Sharia Reviewer & Auditor

Position Title: Sharia Reviewer & Auditor (Saudi Nationals only)

Location: Riyadh

Proven supports equal opportunities for all candidates and is committed to empowering its people through continuous personal and professional development. We foster a collaborative and inclusive environment built on mutual respect, innovation, and a healthy work-life balance. With a strong track record in recruitment, managed services, and workforce solutions, we are proud to be long-term partners in shaping success for both our clients and our employees.

About the client:

Our client is a Saudi-based professional services firm focused on Shari’a advisory and compliance. Their core mission is to support Islamic financial institutions, from banks and FinTech's to insurers and asset managers, in structuring, validating, and auditing products in line with Shari’a standards. They recently acquired a global Shari’a assurance firm, combining deep advisory expertise with rigorous external audit capabilities to offer a full end-to-end Shari’a compliance platform.

Role Overview:

The main purpose of the Shari’a Reviewer & Auditor ("SRA") role is to manage, execute, and assist with all aspects of Shari’a review and audit tasks under Shariyah Review Bureau’s ("SRB") mandate. The SRA will ensure consistent delivery of high-quality Shari’a compliance reviews, product evaluations, audits, and scholarly consultations for SRB’s clients.

The SRA role requires interfacing with clients, Shari’a scholars, auditors, and internal teams to maintain SRB’s standards in compliance management. Additionally, the position involves analyzing and providing Shari’a guidance on financial products, services, and corporate transactions to ensure adherence to Islamic principles.

General Purpose:

The purpose of this position is to:

1. Facilitate operational and advisory tasks in Shari’a review and audit projects.

2. Assist in designing, implementing, and managing compliance programs that align with Shari’a standards.

3. Provide consultation and expert advice to SRB’s clients on Shari’a-related matters.

4. Compile comprehensive reports and assessments for Shari’a audits and reviews.

5. Act as a communication channel between clients, scholars, and SRB’s management for Shari’a compliance and audit services.

Reporting Relationship:

The SRA will report to the Shari’a Review & Audit Manager and may also interact directly with the CEO and other senior management for guidance and support on critical projects.

Dimensions & Limits of Authority:

1. Responsible for the execution and documentation of Shari’a reviews and audits within the assigned scope and timeline.

2. Provide input and feedback on Shari’a compliance issues to internal and external stakeholders.

3. Collaborate with Shari’a scholars and advisors to ensure that decisions align with Islamic jurisprudence.

4. Represent SRB in client meetings or audits, as needed.

Principal Responsibilities:

1. Shari’a Reviews and Audits:

o Perform Shari’a reviews of client products, processes, and services.

o Conduct Shari’a audits to ensure compliance with approved guidelines and standards.

o Analyze and assess Shari’a compliance risks in client operations.

2. Client Support:

o Provide timely and accurate responses to client queries on Shari’a compliance.

o Maintain proactive communication with clients regarding the status of reviews, audits, and product approvals.

3. Reporting and Documentation:

o Prepare detailed Shari’a compliance reports, audit findings, and recommendations.

o Maintain accurate and up-to-date records of reviews, audits, and client interactions.

4. Collaboration with Scholars:

oLiaise with Shari’a scholars and advisors to ensure alignment with Islamic principles.

oAssist in organizing scholarly meetings, maintaining minutes, and documenting outcomes.

5. Training and Development:

o Participate in training programs to enhance expertise in Shari’a compliance and audit methodologies.

o Contribute to training programs for clients and internal teams to promote awareness of Shari’a standards.

6. Policy and Program Development:

o Assist in developing and refining Shari’a review and audit policies.

o Contribute to continuous improvement initiatives to optimize compliance services.

7. Other Duties:

o Address and resolve client concerns regarding Shari’a compliance issues.

o Support the Shari’a Review & Audit Manager in special projects and assignments.

o Perform additional tasks as directed by SRB’s management.

Key Skills & Qualifications:

• Educational Background: Bachelor’s degree in Islamic Finance, Shari’a Studies, or a related discipline; a Master’s degree is preferred.

• Professional Experience: 3-5 years of experience in Shari’a compliance, audit, or related fields.

Technical Skills:

o Strong understanding of Islamic jurisprudence and its application in financial products and services.

o Proficiency in compliance and audit methodologies.

Communication Skills:

o Excellent verbal and written communication skills in English and Arabic.

o Ability to articulate complex Shari’a principles to diverse audiences.

Interpersonal Skills:

o Strong client management and teamwork abilities.

o Capacity to build and maintain relationships with clients and scholars.

Organizational Skills:

o Ability to manage multiple projects and deadlines.

o Attention to detail and a commitment to high-quality deliverables.