Manager, Conduct, Supervision

Position

Location

Dubai

Job Purpose

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.

The Role

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. The Manager is also expected to support other assigned regulatory projects both within the team and across the Supervision Department.

Key Responsibilities

A Manager is expected to spend the majority of their time supporting the Senior Manager and dealing with allocated work streams of regulated entities. The allocated work streams will vary in terms of impact and complexity.

Supervision of Regulated Entities

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.
Validate the closure of poor compliance and weak controls.
Ensure Enforcement referrals are made on time, and as agreed with the relevant Director.
Assist with developing supervisory guidelines for risk assessments.
Update the supervisory tools and systems and have a good knowledge of the analytical tools in order to extract ad hoc reports.
Assist in the assessment of applicants for new financial services licenses, where relevant.

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.

Policies, Systems, Processes & Procedures

Support and / or contribute to the identification of opportunities for continuous improvement of systems, processes and practices of the overall regulatory regime, taking into account 'international leading practice', improvement of business processes, cost reduction and productivity improvement.
Assist in implementing policies and procedures related to Supervision in the supervisory team.
Operating within the first line of defense, you will share responsibility for ongoing risk management while promoting a strong risk culture within the division and across the organisation in line with the Risk Management Framework.

Qualifications, Experience, & Skills

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.
Minimum of 5 7 years of solid and relevant work experience in the financial services or related industries.
Strong analytical and problem solving skills.
Good understanding of the responsibilities/role of the regulator and of what it means to be a risk based regulator.
Able to conduct independent research and ask probing questions.
Capable of taking the initiative to manage and deliver tasks on time with limited supervision.
Able to articulate and present arguments and analysis confidently, clearly and concisely.
Well organised and able to manage multiple assignments concurrently.
Strong communication and presentation skills.
Strong stakeholder management skills, including ability to engage effectively and confidently across divisions.
Be able to work flexibly, autonomously, and co operatively in a collaborative team environment.
Willingness to expand technical knowledge through accredited training.
Strong time management skills embodied in a professional, diplomatic and ethical attitude.