Requirements
The Manager Supervision role requires a Bachelor's or Master's degree and a minimum of 8 years of experience in financial institution supervision. Candidates must possess considerable knowledge of financial entities supervision, risk assessment trends, and strong communication, stakeholder management, influencing, negotiation, teamwork, planning, organization, analytical, responsibility, and integrity skills. Fluency in business English is essential.
Description
Job description / Role
Job Type
Full Time
Job Location
Abu Dhabi, UAE
Nationality
Any Nationality
Salary
Not Specified
Gender
Not Specified
Arabic Fluency
Not Specified
Job Function
Finance, Business Analysis & Consulting
Company Industry
Finance, Investment & Asset Management
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. The Supervision Department follows a holistic, proactive risk-based approach to supervision of financial service providers falling under its remit.
The Manager Supervision is a role within the Supervision Department. The Manager Supervision is responsible, in close liaison with the Senior Manager and Directors, for the supervision of a portfolio of financial institutions. The Manager is expected to execute the FSRA risk-based supervisory approach, as well as contribute to the enhancement of supervisory procedures and the regulatory framework as required. The Manager Supervision will be expected to be a key member of the supervision team and work effectively with all colleagues.
Strategic responsibilities
Assist in developing, enhancing, and implementing the framework, policies, rules, and procedures for governing and supervising financial institutions.
Operational responsibilities
Responsible for effective supervision of financial institutions within the FSRA risk-based supervisory plan.
Make appropriate use of supervisory tools such as reviews, third party reviews, information requests, etc.
Assist in the periodic risk assessment of firms in line with the supervisory work plan, including the planning and executing of supervisory reviews and the drafting and communication of recommendations.
Review periodic reports on an ongoing basis.
Conduct periodic implementation controls and progress reports in areas where deficiencies have been identified.
Build and manage relationships with stakeholders among market participants and other relevant ADGM staff.
Responsible for taking prompt action against deficiencies and non-compliances identified.
Deliver additional tasks that may be delegated from senior management.
Adhere to all internal policies, procedures, standards, and behaviours.
Assist in implementing policies, rules, and processes, including appropriate documentation for all assigned institutions.
Liaise with other internal stakeholders such as Authorisation and/or other FSRA groups, as appropriate.
Participate and deliver on projects that may be allocated.
Managerial
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.
Information security related
Understand, adopt, adhere to, and practice responsibilities or controls as per ADGM Information Security policy and as per best practices explained in the induction and awareness sessions.
Maintain confidentiality, integrity, and availability of the ADGM information at all times, i.e., within as well as outside ADGM.
Education
Bachelor's or Master's degree
Work experience
Minimum 8 years of experience.
Considerable knowledge of financial entities supervision, with sectors regulations and market practices of funds and fund or asset management considered an asset.
Experience of the assessment of risks to identify trends and future regulatory requirements.
Well-developed communication 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.
Fluent in business English.
Desirable
Professional qualification in finance, accounting, risk, or other related specialism.
Industry experience in financial services, for example, in risk management, compliance, or internal audit.
Proficient in Arabic or other language(s) and understanding of the Arabic culture.
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