Senior Specialist - Supervision

Role Overview

Senior Specialist - Supervision at ADGM. The role is situated within the Supervision Section of the Financial Services Regulatory Authority (FSRA), responsible for the regulation and supervision of Financial Services providers in the Abu Dhabi Global Market.

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 Section and the FSRA Markets Section. The Supervision Section monitors the safety and soundness of banks, insurers, money service providers and capital markets intermediaries, undertaking impact and risk assessments of individual financial institutions to drive the frequency and intensity of the supervisory approach. The Section adopts holistic supervision underpinned by a risk-based supervisory approach.

Role Purpose

The Senior Specialist works closely with Managers and Senior Managers to assist in the implementation of the supervisory framework and in the supervision of a portfolio of financial institutions, consistently with FSRA's regulations and risk appetite and international best practices. The role has a strong financial crime focus and requires relevant Financial Crime prevention experience and knowledge.

Key Responsibilities

Strategy

• Assist in the implementation of the short- and long-term objectives of the Supervision Section.
• Assist in developing, enhancing and implementing the framework, policies, rules and procedures for governing and supervising financial institutions.

Supervision & Risk Assessment

• Monitor firms' compliance with relevant rules and regulations and conduct periodic impact and risk assessments, with support from the Director, Senior Manager, or Manager.
• Conduct periodic risk assessments of firms, draft supervisory work plans, and execute supervisory work plans, including planning and executing supervisory reviews, drafting and communicating recommendations, with support from the Director, Senior Manager, or Manager.
• Analyze the ongoing prudential condition of assigned institutions and their conduct of business and compliance with the Financial Crime Prevention framework, with support from the Director, Senior Manager, or Manager.

Compliance & Remediation

• Take prompt action against deficiencies and non-compliances identified, including periodic follow-up to ensure timely resolution.
• Implement policies, rules and processes, including appropriate documentation for all assigned institutions, and assist in this work as needed.

Stakeholder Management

• Build relationships with regulated institutions and other stakeholders, both internal and external to FSRA and ADGM.
• Liaise with other internal stakeholders such as Authorisation and other FSRA groups as appropriate.

Information Security

• 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.

General

• Deliver additional tasks delegated from the Director or Senior Manager Supervision.
• Participate and deliver on projects allocated to the role.

Qualifications & Experience

• Bachelor's Degree.
• Minimum 6 to 8 years of experience in financial supervision or industry experience in asset and wealth management, Funds, Contracts for Differences, and/or Virtual Assets, with specific relevant Financial Crime prevention experience and knowledge in one or more of these sectors.
• Desirable: Degree qualification in Finance, Banking and Accounting, Risk Management, Law, or related disciplines.

Skills & Competencies

• Good communication skills, both written and oral.
• Results-oriented team player.
• Good influencing and negotiation skills.
• Ability to work well in a collaborative environment with a team of diverse professionals.
• Entry-level planning, organisation and analytical skills.
• Strong sense of responsibility and impeccable integrity.
• Positive "can-do" attitude, eager to take on additional responsibilities.
• Eager to learn additional skills, both technically and behaviourally.
• Fluent in business English.
• Desirable: Proficient in Arabic or other languages and understanding of Arabic culture.