To provide strategic direction, motivational leadership and operational oversight for the Research and Development Department. Determine the strategy for the Department, set and deliver department objectives that enable IRTI to achieve its goals, and take the significant operational decisions. To drive IDB Group’s strategic objective of building and promoting Islamic Economics and Finance policies and practices. To lead the provision of Islamic Economics and Finance advisory and technical assistance to IDB Group Member and Non-Member Countries. To provide leadership to the department in its role as a focal point between the IDB Group and Islamic infrastructure and multilateral institutions in promoting and developing of Islamic Finance.
Strategy and policy development, and operational management
Lead the formulation, development and implementation of the Research and Development Department strategy in support of IDBG’s goals and in response to emerging trends or client/customer needs.
Drive the development of Islamic Financial Services Industry (IFSI) through research, advisory services and technical assistance.
Develop, implement and monitor the Research and Development Department’s business plans, KPIs, budgets and objectives; provide regular management reports that include insight, analysis, forecasting and comment on Department performance and results.
Identify opportunities and champion initiatives that enable the Research and Development Department to increase its impact or to deliver innovative and differentiated services, encouraging Department members to contribute to achieve its goals.
Ensure the Research and Development Department works effectively, proactively and with urgency across IDB Group and externally to ensure the delivery of joint services/results that meet IDB Group’s interests and for knowledge sharing.
Research Analysis and Studies
Oversee the production of IRTI’s Journal of Islamic Economics Studies (in Arabic, English and French) and the selection of publications.
Initiate and oversee basic, applied and policy research to develop models and methods for the application of Shari’ah in economics, finance and banking.
Commission institutional and economic research on Islamic Economics and Finance issues, such as the risk characteristics of Islamic compared to conventional finance, monetary and financial stability in the presence of Islamic Economics and Finance and practical aspects of Zakat and Awqaf implementation and their role in IFSI development.
Initiate and oversee studies on economic behaviour and decision making in Islamic Economics and Finance and on general emerging trends, common themes and issues in IFSI.
Initiate and oversee surveys on economic cooperation among member countries.
Advisory and Technical Assistance
Lead and coordinate the provision of expert advisory services and technical assistance, broad strategies, standards, best practices and technical guidance to member country governments and agencies on policy design and implementation related to Islamic Economics and Finance.
Initiate and oversee the dissemination of reviews, insights and reports on the progress and state of IFSI in OIC countries and globally, and oversee organisation of global forums for the publication and review of related topics, e.g. financial stability, development and inclusiveness.
Oversee the provision of capacity building services to create an enabling environment for the Islamic Economics and Finance services industry in collaboration with the Chief Economist and the Operations Complexes and the IFS Department.
Encourage and enable policy dialogue with member countries in partnership with local, regional and global institutions engaged in IFSI.
Oversee assistance to member countries in building Zakat and Awqaf institutions.
Promoting IFSI Services
Lead and facilitate effective department coordination and cooperation with other IDB Group departments and internal stakeholders to raise awareness on IFSI matters.
Lead the development and support of external IFSI research institutions in member and non-member countries.
Initiate organization of symposia, conferences and seminars to promote policy dialogue and to create Islamic Economics and Finance knowledge sharing opportunities.
Represent IRTI in external events such as conferences and seminars related to IFSI.
Responsible for maintaining a knowledgebase, an inventory of best practices and a comprehensive and up-to date view of IFSI.
Relationship Management
Initiate and implement new ways for raising the profile, influence and impact of IRTI.
Lead the commercialisation of IRTI services, and benchmark IRTI’s services against comparative services, including price, service levels and products.
Continually scan the external environment to identify opportunities for IRTI to increase its role.
Ensure the Department is the focal point of contact for Islamic Economics and Finance matters to member country representatives and other interested institutions and groups.
Take a proactive role in IDB’s Community of Practice such as Poverty Alleviation, Islamic Financial Sector Development, Capacity Building Information and Communication Technology for Development.
Networking and Partnership
Establish strong synergies and networks within the IDB Group (especially Chief Economist, Operations and IFSI Department) and provide support and coordination with government and development partners in Member Counties in matters related to IFSI.
Ensure the Department is the focal point between the IDB Group and other multilateral and supranational institutions and partners in their efforts towards promotion and development of Islamic Finance in coordination with IDB Group relevant Department and members.
