Officer Islamic Pool Management

This role focuses on creating and verifying Islamic Pool Management for the bank’s Islamic Business Division (IMD). The primary objective is to enhance profitability and manage the Islamic business portfolio through effective financial tools and techniques. The position involves transitioning manual Islamic pool calculations into an automated system within the Core Banking System (CBS), specifically Temenos, while ensuring strict adherence to Shariah principles and regulatory guidelines.

Key Responsibilities

- Automate the Pool Management System in Temenos, reducing manual intervention in Islamic pool calculations.
- Perform data sanity checks on relevant assets and liabilities at both account and product levels.
- Conduct functionality checks throughout the profit execution process for IMD customers.
- Create and verify Pool Management reports generated from Temenos.
- Validate and verify fund and liquidity management in collaboration with stakeholders, ensuring Islamic deposit pool funds comply with Shariah guidelines.
- Maintain optimal liquidity management while maximizing pool profitability.
- Tag Treasury Deal Numbers for accurate fund tracking within relevant pools and reconcile these with source data.
- Ensure Shariah compliance and governance by aligning all fund management activities with Islamic banking principles.
- Collaborate with the Product Management Division (PMD) and Shariah advisory board to validate investment structures.
- Oversee Islamic investments and profit distribution by creating and verifying regular Profit Sharing Ratios (PSR), weightages, and profit rates.
- Announce monthly PSR, weightages, and profit rates.
- Manage maturity cases and encashment transactions with precise reconciliation.
- Maintain transparency in profit-sharing, particularly for Mudarabah deposits.
- Analyze market trends to identify Shariah-compliant investment opportunities.
- Update payout sheets to ensure timely payment processing.
- Maintain and update the cost of funds sheet.
- Prepare acknowledgment letters for tagging special pool customers and track customer acknowledgments through IMD business.
- Compile daily extracted data of Islamic assets (financing and treasury) and liabilities (current accounts, savings accounts, term deposits).
- Report financial risks related to Islamic deposit pools and monitor key performance indicators (KPIs) for compliance and performance.
- Prepare and submit financial records and regulatory reports related to Islamic Pool Management as required.

Required Qualifications

- Bachelor’s degree in Business Administration from Bahria University.

Technical Competency

- Support data sanity checks during the automation process of Islamic Pools management.
- Generate relevant reports and Management Information Systems (MIS) for profit distribution within CBS.

Soft Competency

- Proficient in using PDS-related software and tools provided by the bank.

This position demands a detail-oriented professional with strong analytical skills, a sound understanding of Islamic finance principles, and the ability to work collaboratively with multiple stakeholders to ensure compliance and operational efficiency.