U Microfinance Bank Limited

Purpose of Job
To Create &amp; Verify the Islamic Pool Management for Islamic Business (i.e. IMD) of bank for providing avenues of Profitability and Portfolio Islamic Business through financial tools and techniques.
Job Responsibilities
Automation of Pool Management System into CBS i.e. Temenos gradually from manual intervention of Islamic Pools calculations.
<ul>
<li>Data Sanity Checks of relevant Assets &amp; Liabilities on Accounts as well as on product level.</li>
<li>Functionality Checks on various steps involve execution of profit among IMD customers.</li>
<li>Creation &amp; verifications of Pool Management reports on Temenos.</li>
</ul>
To validate &amp; verify, i.e. Fund &amp; Liquidity Management with stakeholders with the following:
<ul>
<li>Islamic deposit pool funds as per Shariah guidelines.</li>
<li>Maintain maximum liquidity management while maintaining pools profitability.</li>
<li>Tagging of Treasury Deals Number for fund tracking in the relevant pools &amp; reconcile with the source extraction.</li>
</ul>
To ensure Shariah Compliance &amp; Governance in the supervision of bank’s Shariah and regulatory guidelines of SBP:
<ul>
<li>Ensure alignment with Islamic banking principles in all fund management activities.</li>
<li>Collaborate with PMD team considering Shariah advisory board with further validate investment structures.</li>
</ul>
By Verifying Islamic Investments &amp; Profit Distribution consists of following activities:
<ul>
<li>Create &amp; verify regular PSR &amp; weightages/rates for financial instruments.</li>
<li>Monthly Announcement of PSR &amp; Weightages &amp; Profit Rates.</li>
<li>Handle maturity cases &amp; encashment transactions with accurate reconciliation.</li>
<li>Managing transparency in profit-sharing (Mudarabah deposits).</li>
<li>Analyze market trends and sort Shariah-compliant investments.</li>
<li>Update payout sheet for timely payment processing.</li>
<li>Maintain &amp; update cost of fund sheet.</li>
<li>Resolve maturity cases &amp; handle encashment entries.</li>
<li>Ensure transparency in profit-sharing (Mudarabah).</li>
<li>Creating Acknowledgement letters for tagging of Special Pool Customers.</li>
<li>Tracking customer acknowledgements through IMD Business.</li>
<li>Compilation of daily extracted data of Islamic assets (i.e. Islamic financing &amp; Treasury assets).</li>
<li>Compilation of daily extracted data of Islamic liabilities (i.e. Islamic CA, SA, TDR).</li>
</ul>
To ensure timely Shariah Risk Management &amp; Reporting related with Islamic Pool Management by:
<ul>
<li>Report the financial risks related to Islamic deposit pools.</li>
<li>Follow KPIs for performance and compliance of Islamic Pool Management</li>
<li>Create financial records and submit regulatory reports related with Islamic pool Management where required.</li>
</ul>
Technical Competency
Check data sanity support in the process of automation of the Islamic Pools management for onward profit distribution in CBS and creation of relevant reports and MIS.
Soft Competency
Working on PDS related software and tools provided by bank.
Qualifications
Bachelor’s in business administration from Bahria University.

Officer Islamic Pool Management

Officer Islamic Pool Management

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