The International Islamic Liquidity Management (IILM) is a Supranational institution established by Central Banks, Monetary Agencies and Multilateral Organizations 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 more than 285 short-term Sukuk offered since 2013 for a total of more than USD 118 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 short-term certificate programme.

As a member of the Business Operations, you will oversee the program administration activities to ensure the smooth running of the IILM issuance programme, as well as have an active involvement in both asset and issuance activities.

• Work closely with the Asset, Issuance and Settlement teams to ensure a smooth a process in term of auction issuance, asset inclusion and redemption of the IILM Sukuk
• Direct the activities of third support providers on the Issuance Program (e.g. Corporate Administrator, Trustee, Issuing & Paying Agency, Account Bank, Delegate)
• Manage the relationships with Rating Agencies and Councel at the Program level
• Supervise the program’s documented priority of payments and maintain cash flow modelling
• Prepare and oversee all the regular conduit management reports to Rating Agencies, Primary Dealers and other updates such as financial & compliance reporting, historical performance…
• Coordinate the annual update of the Information Memorandum with external legal advisors
• Prepare and support the renewal process of the Primary Dealership agreements
• Responsibilities also include participating in the asset and issuance activities, enhancing the distribution network of the IILM Sukuk as well as developing the investor base
• Undertake ad-hoc projects and initiatives to enhance the efficiency of the existing framework
• Be able to work independently and act responsibly in the best interest of the Institution
• Demonstrate high standards of personal and professional ethics
• Adhere to applicable codes of conduct, IILM values, policies, procedures, and best practices

• Bachelor’s Degree in Finance/ Economics/ Mathematics/ Banking/ Engineering
• At least 5 years of experience in Securitization, Structured Finance, ABCP/CP Conduit management, or Debt Capital Markets
• Sound knowledge of Fixed Income & Structured Finance markets
• Experience in ABCP conduit is preferable
• Outstanding relationship-building, communication, and presentation skills, including ability to convey complex concepts and issues concisely
• Strong analytical skills and numerical aptitude required
• Sound judgment capable of developing independent opinion
• Strong organizational skills, self-starter with the ability to work under pressure
• Able to work in an international environment with a strong team spirit
• Excellent written & oral communication in English, other language is a plus

The target hiring period will be in March/ April 2025. Interested candidates may submit their application by sending a cover letter and resume before 20 March 2025. Kindly state the position to which you are applying as the subject of your email.