Summary
Date Posted: Tuesday, March 29, 2022 , Base Salary: Not Disclosed

JOB DETAILS:
Overview
This role is responsible for planning and carrying out specific audit reviews both on a continuous basis and on periodic scheduled audits to ensure there is a sound and effective internal control system for Shariah compliance for SALIH.

The Officer is also expected to participate in the review of the Group’s operational processes to address efficiency, and effectiveness.
• Assess SALIH Shariah Governance Framework (SGF) periodically to ascertain if a proper
• shariah risk management framework for compliance to shariah at all levels exists.
• To examine the fund’s (CPF-SALIH) current situation and to check whether it is adhering to Shariah rules and regulations.
• To re-check if the investments undertaken in the period of review are Shariah permitted,
• lawful and not done in a manner that contradicts shariah principles either morally or socially.
• To assure the public and stakeholders that their funds are invested in businesses that are in
• conformity with their faith as directed by the SAC.
• To examine whether there is a framework to manage shariah risk. (i.e., an internal shariah
• audit unit, systems that ensure segregation between the conventional and SALIH funds etc.)
• To examine how the non-shariah compliant earnings of SALIH members are treated.
• To examine whether all the approved transactions have been undertaken in accordance
• with the directions given by the Shariah Advisory Committee.
• To examine Shariah compliance in all SALIH documentation including marketing materials, contracts, circulars, policies etc.)
• Carry out post-audit reviews to monitor progress on the implementation of audit recommendations.
• Review and document responses to audit reports, initiate follow-up action, and forward to management all the recommendations for their action.
• Make a follow up audit on pending cases (collect the audit client's response).
• Perform any other duties as may be assigned from time to time

Knowledge, experience, and qualifications required
• Academic and Professional Qualifications/Memberships to professional bodies:
• Bachelor’s Degree in Islamic Finance, Finance, Accounting, Economics, Business Management, or relevant field.
• Shariah Auditor certification by Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).
• Certified Public Account (K) or Association of Chartered Certified Accountants (ACCA) or any relevant professional qualification/ certification is an added advantage.
Experience Required:
• At least 2 years relevant experience in a similar organization or busy audit function.

Role Competencies
• Technical Competencies: Behavioral Competencies
• Understanding of Shariah auditing guidelines.
• Understanding of Internal Auditing techniques.
• Proficient in computer assisted audit techniques.
• Document workflows.
• Business processes.
• Report writing.

Work Hours: 8

Experience in Months: 24

Level of Education: Bachelor Degree

Job application procedure
If you meet the requirements stipulated for the above position, please write in confidence quoting the position title and reference number on the subject of the email or cover letter on or before 9th April 2022 at 5.00 pm. Applications including Curriculum vitae, contact email and daytime telephone contacts, current position and remuneration, names and addresses of three referees should be emailed to recruitment@cpf.or.ke .

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