Introduction
The inception of the IILM signifies the commencement of a global collective endeavor to enhance the stability of Islamic finance with short-term Shari’ah-compliant instruments. A global collaboration, the IILM is expected to become a formidable international presence in the arena of Islamic finance.
Hosted by Malaysia and headquartered in Kuala Lumpur, the IILM seeks outstanding professionals with expertise in their respective fields to join its international staff and move forward with the organisation.
Workplace Culture
The IILM seeks individuals with top professional and academic credentials and great ambition who hold themselves to the highest standards of excellence. We are keen to welcome team members who have a strong passion for Islamic finance and who would thrive in a performance-driven organization. The IILM aims to have a developmental impact in international Islamic finance. We therefore wish to identify and recruit only the best.
Benefit
A career with the IILM gives you an opportunity to work with and be challenged by a diverse team of influential industry professionals with top-level global experience. The IILM team comprises current and emerging leaders that focus on developing an important aspect of the future of Islamic financial markets through forging ties and setting precedents along the way.
The International Islamic Liquidity Management (IILM) is a Supranational institution established by Central Banks, Monetary Agencies and Multilateral Organisations to facilitate effective cross-border Shari’ah-compliant liquidity management. The IILM is currently the largest issuer in the Global Sukuk short-term market with 186 short-term Sukuk offered since 2013 for a total of more than USD 84 Billion.
The Business Operations department is responsible for originating and structuring Islamic Assets, conducting the Sukuk issuances, managing the distribution network of the IILM securities internationally, and ensuring the smooth running of the USD 4 Billion short-term certificate programme.
The successful candidate will be joining the Front Office team to provide technical support to the different units and perform other operational tasks such as data collection, production of research and statistical analysis. This opportunity will provide the incumbent with a breadth of experience in Islamic Finance and an in-depth insight into Sukuk Issuance, Investor Relations, Liquidity Management, Securitization and Asset Structuring. The incumbent will have the chance to experience a wide range of work, play a key role in our expanding innovative platform, and participate in our different business activities.
Duties and Responsibilities
– Assist the Issuance team conducting Sukuk issuances and distributing the Sukuk internationally
– Collect and organize auction data to provide charts and detailed analysis
– Support the Asset team to originate and smoothly execute shari’ah-compliant asset transactions
– Prepare marketing material for potential investors and asset providers
– Monitor market and liquidity conditions to identify and analyse the IIFS’ needs
– Undertake ad-hoc projects or initiatives to enhance the efficiency of the existing framework
– Adhere to applicable codes of conduct, IILM values, policies, procedures, and best practices
– Be able to work independently and act responsibly, demonstrating a high standard of personal and professional ethics
Requirements and Qualifications
– Bachelors’ in Finance/ Economy/ Mathematics/ Banking/ Islamic Finance/ Engineering
– Minimum 3 to 5 years of relevant experience in the Financial Sector, Treasury & Markets, Debt Capital Markets or Investment Banking
– Sound knowledge of Islamic structuring solutions
– Ability to work in an international environment with strong team spirit
– Excellent written and verbal communication skills in English
– Strong analytical and interpersonal skill
– Sound judgment capable of developing independent opinion
– Strong organisational skills, self-starter with the ability to work under pressure
– Highly skilled in Microsoft office tools (Excel/Macro & PowerPoint)
– Programming skill is preferable
Target hiring period will be in October 2022. Interested candidates may submit their application by sending a cover letter and resume to careers@iilm.com before 30 September 2022. Kindly state the position to which you are applying for as the subject of your email.
The IILM is currently seeking a highly-qualified junior member of the Risk Management Unit to work closely with the Senior Risk Officer in the independent oversight of risks inherent in the IILM’s activities.
The independent Risk Management Unit is a key component of the IILM’s second line of defence and is responsible for:
• Identify, measure, manage, monitor and report risks faced by the organisation
• Improvement, implementation and ongoing monitoring of the Risk Framework which includes operational risk, Shari’ah risk, reputational risk, legal & compliance, financial risk and internal controls
• Oversee, evaluate and coordinate the IILM’s Enterprise Risk Management approach
This job opportunity is for a driven professional who is looking to make lasting impact to the risk management function at the IILM.
Duties and Responsibilities
– Work closely with the Senior Risk Officer to oversee the entire Risk Management Unit function
– Assist the Senior Risk Officer as the secretariat to the Board Risk Management Committee (BRMC) and assist the BRMC to deliver its duties and responsibilities
– Implementation and ongoing monitoring of the Risk Framework which includes operational risk, Shari’ah risk, reputational risk, legal & compliance, financial risk and internal controls
– Close monitoring of the IILM’s operations, perform regular stress testing and establishing early warning triggers
– Contribute to the development and implementation of risk strategy which are in line with the risk limits and objectives approved by the relevant boards
– Perform comprehensive risk reviews of transactions including credit quality, market risk, operational risk etc
– Establish procedures for monitoring, maintaining and updating risk management policy and standard operating procedure in line with business growth
– Update and enhance the Business Continuity Management framework for the IILM
– Help raise risk awareness and promote proper attitudes towards risk management among staff
Requirements and Qualifications
– Bachelor’s Degree in risk management, business, finance, economics, statistics, engineering or law
– Demonstration of strong knowledge of risks identification, assessment and management frameworks
– Minimum 3 to 5 years of relevant experience in risk particularly in the Financial Sector, Investment Banking / Islamic Banking background / in-depth knowledge in treasury operations
– Banking background / in-depth knowledge in treasury operations
– Knowledge of risk and governance standards (e.g. Basel, OECD etc)
– Commercial awareness
– Capable of sound judgement with integrity and developing independent opinions
– Strong financial and analytical skills
– Planning and organisational skills
– Strong communication and presentation skills, particularly in board engagement
– Self-motivated and able to work under pressure
– Highly skilled in Microsoft office tools.
Target hiring period will be in October 2022. Interested candidates may submit their application by sending a cover letter and resume to careers@iilm.com before 30 September 2022. Kindly state the position to which you are applying for as the subject of your email.