The Islamic Bank of Senegal is a financial institution which was created in 1982 and constituted in the form of a limited company under Senegalese law with a Board of Directors. In accordance with its statutes, the company’s corporate purpose is directly or indirectly, in all countries and more particularly in the Republic of Senegal, either for its own account or on behalf of third parties or in participation and in any form whatsoever:
- All banking, finance and credit operations, using funds received from private or public persons;
- The granting of short, medium and long term credit;
- All Islamic Financial transactions according to the principles of Islam.
With the support of the main shareholders, BIS intends to contribute to the economic development of Senegal through the achievement of the fundamental objectives set out in article 3 of its statutes, namely:
- Carry out savings collection and credit distribution activities on the basis of the principles decreed by Islam, thus meeting the needs and aspirations of a large part of the Senegalese population.
- Offer businesses and economic operators modern and competitive banking services in compliance with Islamic requirements.
Post 1: Treasurer M/F
Department: Treasury and ALM
Immediate superior: Head of Department of Treasury and ALM
Location: Head Office
Position Objective:
- The holder of the position ensures ALM and Capital Market management
- The holder of the position ensures the management of forecast liquidity.
- The post holder assists the Head of Department in the structuring and arrangement of Sukuks.
MAIN ACTIVITIES
- Ensure management of Capital Market operations (Structuring, Subscription in the primary market, purchase, sale in the secondary Sukuk),
- Ensure management of the Sukuks portfolio
- Monitor, analyze and update regulatory texts, monetary and financial market statistics
- Ensure management of the relationship with the AMF regulator, management and intermediation companies and financial partners
- Ensure the daily maintenance of treasury reporting, DLF (Daily Liquidity Forecast, monitoring status of correspondent accounts and management ratios
- Forecast, anticipate and alert on the Bank’s payment deadlines
- Prepare ALM reporting – ALCO committee
- Manage the commissioning of the DCBR DEPEND software
- Carry out all other tasks entrusted by the hierarchical superior
- Develop short-term and medium-term cash flow forecasts in order to anticipate liquidity needs and take measures to avoid surpluses or deficits
- Control of movements of correspondent accounts on D+1 to guarantee compliance with the correspondent’s choices as well as the pricing set by treasury
- Carry out a periodic inventory of securities held
- Preparation of ALCO committee reports
- Carry out stress tests related to liquidity
- Monitor liquidity ratios based on Risk Appetite.
Required training and experience
- Level of studies: BAC + 4 in banking/finance/accounting
- Professional experience: 04 years in an ALM manager position in a financial institution.
Technical skills
- Good knowledge of banking activity and operations
- Mastery of banking regulations and monetary and financial markets
- Good knowledge of market finance, economics and bank accounting.
Behavioral Skills
- Commitment
- Communication and good writing skills
- Relationship Building/Team Building
- Endurance
- Responsibility
- Client orientation
- Autonomy, sense of initiative and anticipation
- Ability to work under pressure
APPLY HERE
Position 2: CHARIA AUDITOR M/F
Management: INTERNAL AUDIT
Location: Headquarters
Position Objective:
Provide reasonable assurance regarding the bank’s compliance with Islamic finance principles through analysis of the bank’s various activities, procedures and governance framework. He must seek to detect cases of non-compliance, and propose relevant solutions and improvements which will be submitted for validation by the hierarchy, to the ICC and Internal Audit Committee.
MAIN ACTIVITIES
- Participate in the development of the annual and multi-year Sharia audit plan;
- Participate in audit missions where he is assigned to assess the Sharia compliance of operations and activities;
- Become aware of the areas to be audited by collecting information and reviewing the regulatory, organizational and procedural framework (information to be collected, regulatory and procedural references);
- Participate in preliminary analyzes to identify the risks, objectives and audit strategy to follow;
- Participate in the development or develop a work program for the mission by proposing relevant control points adapted to the risks of Islamic non-compliance;
- Carry out validated audit tests and formalize the findings noted in accordance with the validated frameworks;
- Formalize the findings, recommendations and actions to correct inadequacies in an audit report;
- Ensure permanent monitoring of controls carried out by the Sharia Compliance Department responsible for the 2nd line of defense;
- Prepare the annual Islamic compliance audit report to be submitted to the hierarchy and the CCI for approval;
- Carry out all tasks and missions entrusted by the hierarchy
PERFORMANCE INDICATORS
- Achieve goals set at the start of the year
- Identification of main risks and assessment criteria
- Quality of reports
- Relevance of recommendations
- Respect of deadlines
- Rigor
- Compliance with the audit plan
Required training and experience
- Bac +5 in Audit and Control
- 03/05 years of experience in internal audit, sharia audit in a Firm or Audit department.
Technical skills
- Knowledge of the rules and principles of Islamic finance
- General Accounting
- Bank Accounting
- Central Bank and Banking Commission Regulations
- Taxation
- Audit & Control
Behavioral Skills
- Commitment
- Self-consciousness
- Communication
- Integrity
- Objectivity
- Independence
- Professional secret
- Respect for professional rules
APPLY HERE
 is recruiting for these 02 positions (April 23, 2024)){kind=link}