Develop partnerships with academic, research institutions and standard setting bodies at local, regional and global levels to promote and accomplish IRTI’s goals.
Governance and Systems
Define clear Project-wide roles, responsibilities and accountabilities, along with matching authorities, to provide a structure that would strengthen accountabilities at all levels of the Project.
Develop and manage the development and implementation of standards, policies and processes for performance of the rituals, shipping, distribution, warehousing, and operation and maintenance of assets, equipment, veterinarian services, safety and security, and environment.
Ensure that all the department services are provided effectively, aligned with best practices and guidelines, and utilized in an efficient and cost-effective manner to support the Project’s business needs.
People management
Provide motivational and inspirational leadership for the Research and Development Department, and communicate to Division Managers clear performance expectations.
Manage the performance and resources of the Research and Development Department through delegation of responsibility, setting stretch objectives and providing regular feedback on results at a Department and Division level, promptly addressing areas of underperformance.
Monitor and assess the skills and capabilities of the Research and Development Department, and determine the actions needed to increase the Department’s impact or to resolve capability gaps.
Coach, mentor and develop the Division Managers and the top talent/high potentials in the Research and Development Department; succession plan for key roles.
Knowledge Sharing and Innovation
Identify, recommend and implement sponsorship of local, sub-regional, and regional training workshops and seminars to increase the sharing of experience and knowledge among the concerned stakeholders.
Raise awareness of IDB on a regional platform, forge new relationships with key regional players and present new, innovative solutions and opportunities.
Develop publications, convene meetings, and undertake studies and benchmarking to promote awareness and harmonize activities with other MDBs on best practices in the area.
Ensure appropriate follow up, undertake reporting on the effectiveness of projects in achieving their objectives, and disseminate lessons learnt.
Represent IDB in multilateral and regional events and forums, e.g., coordination and consulting meetings, policy discussions and dialogues, conferences, and communities of practices.
Reporting and Communication
Analyse and prepare regular monitoring reports on projects portfolio and operation and maintenance work, and suggest measure for improvement of Operations Area’s impact.
Communicate intended results, results achieved, performance, and lessons learnt within the Project as well as to its Management, relevant governing bodies, partners and other key stakeholders.
Coordinate the production of flagship reports on IFSI report in cooperation with the IDB Group members.
Act as a role-model to communicate to Department members IDB’s values and leadership competencies; provide direction and support in times of change.
QUALIFICATION / EXPERIENCE:
Field of Study : Degree in Business Administration / Economics / Islamic Finance / any relevant discipline.
20 years with Bachelor
17 years with Master
15 years with Doctorate
Related Certification is required.
Technical Skills and Necessary Knowledge:
Technical Skills :
Knows the various approaches and elements for development in in one or more sub-topics
Proven ability to lead high-level client discussions as well as deeper application in at least one of the sub-topics
Is sought out to serve as an authority and / or to peer review the work of others, technical advice to clients, partners through inter alia, project preparation and implementation.
Able to formalize relevant best practices and disseminates them in the Project and to the Project’s clients and other partners involved.
Necessary Knowledge :
Detailed knowledge of Islamic Economics and Finance required.
In-depth knowledge of relevant Shari’ah regulations.
Knowledge of various aspect of development banking business and operating models and knowledge of market trends and best practices.
Development Incubation/Innovation and Venturing.
Deep knowledge of development Shariah-based model and principles.
Extensive experience in advisory services and technical assistance.
Strong experience providing executive level support to multiple stakeholders.
Ability to lead the production of quality reports and policy papers, in highly demanding environment.
Knowledge of the development industry in particular development needs of the region and cooperation for regional integration, etc.
Knowledge of the IDB Group’s Vision, Strategies, Products, Internal Processes, Standards, Policies and Procedures, Services and Business Environment.
COMPETENCIES:
Adaptability
Teamwork
Client Centricity & Stakeholder Management
Motivation to Learn and Share Knowledge
Drive for Results
Change & Transition Management
Communication and Building Partnerships
Solutions & Result Management
Innovation & Future Orientation
International Mindset and Multicultural Sensitivity
Analytical Thinking
Problem Solving
Bank Knowledge
Economic Analysis and Assessment
Facilitation and Evaluation
Islamic Finance
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