Manager Shariah Audit.

ABL Funds, a leading asset management company, is seeking a Manager Shariah Audit to join its Internal Audit department based in Lahore. The ideal candidate will be responsible for ensuring that the company’s mutual funds, pension schemes, and separately managed accounts comply with Shariah principles, the Shariah Governance Framework, and applicable SECP regulations. This role requires a detail-oriented professional with strong knowledge of Islamic finance and regulatory standards, capable of conducting thorough risk-based audits and collaborating effectively with internal and external stakeholders.

Key Responsibilities

- Plan and execute risk-based Shariah audits across mutual funds, pension schemes, and separately managed accounts, ensuring adherence to Shariah principles, the Shariah Governance Framework, and SECP regulations.
- Document audit findings comprehensively, prepare Shariah audit reports, and communicate observations along with actionable recommendations.
- Monitor and follow up on the timely resolution of audit observations to maintain compliance standards.
- Liaise with the Shariah Advisor to seek clarifications or approvals on audit matters and support regulatory inspections as well as external audits.
- Review financial statements, income purification calculations, and disclosures to verify compliance with Shariah requirements before submission to the Board.
- Facilitate regulatory inspections and external audits by providing necessary information related to Shariah compliance and audit processes.
- Stay updated on current Shariah standards and regulatory requirements to ensure ongoing compliance and best practices.

Required Qualifications

- Preferably holds a Shariah qualification such as Shahadat-ul-Alamiyah.
- Professional accounting qualifications such as ACCA, ICMA, CA, or a relevant master’s degree are essential.
- A minimum of 5 to 7 years of experience in a related field, with preference given to candidates from the financial sector.

Required Skills

- Strong understanding of Islamic finance, Shariah principles, and relevant regulatory frameworks.
- Proven ability to apply Shariah and regulatory requirements effectively within audit functions.
- Excellent analytical skills, with the ability to prepare detailed reports and maintain accurate documentation.
- High level of professionalism and the ability to handle sensitive information with confidentiality.

Preferred Qualifications and Benefits

- Candidates with combined Shariah and professional accounting qualifications will be highly regarded.
- A competitive market-based remuneration package will be offered to the successful candidate.

This position offers an excellent opportunity to contribute to the integrity and compliance of Shariah-compliant financial products within a reputable asset management company.