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Dubai Islamic Bank
Digital Banking
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About Dubai Islamic Bank
Established in 1975, Dubai Islamic Bank is the largest Islamic bank in the UAE by assets and a public joint-stock company listed on the Dubai Financial Market. Spearheading the evolution of the global Islamic finance industry, DIB is also the world’s first full-service Islamic bank and the second-largest Islamic bank in the world. With Group assets over USD 80bln and a market capitalization of more than USD 10bln, the group operates with a workforce of more than 10,000 employees and around 500 branches in its vast global network across the Middle East, Asia and Africa. Serving over 5 million customers across the Group, DIB offers an increasing range of innovative Shariah-compliant products and services to retail, corporate and institutional clients.
In addition to being the first and largest Islamic bank in the UAE, DIB has a significant international presence as a torchbearer in promoting Shariah-compliant financial services across several markets worldwide. The bank has established DIB Pakistan Limited, a wholly-owned subsidiary that is the first Islamic bank in Pakistan to offer Priority & Platinum Banking, as well as the most extensive and innovative portfolio of Alternate Distribution Channels. The launch of Panin Dubai Syariah Bank in Indonesia early in 2017 marks DIB’s first foray in the Far East, the bank owns over 25% stake in the Indonesian bank. Additionally, in May 2017, Dubai Islamic Bank PJSC was given the license by the Central Bank of Kenya (CBK) to operate its subsidiary, DIB Kenya Ltd. DIB has been designated as D-SIB (Domestic Systemically Important Bank) in 2018 in UAE. In early 2020, DIB completed the acquisition of Noor Bank, which solidifies its position as a leading bank in the global Islamic finance industry. In 2021, DIB increased its foreign ownership limit to 40% reflecting the increasing confidence of global investors towards the bank.
The Bank’s ultimate goal is to make Islamic finance the norm, rather than an alternative to conventional banking worldwide. DIB has won a range of accolades that are testament to these efforts across diversified areas, including retail, corporate and investment banking, as well as CSR and consultancy services. DIB has been named the Best Islamic Bank in various prestigious ceremonies and recognized for its outstanding performance amongst the world’s Islamic Banks, marking it a clear indication of the bank’s leadership position in the Islamic finance sector.
For more information, please visit us at www.dib.ae
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Available Jobs
Senior Officer - Internal Audit (For Emiratization)
Dubai
Key Responsibilities Survey functions and activities in assigned areas to determine the nature of IT areas and the adequacy of the system of control to achieve the objectives of the audit assignment. Prepares the audit plan to conduct the audit and prepares the Audit work program. Assists the Auditors in performing individual audit tasks, to conduct the audit efficiently and to address the major risks of the auditable activity. Performs the audit of individual activity assigned to him to achieve the planned audit objectives in a professional manner. Makes oral or written presentations to the auditee during and at the conclusion of the audit, discussing observations with the process owner. Prepares the Audit work paper for assigned completed work for manager review. Prepares and edits the Draft Audit Report. Attend opening and closing conferences along with the Manager /AVP Information System Audit. Follow up with auditee to get an update on the audit action plan and briefs the audit manager on the adequacy of corrective actions taken as per the audit recommendation. Assists in the implementation of the department Quality Assurance Program, with regard to Information System Audit, to ensure that the department is functioning at a high level of efficiency and effectiveness. Provides input for the revision of audit programs/review approach to achieve specific objectives in more effective/efficient manner. Keeps informed about improvements and current developments in Information Technology, Information Systems Security, etc. and in IS auditing & risk management standards, procedures, and techniques. Assists staff in assimilating the Internal Audit environment.
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20-Feb-2025
AVP - Credit Risk MIS and Modelling
Dubai
Job Purpose Manage the credit risk modeling & stress testing activities which in line with the department / Bank's standards. Develop robust statistical models, in order to analyze and predict and quantify the impact of credit risk affecting the bank. Key Responsibilities Develop rating, ifrs9 and stress testing credit risk models for wholesale portfolio ensuring that all underlying models are fit for purpose duly evidenced through relevant statistical tests, business and economic sense.Develop sound and efficient model development framework and guidelines, in line with the department /Bank's standards.Develop new modeling methodologies, documentation templates, model user manual, model remediation techniques, in line with the Bank / department's standards.Comply with the regulatory Model Risk Management Standards, assess model risk and make recommendations on model use.Review validation and audit findings to plan and execute remediations within agreed timelines.Ensure implementation of model development process, and lead internal communication to guide model redevelopment / optimization / recalibration/ monitoring activities.Provide support in designing and UAT of risk DataMart for future modeling activities.Provide support, feedback, mentoring, and work oversight to the team. Keep abreast of industry and regulatory developments, and evolving expectations.Coach, train and develop team member skills by identifying training needs and assign appropriate learning platform to the team.
