Job Description

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 Supervision Division consists of the Supervision Department and the Markets Department.

The Supervision Department is responsible for the supervision of banks, insurance companies, money service providers and capital markets. The Supervision Department follows a holistic, proactive risk-based approach to supervision of financial service providers falling under its remit.

The Manager Supervision is a role within the Supervision Department. The Manager Supervision 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 Supervision will be expected to be a key member of the supervision team and work effectively with all colleagues.

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 there.

Managerial

• Act as a reference point and provide expertise and support to other colleagues within the Supervision team.
• Contribute towards a team culture within the Supervision team.

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.

1. Education

• Bachelor’s / Master’s Degree

1. Work Experience

• minimum 8 years of experience
• Considerable knowledge of financial entities supervision, with sectors regulations and market practices of funds and fund/asset management considered an asset.
• 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.p

The FSRA was established to advocate a progressive financial services environment and uphold the integrity of ADGM. The FSRA’s policies are aligned with internationally recognised standards and ensure that financial entities operate with certainty, market participants thrive in an equal level-playing environment, and the interests of investors are safeguarded.