Senior Manager - Supervision

at  Abu Dhabi Global Market

The FSRA is responsible for the regulation of Financial Services providers at Abu Dhabi Global Market.
The Supervision & Markets Department consists of the Supervision Division and the Markets Division.
The Supervision Division is responsible for the supervision of banks, insurance companies, money service providers and capital markets. The Supervision Division follows a holistic, proactive risk-based approach to supervision of financial service providers.
The Senior Manager Supervision is a role within the Supervision Division. The Senior Manager is responsible, in close liaison with the Supervision Director, for the supervision of a portfolio of financial institutions in line with FSRA’s regulations, FSRA’s risk appetite and international best practices. The Senior Manager is expected to contribute towards the continued development of FSRA supervisory approach following international regulatory developments as well as the continued enhancement of supervisory procedures and regulatory framework, rules and policy initiatives. The Senior Manager will be expected to be a point of supervisory expertise and reference to the rest of the team across a variety of sectors.
The role works closely with the Director and other colleagues within the Supervision Division and across FSRA.

EDUCATION

• Bachelor’s / Master’s Degree

WORK EXPERIENCE

• Min 10-12 years of experience in financial supervision and /or Industry experience in Financial Services compliance / risk management / internal audit, preferably in Asset and Wealth Management, Funds and / or Brokerage sectors with exposure to complex products such as Contracts for Differences and / or Virtual Assets.
• Experience in planning and executing risk assessments of Financial Services firms including both desk based and onsite.
• Considerable knowledge of conduct of business and asset / fund management regulations and international market practices.
• Considerable knowledge of AML / CFT and TFS regulation.
• Experience of the assessment of risks to identify trends and future regulatory requirements
• Expertise in the implementation of regulatory policies.
• Well-developed communications skills both in writing and orally.
• Strong internal and external stakeholder management skills
• Good influencing and negotiation skills.
• Demonstrate strong teamwork, working collaboratively with a team of diverse professionals.
• Demonstrate planning, organisation and analytical skills
• Demonstrate a strong sense of responsibility and impeccable integrity.
• Fluent in business English.

STRATEGIC RESPONSIBILITIES

• Assist in the execution and implementation of Supervision’ strategic objectives and operational goals..
• Assist in developing, enhancing and implementing the framework, policies, rules and procedures for governing and supervising financial institutions.
• Assist and lead in the administration of rules, policies and procedures governing the supervision of financial service providers.
• Pro-actively engage with ADGM, regional and international market participants and other stakeholders to keep up to date with market and industry developments

OPERATIONAL RESPONSIBILITIES

• Responsible for supervising financial institutions’ compliance with relevant rules and regulations and developing a risk-based supervisory plan, using all relevant information and the FSRA Risk/Impact Assessment methodology.
• Make appropriate use of supervisory tools such as reviews, third parties reviews, information requests etc.
• Complete the periodic risk assessment of firms, the drafting and execution of the supervisory work plan, including the planning and executing of supervisory reviews and drafting and communication of recommendations, in liaison with the Director.
• Conduct ongoing analysis of prudential condition of financial institutions and their conduct of business as well as financial crime prevention activities.
• Conduct periodic implementation controls/progress reports in areas where deficiencies have been identified.
• Build and manage relationships with senior stakeholders among market participants and other relevant ADGM staff.
• Responsible for taking prompt action against deficiencies and non-compliances identified.
• Deliver additional tasks that may be delegated from the Director (e.g. ad-hoc projects, spot reviews, investigation, etc…).
• Adherence to all internal policies, procedures, standards and behaviours.
• Assist in implementing policies, rules and processes, including appropriate documentation for all assigned institutions.
• Deliver additional tasks that may be delegated from the SED / Executive Director / Director - Supervision.
• Liaise with other internal stakeholders such as Authorisation and/or other FSRA groups, as appropriate.
• Participate and deliver on projects that may be allocated thereto.
• Act as a point of supervisory expertise and reference to the rest of the team across a variety of sectors and further develop the risk-based approach