وصف الوظيفة
Role Overview
Manager - Supervision at the Abu Dhabi Global Market Financial Services Regulatory Authority (FSRA), responsible for the supervision of financial institutions in the Fund Management and Asset Management sectors.
Company Overview
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 Department and the Markets Department. The Supervision Department is responsible for the supervision of banks, insurance companies, money service providers and capital markets, following a holistic, proactive risk-based approach to supervision of financial service providers.
Role Purpose
The Manager - Supervision leads the supervision of a portfolio of financial institutions active in the Fund Management and Asset Management sectors. The role holder executes the FSRA risk-based supervisory approach and contributes to the enhancement of supervisory procedures and regulatory framework. The Manager is expected to be a key member of the supervision team, working effectively with colleagues, the Senior Manager and Directors.
Key Responsibilities
Supervision & Risk Assessment
- Conduct effective supervision of relevant financial institutions within the FSRA risk-based supervisory plan.
- Make appropriate use of supervisory tools such as on-site and off-site reviews, third-party reviews, and information requests.
- Contribute to periodic risk assessment of firms in line with the Supervisory work plan.
- Plan and execute supervisory reviews.
- Produce risk analysis based on data provided by asset and fund managers.
- Assess risks to identify trends and future regulatory requirements.
Regulatory Review & Submission Processing
- Review regulatory submissions made by relevant financial institutions.
- Manage the receipt, acknowledgement and processing of fund-related submissions.
- Assess applications and notifications made to the Regulator by Authorised Persons.
- Review recommendations made by junior staff members prior to escalation to line management.
Recommendations & Compliance
- Draft and communicate recommendations following supervisory reviews.
- Create recommendations for line management consideration.
- Conduct periodic remediation implementation reviews.
- Create progress reports in areas where deficiencies have been identified.
- Take prompt action against deficiencies and non-compliances identified.
Stakeholder Management
- Build and manage relationships with stakeholders among market participants.
- Liaise with other internal stakeholders such as Authorisation and other FSRA groups, as appropriate.
- Maintain good internal and external stakeholder management.
Reporting & Documentation
- Contribute to regular monthly, quarterly and annual reports produced by the Supervision section.
- Assist in implementing policies, rules and processes, including appropriate documentation for all assigned institutions.
Strategic & Project Contributions
- Contribute to developing, enhancing and implementing the framework, policies, rules and procedures for governing and supervising Fund and Asset Management entities.
- Contribute to the development and production of sectoral reports and management information.
- Participate in and deliver projects allocated by senior management.
Team & Knowledge Leadership
- Act as a reference point and provide expertise and support to colleagues within the Supervision team.
- Contribute towards a collaborative team culture within the Supervision team.
Compliance & General Duties
- Adhere to all internal policies, procedures, standards and behaviours.
- Deliver additional tasks delegated from senior management.
- Understand, adopt, adhere and practice responsibilities and controls as per ADGM Information Security policy and best practices.
- Maintain confidentiality, integrity and availability of ADGM information at all times, within and outside ADGM.
Qualifications & Experience
- Bachelor's Degree or Master's Degree.
- Minimum 8 years of relevant experience from a regulatory background.
- Considerable knowledge of Fund Management and Asset Management sector regulations and market practices.
- Considerable knowledge of Fund structures across various fund sectors.
- Experience in the assessment of risks to identify trends and future regulatory requirements.
Skills & Competencies
- Fluent in business English.
- Well-developed communication skills both in writing and orally.
- 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.
Additional Information
Desirable Qualifications & Experience
- Professional qualifications in fund and asset management operations, risk management, compliance or another related specialism.
- Prior supervisory experience in Financial Services Regulation in a comparable supervisory body such as the FCA, DFSA or ESMA, or from within the industry in risk management, compliance or internal audit.
- Proficient in Arabic or other language(s) and understanding of Arabic culture.