Sharia Internal Audit Officer

Bachelor's Degree   Kabul, Afghanistan Full Time 970
Date Posted:Nov 8, 2018
Reference:ADF-029
Closing Date:Nov 21, 2018
Work Type:Full Time
Number of Vacancies:1
Gender:Any
Functional Area:General
Nationality:Afghan
Salary Range:Salary is negotiable
Years of Experience:1 Year
Contract Duration: Unspecified
Extension Possibility:Yes
Contract Type:Permanent
Probation Period:3 months
Required Languages:96,90,66

About Agricultural Development Fund:

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The Agricultural Development Fund (ADF) will act as a second-tier wholesale lending institution that will lend to intermediaries in the agricultural value chain, who will then on-lend to small commercial farmers, defined as farmers with 1-30 hectares. ADF is capitalized by a $100 million grant provided by the United States Government to the Government of the Islamic Republic of Afghanistan with the objective of increasing lending to the agriculture sector in order to create a more competitive agriculture sector through expanded agricultural production and increased incomes for agricultural households. ADF will lend directly and indirectly to banks, non-bank financial institutions, credit unions, microfinance institutions and non-financial intermediaries such as private farmer associations, farm stores, agricultural depots, food processors, agribusinesses and other market participants and informal providers of finance that support the development of agricultural value chains in Afghanistan and are able to enhance the supply of agricultural credit to the end-borrowers at the farm level. Until its transition to the Government of Afghanistan in 2014, the ADF is managed by the Agriculture Credit Enhancement (ACE) program a USAID contract.

Job Summary:

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Skills Required:

Not available

Provinces to travel:

Skills Description:


Excellent communication skills (verbal and written)

Excellent interpersonal skills

Conflict management skills

Problem solving skills

Ability to work both independently and as part of a team

Ability to create a supportive working relationship with all project teams

Ability to work under pressure

Duties & Responsibilities:


The main objective of sharia Islamic finance internal auditor is to ensure that all ADF operation related to Islamic sharia lending are accordance to the ADF policy and procedures for sharia finance approved by the sharia board.

To check and confirm that ADF sharia loan are free from riba and are per the policy

Sharia standards on Islamic finance products and practices, and Sharia basis for those standards.

Governance standards on Sharia compliance and review processes.

Islamic banking and finance supervision (including regulatory and external supervision, internal review, and application of AAOIFI’s standards).

Operational structures for Sharia compliance and review.

Sharia compliance and review procedures (including on planning, operations, documentation, and reporting).

Application of Sharia and Fiqh (Islamic jurisprudence) to Islamic banking and finance practices

Identify and evaluate the sharia loan risks appropriately and manage it properly

To review and check that the ADF sharia loans repayment are maintained in separate account and documented according to the ADF sharia compliance

Observation, inquiry, analysis, review and inspection of the ADF sharia loan

To ensure that the ADF resources are used efficiently

Adequate control to ensure compliance with ADF policy

To prepare the annual plan in coordination with the internal audit director

Conduct the both internal audit of a) ADF departments and 2) Audit of clients (ADF borrowers).

To design follow up audit framework to determine corrective action has been taken on pervious audit recommendations.

The audit officer will collect, analyze, interpret and document the information to support audit result

To develop the final audit report to assist ADF management in measuring its own performance, particularly with respect to compliance of sharia finance

Job Location:

Afghanistan, Kabul

Qualifications:


Professional certificates in Islamic banking and finance is preferable.

University degree in Islamic Finance, or related finance and Islamic banking field.

Minimum of 1 years’ experience in an equivalent position. Experience working in a similar position for the financial institution or other similar organization preferred.

Must be willing to travel to provincial offices on ADF business, must be able to work effectively in a fast-paced, stressful environment.

In addition, must be flexible, willing to perform other duties as required and work irregular hours.

Job Keywords:

ADF
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