Manager Islamic ALM

Job Details

Job Purpose:

The Islamic ALM Manager will be responsible for managing the organization’s asset and liability portfolio to ensure optimal financial performance while adhering to Sharia principles. The role involves analyzing financial data, developing strategies to manage risks, and ensuring compliance with regulatory requirements and Islamic finance guidelines

Reports directly to: Senior Vice President, Treasury & investments

Key Responsibilities:

1. Asset and Liability Management: – Develop and implement strategies for managing the organization’s assets and liabilities in line with Islamic finance principles. – Monitor and analyze the balance sheet to ensure proper alignment of assets and liabilities- Develop and implement strategies to reduce cost of liabilities and increase profits from assets. – Ensure the use of Islamic financial instruments (e.g., Sukuk, Ijarah, Murabaha) to manage liquidity effectively.

2. Risk Management: – Identify, assess, and manage all market risks related to profit rates, liquidity, and currency fluctuations. – Develop and implement risk mitigation strategies in compliance with Sharia principles. – Conduct stress testing and scenario analysis to evaluate the impact of various risk factors which affects the organization’s financial position. – Monitor and manage regulatory ratios, ensuring compliance with Islamic financial standards

3. Financial Analysis and Reporting: – Prepare comprehensive financial reports and presentations for senior management and stakeholders. – Monitor and calculate all relevant regulatory ratios – Analyze financial performance and provide and provide actionable recommendation for improvement

4. Stakeholder Collaboration: – Collaborate with various departments, including finance, risk management, and product development, to align organizational objectives. – Build strong relationships with external stakeholder with external stakeholders, including regulators, auditors, and Sharia advisors. – Actively participate in discussions, consultations, and updates from organizations like (AAOIFI, ISFB)

Competency Profile

  • In depth knowledge of Islamic finance products and principles
  • Strong analytical and problem-solving skills
  • Ability to work independently and part of a team
  • Proficiency in financial modelling and risk management tools
  • Outstanding communication and interpersonal skills
  • Minimum 7 years’ experience in local, regional or foreign Bank Treasury
  • Bachelor’s degree in finance, Economics, Islamic Finance or a related field