Job Information
Citigroup Citi Islamic Bank Head and Murabaha Desk Head in Seef, Bahrain
The CEO will lead Citi’s Islamic banking franchise globally and serve as CEO of Citi’s Islamic banking vehicle, Citi Islamic Investment Bank (CIIB). The CEO will lead the structuring and execution of Islamic banking transactions and services across business areas, including cash management, financing, markets, and wealth management. The CEO will also serve on Board of Directors of CIIB and be responsible for overall strategy for the business, and maintaining the control and governance environment.
Key Responsibilities :
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
Financing Business / Markets / Wealth :
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
Job Family Group:
Product Management and Development
Job Family:
Market Segments and Services
Time Type:
Full time
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Citi is an equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.