Manager Shariah Audit..

ABL Funds, a prominent asset management company, is seeking a Manager Shariah Audit to join its Internal Audit department based in Lahore. The role involves ensuring that all mutual funds, pension schemes, and separately managed accounts comply with Shariah principles and relevant regulatory frameworks. The successful candidate will play a critical role in maintaining the integrity of Shariah compliance through thorough audits, reporting, and collaboration with internal and external stakeholders.

Key Responsibilities

- Plan and execute risk-based Shariah audits of 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 any issues identified.
- Liaise with the Shariah Advisor on matters requiring clarification or approval, and provide support during regulatory inspections and 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 auditors by providing necessary information related to Shariah compliance and audit activities.
- Stay updated on the latest Shariah standards and regulatory requirements to ensure ongoing compliance and best practices.

Required Qualifications

- A Shariah qualification such as Shahadat-ul-Alamiyah is preferred, complemented by professional accounting or finance credentials like ACCA, ICMA, CA, or a relevant master’s degree.
- A minimum of 5 to 7 years of experience in a related field, ideally within the financial sector, with a strong focus on Shariah compliance and audit functions.

Required Skills

- Solid understanding of Islamic finance principles, Shariah guidelines, and applicable regulatory frameworks.
- Proven ability to apply Shariah and regulatory requirements effectively within audit processes.
- Strong analytical skills, with the ability to produce clear, concise reports and maintain thorough documentation.
- High level of professionalism and the ability to handle sensitive information with confidentiality.

Preferred Qualifications and Benefits

- Candidates with a combination of Shariah expertise and professional financial qualifications will be highly regarded.
- The position offers a market-competitive compensation package reflective of experience and qualifications.

This role provides an excellent opportunity for professionals seeking to advance their career in Shariah audit within a leading asset management company. The successful candidate will contribute significantly to the company’s commitment to Shariah-compliant financial management and regulatory adherence.