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AVP - Islamic Products / Projects.MGN Pak - Wholesale Islamic Banking.Corporate & Investment Banking Group-PAKCOE

PakistanPosted 5 months ago
remote
No longer available

Job Description

To drive the Core Banking Transformation initiative with a specific focus on Islamic Banking principles. This role will oversee the end-to-end delivery of transformation activities, ensuring Shariah compliance, operational excellence, and alignment with the bank’s digital and product strategy. The candidate will also be responsible for enhancing existing Islamic products and launching new offerings that meet evolving client needs.

  • Lead the Islamic workstream of the Core Banking Transformation program, ensuring alignment with Shariah principles and regulatory requirements.
  • Collaborate with cross-functional teams (Technology, Operations, Risk, Compliance, Shariah Board) to define and implement transformation milestones.
  • Ensure seamless migration of Islamic products and services to the new core platform.
  • Drive change management and stakeholder engagement across business units.
  • Product Management & Innovation.
  • Manage the lifecycle of existing Islamic products, identifying opportunities for enhancement and optimization.
  • Lead the design, development, and launch of new Islamic banking products across Wholesale Banking segments.
  • Conduct market research and competitor analysis to identify trends and customer needs.
  • Ensure all products are Shariah-compliant and approved by the internal Shariah Supervisory Board.
  • Governance & Compliance.
  • Liaise with Shariah Board and internal Shariah Compliance teams to ensure product and system compliance.
  • Maintain documentation and audit trails for product approvals and transformation decisions.
  • Monitor regulatory changes and ensure timely updates to product features and systems.
  • Stakeholder Management.
  • Act as the primary point of contact for Islamic product-related transformation matters.
  • Engage with senior leadership, project sponsors, and external vendors to ensure successful delivery.
  • Provide regular updates and reports on progress, risks, and mitigation strategies.
  • Work closely with Technology to make sure all developments and enhancements are at par with conventional.
  • Minimum 10 years of experience in Islamic Banking, with at least 5 years in product management or transformation roles. 
  • Strong understanding of all Islamic finance structures (Murabaha, Ijara, Istisna, etc.). 
  • Proven experience in leading large-scale banking transformation projects. 
  • Familiarity with core banking systems and digital platforms. Oracle core banking knowledge is a plus.
  • Experience in requirements management, Gap analysis and solutioning.
  • Excellent stakeholder management and communication skills. 
  • Bachelor’s degree in Business, Finance, or related field; Master’s preferred. 
  • Certification in Islamic Finance (e.g., CIFE, AAOIFI) is a plus.
The leading financial institution in MENA
While more than half a century old, we proudly think like a challenger, startup, and innovator
in banking and finance, powered by a diverse and dynamic team who put customers first.
Together, we pioneer key innovations and developments in banking and financial services.
Our mandate? To help customers find their way to Rise Every Day, partnering with them through
the highs and lows to help them reach their goals and unlock their unique vision of success.
Delivering superior service to clients by leading with innovation, treating colleagues with dignity and fairness while pursuing opportunities that grow shareholders value. 
We actively contribute to the community through responsible banking in our mission to inspire more people to Rise.
AVP - Islamic Products / Projects.MGN Pak - Wholesale Islamic Banking.Corporate & Investment Banking Group-PAKCOE at Mashreq Careers | Renata