Citi Group Citi Islamic Bank Head Murabaha Desk 

Bahrain, Capital Governorate, Manama 

72898940

:

Leading the Business

• Collaborates with product and functional partners to structure and execute Islamic banking transactions and services
• Communicates a clear vision of business strategy and engages internal partners in support of the strategy
• Leads internal presentations, presentations to the CIIB’s Sharia Supervisory Board
• Maintains CIIB’s relationship with its regulators
• Overall responsibility for governance and reporting

Murabaha Desk and Product Development:

• Responsible for managing the Murabaha Desk for products offered by CIIB and its affiliates. The products range includes Islamic Commodities Murabaha (Money Market Deposits, Islamic Nostro/Saving Accounts), Islamic Finance (Reverse Murabaha Transactions), Murabaha Intermediation Transactions, Structure Trade Finance Transactions and other treasury products
• Responsible for onboarding new clients for CIIB and for managing all existing Islamic client relationships
• Responsible for providing customer support and maintaining contact with customers and obtaining follow-up business
• Responsible for commercializing Islamic liquidity products to Banks and Institutional Investors and developing new business opportunities
• Responsible for booking Murabaha transactions with Citi Islamic Counterparties and confirming them with the investors and maintaining the related daily records
• Interacting on a regular basis with Internal Legal and the Islamic Control Function in relation to governance
• Maintaining all the existing Agreements with clients and Commodities Brokers
• Responsible for representing CIIB in governance and business meeting forums, as required
• Responsible for performing the MCA testing on behalf of the Citi Islamic business and submitting it through Citi Risk & Control System
• Responsible for reconciling, proofing and attesting Citi Islamic account through the e-Recon System and maintaining all the related records
• Responsible to maintain full compliance to the Sharia rules, regulations and requirements of all Murabaha based products

:

• Responsible for structuring of Sukuk and Islamic loan transactions, Shari’a compliant derivative and institutional products, and wealth management solutions, in each case along with the relevant product partner
• Presenting solutions to clients and investors, working with clients’ Shari’a coordinators and scholars
• Working with external and internal counsel on documentation
• Working with Citi’s Islamic Control Function to obtain Shari’a Supervisory Board approval

Knowledge/ skills/ experience:

• Demonstrates sound knowledge of Citi’s core product range
• Identifies cross-sell opportunities

• Demonstrates understanding of financial statement reporting, credit and capital management

Competencies:

• Ability to engage with Islamic corporate and FI clients
• Manage Murabaha desk relationships

Time Type:

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