As the Head of Accounts - Islamic Banking, you will be responsible for leading and driving the strategic direction of the Islamic banking division within the bank. You will oversee the development and implementation of innovative Sharia-compliant banking products and services while ensuring alignment with the bank's growth objectives and regulatory requirements. This role requires a dynamic leader with extensive experience in Islamic finance, risk management, and business development to successfully lead a high-performing team, deliver exceptional customer experiences, and contribute to the bank’s profitability.
Financial Oversight and Compliance:
• Oversee the accurate balancing of books of accounts, ensuring integrity in financial records and strict compliance with both internal policies and relevant regulations (e.g., local, international, and Shariah-compliant standards).
• Ensure the accurate computation and timely distribution of profit and loss to depositors, ensuring that all Sharia-compliant processes are adhered in the execution.
Asset Management and Tracking:
• Supervise the tagging and movement of financing/investment assets, ensuring accurate tracking, alignment with financial goals, and proper categorization within the Islamic Banking portfolio.
• Implement a robust system for the movement and monitoring of assets to ensure both operational and financial transparency.
Financial Pool Management:
• Manage the creation, oversight, and allocation of special financial pools, ensuring effective financial management, optimized returns, and compliance with Shariah principles.
• Coordinate the distribution of returns from these pools, ensuring equity and alignment with the bank’s financial policies & Islamic banking guidelines.
Income & Expense Allocation:
• Supervise the allocation of income and expenses within the Islamic Banking division, ensuring alignment with internal policies, Sharia compliance, and financial regulations.
• Regularly review and adjust allocations based on performance, market trends, and the bank’s financial goals inline with shariah compliance.
Systems Implementation and Optimization:
• Lead the implementation of Islamic Banking processes within the bank’s systems, ensuring integration with core banking platforms, automation, and optimization of key operational functions.
• Collaborate with IT teams to ensure the accuracy, reliability, and compliance of system processes relating to Islamic financial products.
Budgeting, Forecasting, and Strategy:
• Assist in the budgeting and forecasting process for the Islamic Banking division, providing strategic input and recommendations based on market trends, financial goals, and performance.
• Contribute to long-term strategic financial planning, ensuring that financial objectives are aligned with both the bank's overall goals and Shariah-compliant operations.
Team Leadership and Development:
• Lead and manage a high-performing team, ensuring clear roles and responsibilities, providing ongoing guidance, support, and training on Islamic Banking to ensure efficient execution of tasks.
• Foster a culture of collaboration, excellence, and continuous improvement.
Process Improvement and Workflow Optimization:
• Streamline key financial processes, identifying areas for workflow optimization, ensuring tasks are completed within deadlines, and are in line with bank’s objectives.
• Focus on continuous process improvement and performance tracking, ensuring that the Islamic Banking division remains agile and responsive to changing market conditions.
Strategic Problem Solving and Leadership:
• Address complex financial challenges, providing strategic recommendations to senior leadership, ensuring informed decision-making on all key financial matters.
• Lead by example in solving operational and financial issues, collaborating cross-functionally to provide solutions.
Ad Hoc Assignments:
• Take on any additional official assignments as directed by senior management, ensuring that all tasks are aligned with the bank’s objectives, Sharia compliance, and financial goals.
1. Education: CA/CA finalist/ ACCA/ Masters with degree/certification in Islamic banking.
2. Experience: Minimum 7-9 years of experience of Islamic Banking
3. Strong knowledge of AAOIFI standards, IFRS, and regulatory requirements for Islamic financial institutions.
Soft Skills:
• Strong leadership, decision-making, and problem-solving abilities.
• Excellent communication and stakeholder management skills.
• Ability to work in a fast-paced and dynamic environment.
Statements in this document are intended to reflect, in general, the role and responsibilities of the position, but are not to be interpreted as totally inclusive.
Job Locations:
Head Office
About MMBL:
Mobilink Microfinance Bank Ltd. is providing banking services to over 42 million registered users including 16+ million monthly active customers across Pakistan. With a hybrid model that combines traditional microfinance with mobile/digital banking technologies, the bank now operates with over 100 branches and 200,000 branchless banking agents and provides a USSD (GSM) based digital channel offering savings, micro enterprise (MSME) loans, small housing loans, remittances, collection (utility bills and loan installments), mobile wallets, insurance, G2P, B2B & B2P payments; thus, playing a leading role in the promotion of financial inclusion.
MMBL is committed to fostering a positive and productive workplace, and our core values reflect this focus. These values include promoting innovation and entrepreneurship, encouraging teamwork and collaboration, and prioritizing a customer-centric approach in all aspects of our business.
Why Join MMBL ?
This is an opportunity for someone who is passionate about making a difference and playing a key role in driving transformative change. Our team is committed to empowering millions with the tools necessary to succeed in the digital age, and we're looking for a talented individual to join us in this endeavor.