Head of Islamic Banking
On-siteTokyo, Tokyo, Japan
Job Summary
Lead and manage SMBCMY's Islamic Banking Department, overseeing Shariah Advisory, Secretariat, Research, Risk, Product Development, and Operations. Direct Islamic Banking Window and International Currency Business Unit activities while coordinating product documentation with regulators and the Shariah Advisor. Develop marketing strategies to expand the corporate client base and drive cross-border transactions in sukuk, trade finance, and project finance. Structure and execute Islamic Finance deals, manage key client relationships, and serve as the primary liaison to regulators and the Board. Ensure full compliance with FSA, BNM regulations, and Shariah Governance Frameworks, including timely remediation of non-compliance risks. Oversee regulatory reporting, audit findings, and the robust control framework for credit, operational, and reputational risks. Manage a team of 15+ years of experience, reporting directly to Senior Management.
Required Qualifications
- Degree or professional qualification in Finance, Banking, Business, Economics, Shariah, or related field
- Minimum 15 years of direct experience in banking
- At least 10 years in Islamic Finance
- In-depth understanding of various Islamic Banking product development, documentation and Islamic Finance Operation
- Understanding of regulatory issues in Malaysia
- Minimum 5 years of managerial and leadership in banking or financial services
- Experience especially in Islamic Banking
- Strong understanding of Islamic Banking products and concepts
- Familiarity with Shariah Governance Framework in Malaysia
- Strong track record in Islamic Banking business development, product management, relationship management, or operations
- Experience in strategy and P&L management
- Ability to drive business growth and achieve financial targets
- Good knowledge of Financial Services Act 2013 (FSA)
- Knowledge of BNM policy documents
- Knowledge of Shariah compliance requirements
- Knowledge of Malaysian Islamic Finance market practices in ICBU and IBW
- Ability to ensure compliance with FSA, IFSA, BNM regulations
- Ability to ensure compliance with Shariah Governance requirements
- Ability to manage Shariah Non-Compliance Risk (SNCR)
- Ability to perform timely escalation and remediation of issues
- Ability to oversee regulatory reporting
- Ability to oversee regulatory engagements
- Ability to oversee audit and review findings
- Ability to maintain a robust control framework
- Ability to ensure Islamic Banking activities remain compliant with internal policies and regulatory requirements
- Ability to identify, assess, monitor, and manage risks arising from products, transactions, and operations
- Ability to manage risks within the Bank's risk appetite
- Strong stakeholder management
- Ability to deal and present to Management, Shariah committee, and Board
- Strong problem-solving capability
- Ability to formulate and innovate strategies and solutions
- Ability to deliver and coordinate the achievement of high-performance results and mission-critical goals
- Ability to command good and effective communication with internal stakeholders
- Ability to work with regional peers to align operations and processes
- Professional and interpersonal skills to establish good rapport and working relationship with stakeholders
- Ability to interact and communicate well with the regulator/external auditor
- Good command of English
- Proficiency in both written and oral communication skill
- Strong analytical and report writing ability
- Ability to multi-task
- Independence
- Discipline
- Self-motivation
- Agility
- Ability to work under pressure to meet deadlines set
- Ability to work independently with minimum supervision
- Proven leadership and people management skills
- Ability to manage a team
- Ability to guide the team to meet objectives of the department
Desired Qualifications
- Relevant professional qualification in Islamic Finance
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