وصف الوظيفة
Role Overview
Manager - Supervision at ADGM, Abu Dhabi. The role supervises a portfolio of insurance and potentially other financial institutions within the Financial Services Regulatory Authority (FSRA) Supervision Department, executing risk-based supervisory approaches and contributing to the enhancement of supervisory procedures and regulatory frameworks.
Company Overview
The FSRA is responsible for the regulation of Financial Services providers in the ADGM and supervision of regulated activities. The Supervision Division consists of the Supervision Section and the Markets Section. The Supervision Department supervises banks, insurance companies, money service providers and capital markets intermediaries using a holistic, proactive risk-based approach.
Role Purpose
To supervise a portfolio of insurance and potentially other financial institutions in close liaison with the Senior Manager and Directors, executing the FSRA risk-based supervisory approach while contributing to the enhancement of supervisory procedures and regulatory frameworks as a key member of the supervision team.
Key Responsibilities
Strategy & Framework
- Assist in developing, enhancing and implementing the framework, policies, rules and procedures for governing and supervising financial institutions.
Supervision & Risk Assessment
- Execute effective supervision of financial institutions within the FSRA risk-based supervisory plan.
- Develop a supervisory plan and strategy appropriate for assigned firms together with line manager or backup to mitigate identified supervisory concerns.
- Lead and assist in periodic risk assessment of firms in line with the Supervisory work plan, including planning and executing supervisory reviews.
- Make appropriate use of supervisory tools such as onsite reviews, third party reviews and information requests.
- Review periodic reports and returns on an ongoing basis.
- Conduct periodic implementation controls and progress reports in areas where deficiencies have been identified.
- Responsible for taking prompt action against deficiencies and non-compliances identified.
Reporting & Documentation
- Draft and communicate recommendations from supervisory reviews.
- Assist in implementing policies, rules and processes, including appropriate documentation for all assigned institutions.
Stakeholder Management
- Build and manage relationships with stakeholders among market participants and other relevant ADGM staff.
- Liaise with other internal stakeholders such as Authorisation and other FSRA groups, as appropriate.
Projects & Delivery
- Deliver additional tasks that may be delegated from senior management, including participating in and leading projects.
- Participate and deliver on projects that may be allocated thereto.
Compliance & Governance
- Adhere to all internal policies, procedures, standards and behaviours.
- Understand, adopt, adhere and practice responsibilities and controls as per ADGM Information Security policy and as per best practices explained in induction and awareness sessions.
- Maintain confidentiality, integrity and availability of ADGM information at all times, both within and outside ADGM.
Team & Leadership
- 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.
Qualifications & Experience
- Bachelor's degree or Master's degree.
- Minimum 8 years of experience working in insurance supervision or related roles.
- Considerable knowledge of insurance sector regulations, products, services and market practices.
- Experience in the assessment of risks to identify trends, identify concerns, consider appropriate remedial action and future regulatory requirements.
Skills & Competencies
- Well-developed communication skills both in writing and orally.
- Good internal and external stakeholder management skills.
- Good influencing and negotiation skills.
- Strong teamwork; ability to work collaboratively with a team of diverse professionals.
- Planning, organisation and analytical skills.
- Strong sense of responsibility and impeccable integrity.
- Proactive approach; ability to manage own workload and strong commitment to delivering results.
- Fluent in business English.
Additional Information
Desirable Qualifications & Experience
- Professional qualification in finance, accounting, risk or other related specialism.
- Industry experience in Financial Services, for example in risk management, compliance or internal audit.
- Knowledge and experience of other financial sectors.
- Proficiency in Arabic or other language(s) and understanding of Arabic culture.