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14-Feb-2025
Assistant Manager - Risk Analytics
Dubai
Job Purpose Assist in the determination of banks capital requirement based on Basel Capital Accords for Pillar-I, Pillar-II, Pillar-III risks and Stress Testing using qualitative and quantitative assessment and analysis of all risk issues. Key Responsibilities Assist in meeting CB-UAE reporting requirements of the Basel Capital Accords for Credit, Market and Operational Risk. Assist in the design, construction and delivery of Basel Capital Accords internal reporting related to capital requirements to senior management. Support in the development, implementation of models in risk management with focus on Credit Risk, Market Risk, and Operational Risk related to Basel Capital Accords and CB-UAE Basel Regulatory reporting requirements and guidelines. Assist in developing Capital Adequacy reports for Stressed Credit Economic Scenarios. Assist in Validation of Capital Computation on the group level with the Central bank Examiners. Develop and report the ICAAP Pillar I & Pillar III report as per CB-UAE Basel Regulatory reporting requirements and guidelines. Assist Head of ICAAP in the development of futuristic Capital plan for the strategic planning of capital management. Assist in the developing Stress Tests and Economic scenario analysis for capital planning. Ensure compliance with the approved policies, procedures, SLAs and regulatory requirements to maintain quality standards and ensure risk mitigation. Ensure all assigned tasks and projects are executed within the approved policies, procedures and SLAs of the department.
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14-Feb-2025
AVP - Product Manager, Digital
Dubai
Full time
To manage the product / service/ strategy and management related requirements for entire Business Banking es Product and acquisition related digital initiatives. The incumbent to oversee the end to end execution from approval to implementation of relevant Liabilities, Assets, processes and Fee Income related initiatives and rollout initiatives with respect to Business Banking Products and Services in collaboration with Sales, Customer Service, Assets and Liabilities product teams within Business Banking department. Candidates must have experience of business banking and we are looking for a Digital leader who puts the customer at the heart of any solution. Key Responsibilities: - Assist Head of Business Banking Products and Asset and Liabilities Product managers in business banking in Implementing the overall product & segmental strategy and annual plan to achieve targeted sales & P& L revenue figures in the assigned products. - Assist in developing & implement strategies & marketing initiatives gain market leadership. - Devise digital solutions for Liabilities and Assets products, services and payments to cater to business banking segment. - Frequent/monthly comp scans to ensure our products and rates are competitive. - Device, implement and track new promotions. - Work with stakeholders to ensure procedures and policies are competitive and have the right controls - Regularly review with Product, Sales, Treasury, Operations, IT, Digital and other stakeholders to ensure best of Products & policies. - Interact with all touch points to ensure best of processes & resolve operational issues. - Interact with IT department for UAT and implementation of new enhancements product launches. - Liaise with SQ to co-ordinate SQ initiatives and corrective actions/enhancements for BBU propositions - Work with Marketing & product teams to implement specific initiatives/campaigns for digital propositions - Taking personal accountability for the delivery of a large business and technology roadmap across multiple areas; new/enhancement of current products, overseeing every stage of delivery.
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11-Feb-2025
Senior Officer - Cards & E-Channels Fraud Control & Auth, FRM&I, NFR, GRM
Dubai
JOB PURPOSE To execute quality check on critical operational activities pertaining to Cards Fraud Control & Authorization Unit with respect to transaction fraud monitoring to ensure quality fraud monitoring tasks are performed. Support as a backup staff for the Supervisor during shortage for smooth performance of this unit. KEY RESPONSIBILITIES Execute and ensure quality check, that all Operations processes are adhered to and assist in recommending changes in existing processes, fraud control techniques, and set parameters and thresholds for monitoring based on market intelligence available and changes in the latest fraud trends. Execute and assist in monitoring of transactional activity to ensure early identification of suspicious transactions with respect to fraudulent usage in order to minimize transactional fraud losses. Report any identified fraudulent activity for immediate action to prevent further losses. Perform investigations to ascertain genuineness of cardholder claim(s) to assist in compensating the cardholder for counterfeit transactions. Periodically review alert generation behavior and report any abnormal activity. Assist in managing Fraud Monitoring tables. Prepare and maintain updated periodic MIS for Fraud Management area. Assist in Identifying processes that can be automated and recommend for implementation accordingly. Assist in ensuring that all processes in the Unit are compliant with Central Bank, VISA International, and DIB rules and regulations in processing of transactions and documentation. Assist in ensuring that all required Regulatory and other periodic Reports / MIS are prepared and submitted on due dates. Ensure support to process genuine high value authorization requests, are handled as per process.
