Manager - Supervision

The FSRA is responsible for the regulation of Financial Services providers in
the ADGM and for the supervision of regulated activities. The Supervision
Division consists of the Supervision Section and the Markets Section.
The Manager Supervision is a role within the Supervision Section.
The Supervision Section of FSRA is responsible for monitoring the safety and
soundness of banks, insurers, money service providers and capital markets
intermediaries. The Section undertakes impact/risk assessments of individual
financial institutions which will drive the frequency and intensity of the
supervisory approach. The Section adopts a risk-based supervisory approach.
The Manager is responsible, in close liaison with the Senior Manager and
Directors for the supervision of a portfolio of financial institutions. The
Manager is expected to execute the FSRA risk based supervisory approach, as
well as contribute to the enhancement of supervisory procedures and regulatory
framework as required. The Manager will be expected to be a key member of the
supervision team and work effectively with all colleagues.
This role has a strong financial crime focus and requires relevant Financial
Crime prevention experience/Knowledge.
Strategic responsibilities
* Assist in developing, enhance and implement the framework, policies, rules and procedures for governing and supervising financial institutions.
Operational responsibilities
* Responsible for effective supervision of financial institutions within the FSRA risk-based supervisory plan
* Make appropriate use of supervisory tools such as reviews, third parties reviews, information requests etc.
* Assist in the periodic risk assessment of firms in line with Supervisory work plan, including the planning and executing of supervisory reviews and drafting and communication of recommendations
* Review periodic reports on an ongoing basis
* Conduct periodic implementation controls/progress reports in areas where deficiencies have been identified.
* Build and manage relationships with 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 senior management
* Adherence to all internal policies, procedures, standards and behaviours'
* Assist in implementing policies, rules and processes, including appropriate documentation for all assigned institutions.
* 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 and further develop the risk-based
Information Security related
* Understand, adopt, adhere and practice responsibilities or controls as per ADGM Information Security policy and as per best practices explained in the induction and awareness sessions.
* Maintain confidentiality, Integrity and availability of the ADGM Information at all times i.e. within as well as outside ADGM.
Education
* Bachelor's / Master's Degree
Work Experience
* ‎5+ years of experience in financial supervision ideally in financial crime prevention experience/Knowledge.
* Considerable knowledge of banking and asset management sectors regulations and market practices.
* Experience of the assessment of risks to identify trends and future regulatory requirements
* Well-developed communications skills both in writing and orally.
* Good 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.
Desirable:
* Professionally qualification in finance, accounting risk or other related specialism
* Industry experience in Financial Services for example, in risk management, compliance or internal audit.
* Proficient in Arabic or other language(s) and understanding of the Arabic culture.