The CEO will lead Citi’s Islamic banking franchise globally and serve as CEO of Citi’s Islamic banking vehicle, Citi Islamic Investment Bank (CIIB). The CEO will lead the structuring and execution of Islamic banking transactions and services across business areas, including cash management, financing, markets, and wealth management. The CEO will also serve on Board of Directors of CIIB and be responsible for overall strategy for the business, and maintaining the control and governance environment.

Key Responsibilities:

Leading the Business

• Collaborates with product and functional partners to structure and execute Islamic banking transactions and services
• Communicates a clear vision of business strategy and engages internal partners in support of the strategy
• Leads internal presentations, presentations to the CIIB’s Sharia Supervisory Board
• Maintains CIIB’s relationship with its regulators
• Overall responsibility for governance and reporting

Murabaha Desk and Product Development:

• Responsible for managing the Murabaha Desk for products offered by CIIB and its affiliates. The products range includes Islamic Commodities Murabaha (Money Market Deposits, Islamic Nostro/Saving Accounts), Islamic Finance (Reverse Murabaha Transactions), Murabaha Intermediation Transactions, Structure Trade Finance Transactions and other treasury products
• Responsible for onboarding new clients for CIIB and for managing all existing Islamic client relationships
• Responsible for providing customer support and maintaining contact with customers and obtaining follow-up business
• Responsible for commercializing Islamic liquidity products to Banks and Institutional Investors and developing new business opportunities
• Responsible for booking Murabaha transactions with Citi Islamic Counterparties and confirming them with the investors and maintaining the related daily records
• Interacting on a regular basis with Internal Legal and the Islamic Control Function in relation to governance
• Maintaining all the existing Agreements with clients and Commodities Brokers
• Responsible for representing CIIB in governance and business meeting forums, as required
• Responsible for performing the MCA testing on behalf of the Citi Islamic business and submitting it through Citi Risk & Control System
• Responsible for reconciling, proofing and attesting Citi Islamic account through the e-Recon System and maintaining all the related records
• Responsible to maintain full compliance to the Sharia rules, regulations and requirements of all Murabaha based products

Financing Business / Markets / Wealth:

• Responsible for structuring of Sukuk and Islamic loan transactions, Shari’a compliant derivative and institutional products, and wealth management solutions, in each case along with the relevant product partner
• Presenting solutions to clients and investors, working with clients’ Shari’a coordinators and scholars
• Working with external and internal counsel on documentation
• Working with Citi’s Islamic Control Function to obtain Shari’a Supervisory Board approval

Knowledge/ skills/ experience:

• Demonstrates sound knowledge of Citi’s core product range
• Identifies cross-sell opportunities

• Demonstrates understanding of financial statement reporting, credit and capital management

Competencies:

• Ability to engage with Islamic corporate and FI clients
• Manage Murabaha desk relationships

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Job Family Group:
Product Management and Development-
Job Family:
Market Segments and Services-
Time Type:
Full time-
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