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04-Feb-2025
Senior Officer – Payments Screening (For Emiratization)
Dubai
Job Purpose The Senior Officer - Payment Screening role is to ensure that the bank has reviewed alerts generated against the bank swift payments/messages inward and outward against the local and international sanctions lists, internal watchlists. The role requires the alerts to be evaluated against the various parameters and risk mitigation steps initiated wherever a risk is identified. Key Responsibilities Analyzing and investigating the alerts and ensuring necessary actions are taken within the TAT. Escalation of true matches to the line manager or team lead immediately, in line with the department standards. Initiating RFIs, follow-up with the relevant business/RM and making sure all alerts are attended within the agreed TAT. Ensure compliance with the approved policies, procedures, SLAs and regulatory requirements to maintain quality standards and ensure risk mitigation. Ensure all assigned tasks and projects are executed within the approved policies, proceduresand SLAs of the department.
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04-Feb-2025
Senior Sales Advisor - In Branch Sales
Fujairah
Full time
To achieve sales targets from branches and from outside customers of all Products to cover the assigned monthly targets. Generate and follow up of leads and referrals and tap walk-in customers in Branches to ensure business conversion To maintain complete record and proper documentation of all related products to ensure effective compliance. Daily sales reporting to the assigned Branch Manager and provide regular feedback on target achievement to ensure and keep track of monthly, yearly targets and sales activities. Promote and educate customers of the branch on the current promotions and offers, which will enhance the sales of the assigned branch. Approach existing and new customers in and out of branch to achieve individual and branch sales target. Conduct cold calling, telephonic and field visits to existing and new customers for business conversion. Provide necessary advice on investments/financial solutions based on the needs of customers. To provide Assistance and support to new and existing staffs in cross selling techniques-based products, within and outside the branch. All the above accountabilities include but not limited to any additional /new tasks or responsibilities assigned by the line Manager.
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28-Jan-2025
AVP - Market Risk and Wealth Management
Dubai
Job Purpose This role is primarily responsible for identification, measurement, management, monitoring and reporting of Market risk, Counterparty Credit Risk and Investment Risks and to broadly align with Risk Management Framework of Dubai Islamic Bank. The role will also be responsible for Risk Management oversight related to Wealth Management. A key part of the role will be to conduct Macro-economic and External Market Analysis and provide an update on key emerging risks. The incumbent will also be responsible for Implementation of different tools and systems to be used for measurement of Market Risk & Counterparty Credit risk for derivative products. Incumbent to act as a back-up resource for Liquidity, PRRBB and other risk monitoring activities. Key Responsibilities Identify, Measure, Manage and Monitor: Traded Market Risk. Counterparty credit Risk. Investment Risk. Risk Management oversight related to Wealth Management Function. Act as a key Group Risk Subject Matter Expert in Market Risk, Counterparty Credit Risk and Investment Risks and support Head of Market and Liquidity Risk in risk management and risk oversight role related to these risks. Establish and enhance risk management frameworks – policies and procedures related to Market Risk, Counterparty Credit Risk and Investment Risks. Update all related SOPs. Support the back-testing and stress-testing processes and perform other analyses where required. Maintain key portfolio and risk records for Sukuks/Fixed Income Portfolio and Derivatives. Liaise with internal Business Units in particular Treasury, Business Functions, Finance and Operations to provide 2nd line support role and risk management views related to the above-mentioned risks. Assist in preparation of relevant risk sections in RMC, ALCO, BRCGC packs and other interna and external risk reports. Provide oversight over relevant risk management activities in the Group’s Subsidiaries, Associates and other international entities. Daily generation and distribution of risk reports related to the above-mentioned risk types to the management as appropriate a manage treasury middle office (“TMO”) activities. Liaise with internal / external auditors and regulators where appropriate. Contribute to relevant sections of the ICAAP process and collaborate with ICAAP Team for preparation of both regulatory and internal risk metrics including FRTB risk metrics. Support the Head of Market & Liquidity Risk to ensure compliance with Group Compliance Policies, Accounting and Operating Procedures and Codes. Support the Head of Market & Liquidity Risk to review and analyze key exposures, limits and their utilization in view of prevailing market conditions. Conduct extensive Macro-economic and Market analysis and present and report key risks and key metrics for Senior Management’s review. Monitor Group’s Strategic and Structural FX NOP position. Monitor, analyze and report key changes with the help