Head of Islamic Financial Administration

Job Description

Title: Head of Islamic Financial Administration

Company Name: National Credit and Commerce Bank PLC

Vacancy: --

Age: At least 40 years

Job Location: Dhaka

Salary: --

Experience:

• At least 15 years
• The applicants should have experience in the following business area(s): Banks

• Master of Business Administration (MBA) in Finance, Accounting, Banking
• Master of Social Science (MSS) in Economics

CA / CMA / CFA / MBA / MBM / Masters in Economics, Finance, Accounting or Banking from UGC approved universities having no 3rd class/division in academic records.

• At least 15 years
• The applicants should have experience in the following business area(s): Banks

• Age At least 40 years

Experience Requirements

• Minimum 15 years of experience in any reputed Bank/Financial Institution with at least 3 years in Accounting or Tax related strategic functions.

• Proven track record in Islamic Finance with demonstrated experience in transition/conversion leadership role from conventional to Islamic banking.

• Preference will be given to candidates having MTO/PO background in commercial banks/financial institutions.

Other Competency

• Strong leadership, analytical, presentation, communication and interpersonal skills.

• Excellent verbal and written communication skills in both Bangla and English.

• Strong understanding of Islamic banking principles, Shariah governance framework and regulatory compliance requirements.

• Ability to manage complex transformation projects and cross-functional stakeholder engagement.

Job Level: SVP/ EVP/ SEVP

Job Responsibilities

• Lead the Bank’s overall Islamic financial management, financial strategy and fiscal sustainability in compliance with Shariah principles, Bangladesh Bank regulations, AAOIFI, IFRS, Basel framework, and other applicable regulatory requirements.

• Lead the redesign and implementation of Islamic accounting structures, GL mapping, profit-sharing mechanisms, Islamic product accounting treatments and Shariah-compliant financial reporting systems.

• Establish and strengthen Shariah-compliant financial policies, SOPs, governance frameworks, MIS structures, internal controls and operational workflows.

• Oversee budgeting, forecasting, financial planning, treasury operations, liquidity management, capital adequacy, profitability, provisioning, ALM and strategic financial analysis from an Islamic banking perspective.

• Ensure accurate preparation of financial statements, management reports, regulatory submissions, Board reports and Shariah-compliant disclosures.

• Ensure accurate profit distribution calculations for depositors and investment account holders in accordance with Islamic banking principles.

• Coordinate closely with the Shariah Supervisory Committee/Board to ensure ongoing Shariah compliance of financial operations, products and governance practices.

• Lead financial risk management, tax planning, transition risk mitigation and strengthening of governance and control frameworks to support sustainable Islamic banking operations.

• Monitor financial performance, cost efficiency, balance sheet optimization, liquidity, profitability and overall fiscal health of the Bank.

• Ensure readiness for Bangladesh Bank inspections, Shariah audits, internal audits and external audits.

• Provide strategic financial advice to the Board, Management, and relevant Committees to support business growth, investment initiatives, and digital transformation.

• Support the Bank’s transition from a conventional banking model to a fully Shariah-compliant Islamic banking institution, including execution of the approved conversion roadmap and enterprise-wide transformation initiatives.

• Oversee the conversion of conventional assets, liabilities, deposits, financing portfolios, treasury products, customer relationships and operational documentation into Shariah-compliant structures.

• Monitor transition milestones, operational readiness, compliance requirements, and implementation risks, and provide progress updates to Senior Management and the Board.

• Collaborate with Finance, Risk, Compliance, Treasury, Audit, Operations, IT, HR, Legal, and Business teams to ensure effective integration and alignment of Islamic banking processes and technology solutions.

• Maintain effective relationships with regulators, auditors, consultants, financial institutions, investors, Board Committees and other key stakeholders regarding financial management and the Islamic banking transition.

• Support organizational change management and enterprise-wide Islamic banking transformation initiatives.

• Represent the Bank in financial, regulatory, industry and Islamic banking transformation forums and engagements.

• Perform any other responsibilities assigned by the Management of the Bank.

• Attractive compensation package will be offered to deserving candidates based on experience, expertise and competency.