islamic window MIS and internal presentations in liaison with internal stakeholders such as IT or Finance
  • Joint visits with business teams to key/sensitive Islamic customers requiring structuring skills and expertise
  • Managing the profitability and performance of Islamic financial products and services, including monitoring and analysing market trends and customer feedback
  • Take ownership for any compliance or audit matter related to the Islamic product team and ensure delivery/closure within the agreed deadlines





Qualifications

  • Bachelor’s degree in economics, finance, Islamic finance, Shariah or any related field
  • 5 years of related experience in Islamic banks or Islamic windows
  • Very good knowledge of Shariah principles, AAOIFI Shariah standards and CBUAE HSA regulations
  • Very good understanding of Islamic contracts and documentation
  • in-depth understanding of Islamic financial products and operational implementation practices and the distinct differences to conventional finance.
  • Financial analysis skills and accounting knowledge
  • Excellent communication skills
  • Ability to work under pressure and with tight deadlines
  • Ability to work effectively with a wide range of internal and external stakeholders

How to apply

To apply for this job you need to authorize on our website. If you don't have an account yet, please register.

Post a resume

Similar jobs

Administrator (UAE Nationals)

Wood, Abu Dhabi
13 hours ago
Job DescriptionRemarkable people, trusted by clients to design and advance the world. The RoleThis is an exciting opportunity for an experienced Project Controls Manager with a proven track record in robust cost and schedule management, ideally coming from a cost control background, to take on a high value portfolio of projects for a high-profile client.Our Clients and Projects Designing the...

Staff Nurse-Tower A6 - Pediatrics Wing

Sheikh Shakhbout Medical City - SSMC, Abu Dhabi
22 hours ago
Job Purpose JOB DESCRIPTION The Staff Nurse is accountable for the coordination of nursing care, including direct patient care, patient/family education and transitions of care. The Staff Nurse supports professional nursing practice across the continuum of care to meet the needs of the patient and family. The Staff Nurse will understand, support and promote the mission, vision and values of...

Manager Transport

Etihad, Abu Dhabi
1 day ago
Synopsis The job is existing in order to manage all transportation activities so as to ensure smooth Etihad operations in terms of “Cabin Crew Transport” operations. In addition, the job holder prepares schedules for Bus Drivers, Transport Coordinators as appropriate. Assist the Senior Manager / Head by monitoring expenditures, maintain work records, time sheets, job reports, plan work operations and...