of Finance team and report to Senior Management. Act as a back up resource for AVP - PRRBB, Liquidity and FTP Risk in case of need and/or during leaves and trainings. Ensure implementing Risk Management framework and policies within the Bank with particular focus on Market Risk and CCR.Ensure compliance with SCA requirements on risk management activities as assigned by line manager including successful completion of trainings.Update and Maintain Model management documents, standards, operating policies and SOPs for all Market and CCR models. Ensure compliance with MMSG and MRMV Team’s communicated deadlines. Review of Product Programs (PPG) from the perspective of Market Risk and CCR of the Bank. Ensure compliance with Dubai Islamic Bank Group Compliance Policies and Accounting Procedures and Codes. Ensure the Risk Management Framework for Derivative products is consistently applied with regard to Derivatives business in Dubai Islamic Bank. Monitor all risk exposures related to Derivatives against approved limits, including investigating and reporting any excess for approval by the relevant authorities on a timely basis including daily MTM reporting, investigation of differences against external/third party valuations, investigation of Margin calls and reporting of limit excesses. Support the MTM process by ensuring that the MTM sources are updated and reflective of market rates/prices. Coach, train and develop team member skills by identifying training needs and assign appropriate learning platform to the team. Review team member performance and deliverables in line with the approved KPI’s to ensure meeting desired objectives. Work on IT projects related to Derivatives, Market Risk and CCR Management systems. Using the latest risk management tools for controlling the banks market, Counterparty credit and liquidity risk.
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24-Jan-2025
Senior Officer - Cards & E-Channels Fraud Control & Auth
Dubai
Job Purpose: To e x ecu te quality check on critical op er at io nal a c tivities per tain i ng t o C ar ds Frau d C o ntr ol & A uth oriz a tion Uni t w it h res pe c t to tran sac tion f ra ud mon it orin g t o e nsure quality fraud monitoring tasks are performed. Support as a backup staff for the Supervisor during shortage for smooth performance of this unit. Key Responsibilities: Execute and ensure quality check, that all Operations processes are adhered to and assist in recommending changes in existing processes, fraud control techniques, and set parameters and thresholds for monitoring based on market intelligence available and changes in the latest fraud trends. Execute and assist in monitoring of transactional activity to ensure early identification of suspicious transactions with respect to fraudulent usage in order to minimize transactional fraud losses. Report any identified fraudulent activity for immediate action to prevent further losses. Perform investigations to ascertain genuineness of cardholder claim(s) to assist in compensating the cardholder for counterfeit transactions. Periodically review alert generation behavior and report any abnormal activity. Assist in managing Fraud Monitoring tables. Prepare and maintain updated periodic MIS for Fraud Management area. Assist in Identifying processes that can be automated and recommend for implementation accordingly. Assist in ensuring that all processes in the Unit are compliant with Central Bank, VISA International, and DIB rules and regulations in processing of transactions and documentation. Assist in ensuring that all required Regulatory and other periodic Reports / MIS are prepared and submitted on due dates. Ensure support to process genuine high value authorization requests, are handled as per process.
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22-Jan-2025
Manager - Fraud Investigation
Dubai
Job Purpose: To plan, supervise and executes Misconduct Investigation assignments in accordance with the Group Risk Management (GRM) – Operation Risk Management (ORM) Framework and relevant Misconduct Investigation Process. Key Responsibilities: Assist Head of Operational Risk in preparing a Misconduct Investigation Assignment Plan, prioritizing and designing the methodology/strategy of misconduct investigation assignments based on a risk assessment, and sensitivity of cases and exposure, in an effective and efficient manner. Conducting investigations of misconduct and fraud by planning the investigations, determining the investigation objectives, scope, criteria, and methodology to be used to accomplish the assignment. Ascertain the nature of the incident and gather relevant information in order to arrive at the right conclusion of the case by following a proper methodology, and highlight the risks related to the incident being investigated and propose mitigations (if any). Present impartial Investigation results and conclusions in standard investigation report format; the same should be submitted to determined stakeholders. Through misconduct investigation recommendations, promote a culture of ethical behavior, commitment to compliance with applicable laws, regulations and governing standards and guidelines (Code of Conduct and Policies). To perform misconduct investigations assignments, evaluate and report assignment results; and review of work performed by the members of the misconduct investigation team. Maintain the inventory of misconduct investigation for proper reporting.
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