Manager - Surveillance

Role Overview

Manager - Surveillance at ADGM, reporting to the Senior Manager – Markets (Surveillance). This role is based within the Markets Department of the Supervision & Markets Division and focuses on monitoring and supervising trading activity in Spot Virtual Assets and Virtual Asset Derivatives on Recognised Investment Exchanges and MTFs within ADGM.

Company Overview

The FSRA is responsible for the regulation of Financial Services activities in the ADGM. The Supervision & Markets Division consists of the Supervision Division and the Markets Division. The Markets Department covers Financial Instruments, Virtual Assets and Spot Commodities, and authorises and supervises Market Infrastructures (Recognised Investment Exchanges, Recognised Clearing Houses, MTFs, OTFs and Securities settlement facilities), Remote Bodies, Remote Members, Issuers, Reporting Entities and Benchmark Providers. It is also responsible for the development and oversight of the offering, listing, trading, settlement, clearing and surveillance regimes benchmarked to international regulatory standards.

Role Purpose

This Manager role is a key member of the Markets (Surveillance) team with accountability for monitoring and supervising trading activity undertaken on Recognised Investment Exchanges and MTFs within ADGM, ensuring that such activity is fair and orderly. The role will focus on surveillance alert investigations and management, supporting the wider operations of the Surveillance Team.

Key Responsibilities

Monitoring & Alert Management

• Manage real-time and end-of-day market monitoring, ensuring that Surveillance alerts are coded accurately within set timeframes with comprehensive recording of decisions.
• Perform testing and maintenance of test environments as required.
• Assist with maintaining core systems including issue resolution, scheduled maintenance, upgrades and technical issues.

Market Abuse Investigation & Escalation

• Identify, investigate, manage and escalate potential Market Abuse matters, including insider trading and market manipulation.
• Ensure the market is monitored for instances where the market may not be fully informed, working with FSRA Listing Authority colleagues.
• Ensure Surveillance takes a proactive approach to ensure issues are escalated in a timely and professional manner.

Stakeholder Engagement & Collaboration

• Engage and support the Senior Manager in servicing a diverse range of stakeholders including exchanges, trading platforms, Market Participants, and data and system vendors.
• Work collaboratively with internal teams, including on market supervision matters.
• Keep up to date and advise Line Management on changes to regulations and policy that will impact Markets functions.

Operations & Procedures

• Monitor and update operational procedures and risk controls.
• Contribute to monthly, quarterly and annual reporting by Markets.
• Deliver on additional tasks delegated from Line Management.
• Adhere to all internal policies, rules and behaviours.

Strategic Development

• Continuously improve Markets and Surveillance practices to ensure that ADGM takes a leading role in market surveillance, Derivative, Virtual Asset and related capital market developments.
• Pro-actively engage with ADGM, regional and international market participants and other stakeholders.
• Assist in various technology implementation projects across the FSRA as required.

Information Security

• Understand, adopt, adhere to 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.

Qualifications & Experience

• Minimum Bachelor's degree.
• Professionally qualified in one of the following disciplines: Finance, Banking, Accounting, Economics, Law or a related discipline.
• 8+ years of experience in the same field.
• Experience working within a market surveillance team across Virtual Asset and Derivative markets.
• Experience in a fast-paced, deadline-driven operational environment.
• Proven ability to work with IT vendors, internal IT staff and systems.
• Understanding of Market Infrastructures (exchanges, clearing houses and trading platforms), including knowledge of their operation locally and internationally.
• Fluent in business English.

Skills & Competencies

• Strong internal and external stakeholder management skills.
• Demonstrated project management, planning, organisation and analytical skills.

Additional Information

Desirable Qualifications & Experience

• Prior experience in establishment, testing and maintenance of surveillance systems.
• Experience in supervising exchanges and other trading platforms.
• Knowledge of the FSRA Market Infrastructure Rulebook (MIR), Markets Rulebook (MKT) and Code of Market Conduct (CMC).
• Experience in dealing with local and international regulatory bodies.
• Experience in FIX Feed development, requirements and management.
• Proficient in Arabic or other language(s) and understanding of Arabic culture.