وصف الوظيفة
Role Overview
Manager - Supervision at ADGM, based in Abu Dhabi Global Market. The role supports the Financial Services Regulatory Authority's supervision of banks, insurance companies, money service providers, and capital markets intermediaries.
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 follows a holistic, proactive risk-based approach to supervision of financial service providers.
Role Purpose
Supervise a portfolio of banks and potentially other financial institutions in close liaison with the Senior Manager and Directors. Execute the FSRA risk-based supervisory approach, contribute to the enhancement of supervisory procedures and regulatory framework, and serve as a key member of the supervision team.
Key Responsibilities
Strategy & Framework Development
- 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 in conjunction with line manager or backup to mitigate identified supervisory concerns.
- Lead and assist in periodic risk assessment of firms in line with supervisory work plan, including planning and executing supervisory reviews.
- Draft and communicate recommendations from supervisory reviews.
- Make appropriate use of supervisory tools such as onsite reviews, third-party reviews, and information requests.
Monitoring & Compliance
- Review periodic reports and returns on an ongoing basis.
- Conduct periodic implementation controls and 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 and other relevant ADGM staff.
- Liaise with other internal stakeholders such as Authorisation and other FSRA groups as appropriate.
Implementation & Documentation
- Assist in implementing policies, rules and processes, including appropriate documentation for all assigned institutions.
Project Delivery
- Deliver additional tasks delegated from senior management, including participating in and leading projects.
- Participate and deliver on projects allocated to the role.
Team Leadership & Culture
- 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 & Governance
- Adhere to all internal policies, procedures, standards and behaviours.
- Understand, adopt, adhere to and practice responsibilities and controls as per ADGM Information Security policy and best practices explained in induction and awareness sessions.
- Maintain confidentiality, integrity and availability of ADGM information at all times, both within and outside ADGM.
Qualifications & Experience
- Bachelor's Degree or Master's Degree.
- Minimum 8 years of experience working in banking supervision or related roles.
- Considerable knowledge of banking sector regulations, products, services, and market practices.
- Experience in assessment of risks to identify trends, identify concerns, consider appropriate remedial action and future regulatory requirements.
Skills & Competencies
- 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.
- Demonstrate a 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.
- Proficient in Arabic or other language(s) and understanding of Arabic culture.
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