Manager, Conduct Supervision

The team monitors the market conduct and client conduct issues across the Regulated Entities. The team is primarily responsible for supervision of the Wealth Management, Brokerage, Advisor-Arranger, and Representative Office sectors as well as Collective Investment Funds.

The team pays close attention to suitability, transparency, and fairness initiatives across all types of Firms. The team oversees the majority of DFSA-regulated entities representing a wide variety of business models, which do not have a dedicated Supervisor. The team will also have dedicated Supervisors for those Firms representing higher degrees of impact or those necessitated closer than normal supervision or contact due to regulatory concerns.

Role

The primary focus of this role is to support and/or contribute efforts to supervise risk across a broad range of regulated entities in line with the risk based approach. This role is responsible for supervision of Conduct of Business Risk and a broad range of regulated entities to ensure compliance with relevant regulations, providing technical guidance, and engagement with internal and external stakeholders.

A Manager in the Conduct of Business Risk Team, Supervision is expected to deliver effective and efficient risk based supervision across Conduct of Business Risk and a broad range of regulated entities, and assist in the execution of supervisory thematic reviews, which is consistent with the Board of Directors statements of risk tolerance.

Key Responsibilities

• Support and/or contribute to the monitoring of risks of regulated entities and ensure they comply with supervisory service standards, processes and procedures.
• Support and/or contribute to the professional discussions with the management of regulated entities to gather and corroborate information for the assessment of risk.
• Support and/or contribute to desk based reviews and onsite risk assessments, thematic reviews, analysing firm specific financial and non financial data through write clear and concise memoranda and reports.
• Analyse firm specific data along with market information, to be able to identify emerging risk trends, which could have a material impact on regulated entities, in order to take appropriate actions and inform the line manager accordingly.
• Draw conclusions and recommend remedial actions as a result of supervisory engagement as appropriate.
• Follow up on the supervisory risk mitigation plans to ensure they are implemented within the agreed timelines and to the satisfaction of the DFSA.
• Validate the closure of poor compliance and weak controls.

Technical Knowledge

• Act as a technical expert in the subject matter and provide internal training as needed.
• Provide advice and technical guidance internally as required to facilitate timely resolution of complex problems or challenges.

Qualifications, Experience & Skills

Educational Background

• University degree in a relevant field (e.g. Business, Finance, Accounting, Risk Management or Economics). A post graduate degree in similar fields would be considered as an advantage.
• Evidence of continuing professional education relevant to target position would be considered a plus.

Professional Experience

• Minimum of 5-7 years of solid and relevant work experience in the financial services or related industries.

Knowledge, Skills & Attributes

• Knowledge in dealing with financial services regulations and international regulatory standards.
• Good understanding of the responsibilities/role of the regulator and of what it means to be a risk based regulator.
• Knowledge of the financial services industry and its unique characteristics with proven technical knowledge and understanding of the key risks in the sector.
• Good understanding of current and emerging risk management trends/issues.