Assistant Manager- Pool Management Unit

Opportunity Information

The Role

Raqami Islamic Digital Bank is hiring an Assistant Manager- Pool Management Unit for its Finance department in Karachi. This role ensures the efficient allocation, monitoring and rebalancing of funds across various Islamic banking products while maintaining strict Shariah compliance and managing risks.

•Manage the daily operations of the bank’s Islamic funds pool •Ensure optimal allocation of funds across Islamic investments & financing products (Sukuk, Murabaha, Ijara, Diminishing Musharaka, Salam, Istisna, etc.) •Monitor pool liquidity, profitability & risk exposure and take corrective actions as needed •Develop and implement strategies for daily pool balancing to meet regulatory and Shariah requirements •Coordinate with Treasury department for projected investments, fund acceptance and/ or placements in Shariah-compliant avenues •Ensure all pool management activities adhere to Shariah principles, guidelines and approved product structures •Develop MIS and dashboards to track pool performance •Prepare periodic reports for senior management on pool performance, challenges and recommendations •Conduct comparative analysis with industry benchmarks and recommend improvements •Work with IT for system enhancements related to pool management and automation •Stay updated with Islamic finance standards (AAOIFI) and SBP regulations •Identify, assess and mitigate financial risks associated with pool management •Liaise with the bank’s Shariah Compliance and Audit teams for reviews, approvals and audits

Applicants General Eligibility & Requirements

Education, Experience and Skills Requirements