Chief Finance Officer

Role summary To lead the financial strategy, planning, and management of the Bank in full compliance with Islamic banking principles. The CFO ensures robust financial governance, supports strategic decision-making, and maintains the integrity of financial reporting while aligning all financial practices with Shariah rules and the regulatory requirements of the central bank and other authorities Duties and responsibilities RESPONSIBILITIES 1) Strategic Financial Management Develop and execute the Bank’s financial strategy in alignment with its overall business goals and Shariah compliance framework. Lead long-term financial planning, budgeting, and forecasting, ensuring consistency with AIB’s objectives. Advise the CEO, Board, and Management on financial implications of strategic decisions, investment opportunities, and risk exposures. 2) Financial Reporting and Control Oversee timely and accurate preparation of financial statements in accordance with International Financial Reporting Standards (IFRS) and AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) standards. Ensure transparent and Shariah-compliant disclosures in financial reporting to shareholders and regulators. Maintain sound financial controls and ensure proper accounting treatment of Islamic financial transactions. 3) Shariah Governance Alignment Collaborate closely with the Shariah Board and Internal Shariah Compliance team to ensure that all financial practices, structures, and reporting comply with Shariah principles. Ensure profit and loss distribution mechanisms are calculated and administered in accordance with approved Shariah guidelines. 4) Regulatory Compliance and Audit Ensure compliance with all financial regulations issued by the central bank, tax authorities, and other regulatory bodies. Liaise with internal and external auditors, including Shariah auditors, to facilitate audits and address findings promptly. 5) Treasury and Liquidity Management Oversee treasury operations including liquidity, capital adequacy, asset-liability management, and investment strategies, ensuring alignment with Islamic banking instruments. Monitor liquidity levels to meet statutory liquidity requirements and avoid riba-based instruments. 6) Cost and Capital Management Manage cost control and drive financial efficiency initiatives across departments. Oversee capital adequacy reporting and stress testing under Basel III and Islamic equivalents. 7) Team Leadership Lead, mentor, and develop the finance team, promoting ethical conduct, transparency, and professionalism. Foster a performance-driven culture and enhance capacity building within the finance function. Job requirements QUALIFICATIONS: Bachelor’s degree in Accounting, Finance, Economics, Islamic banking or related field; Master’s degree or MBA is preferred. Professional certification such as CIPA, CPA, CA, ACCA, CIBAFI or CFA is required. Strong understanding of Islamic finance principles, AAOIFI standards, and regulatory frameworks applicable to Islamic banking. EXPERIENCE: Minimum of 10 years of progressive financial leadership experience, including at least 5 years in a senior finance role within an Islamic bank or financial institution. KEY SKILLS AND COMPETENCIES: In-depth knowledge of Islamic banking products and financial instruments. Strong leadership and strategic thinking skills. Advanced analytical, budgeting, and financial modeling abilities. Excellent communication and stakeholder management skills. Integrity, accountability, and alignment with the ethical values of Islamic finance.