Manager Shariah Audit..

ABL Funds, a prominent asset management company, is seeking a Manager for Shariah Audit to join its Internal Audit department based in Lahore. The role involves ensuring that the company’s mutual funds, pension schemes, and separately managed accounts comply with Shariah principles, regulatory requirements, and internal governance frameworks. The ideal candidate will have a strong background in Islamic finance and audit, with the ability to conduct thorough risk-based audits and support regulatory compliance activities.

Key Responsibilities

- Plan and execute risk-based Shariah audits across various financial products including 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 detailed Shariah audit reports, and communicate observations along with actionable recommendations. Follow up to ensure timely resolution of all audit issues.
- Collaborate closely with the Shariah Advisor to seek clarifications or approvals on audit matters and assist in regulatory inspections and external audit processes.
- Review financial statements, income purification calculations, and disclosures to verify compliance with Shariah requirements before submission to the Board.
- Facilitate regulatory inspections and external auditors by providing necessary information related to Shariah compliance and audit activities.
- Stay updated on the latest Shariah standards and relevant regulatory requirements to ensure continuous compliance and best practices.

Required Qualifications

- Preferably hold a Shariah qualification such as Shahadat-ul-Alamiyah, complemented by professional certifications like ACCA, ICMA, CA, or a relevant master’s degree.
- Possess 5 to 7 years of relevant experience, ideally within the financial sector, with a focus on Shariah audit or Islamic finance compliance.

Required Skills

- Strong understanding of Islamic finance concepts, Shariah principles, and applicable regulatory frameworks.
- Proven ability to apply Shariah and regulatory requirements effectively in audit processes.
- Excellent analytical skills, with the capability to prepare clear, concise reports and maintain thorough documentation.
- High level of professionalism and discretion, with the ability to handle confidential information appropriately.

Preferred Qualifications and Benefits

- Market competitive compensation will be offered to the successful candidate, reflecting their experience and expertise in the field.

This position offers an excellent opportunity for professionals looking to advance their career in Shariah audit within a leading asset management company. Candidates with a strong commitment to Islamic finance principles and regulatory compliance are encouraged to apply.