Shariah Compliance Officer at Westfield Consulting

Job Purpose

• To ensure that the finance house's operations, products, and services adhere strictly to Shariah principles and guidelines.
• The Shariah Compliance Officer is responsible for maintaining Shariah governance, liaising with the Shariah Advisory Committee (SAC),and providing internal guidance on Islamic finance matters.

Key Responsibilities

• Review all financial products, agreements, and operational processes to ensure full Shariah compliance.
• Ensure implementation of resolutions and fatwas issued by the Shariah Advisory Committee.
• Work with product development teams to ensure new products comply with Islamic finance principles.
• Prepare and present reports and documentation to the SAC.
• Coordinate SAC meetings and maintain proper records of deliberations and decisions.
• Conduct Shariah audits and reviews on a periodic basis.
• Monitor transactions, marketing materials, and client interactions for adherence to Islamic guidelines.
• Recommend remedial actions for any identified Shariah non-compliance.
• Train staff on Islamic finance principles, internal Shariah policies, and regulatory requirements.
• Promote a culture of Shariah compliance throughout the organization.
• Ensure compliance with relevant Shariah governance frameworks (e.g., CBN, NAICOM, SEC where applicable).
• Monitor industry trends and update management on regulatory changes and Shariah rulings.

Requirements & Qualifications

• Bachelor’s or Master’s degree in Islamic Finance, Shariah Law, Islamic Studies, or a related field.
• Minimum of 2–4 years’ experience in a Shariah compliance or advisory role within a finance house, Islamic microfinance, or investment firm.
• Certification in Islamic Finance (e.g., AAOIFI CSAA, CIFE, or equivalent) is an advantage.
• Familiarity with AAOIFI and IFSB standards.
• Strong understanding of Islamic financial instruments like Ijara, Murabaha, Mudarabah, and Sukuk.

Key Competencies:

• Sound judgment and integrity in applying Shariah principles
• Excellent communication and interpersonal skills
• Strong analytical and reporting skills
• Proactive, detail-oriented, and able to work independently
• Ability to work collaboratively with non-Shariah technical teams (legal, finance, operations)

Application Closing Date
8th August, 2025.