Manager - Supervision

Job Description

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 Markets Section. 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.

Role

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, and to contribute to the enhancement of supervisory procedures and regulatory framework as required. The Manager Supervision will be a key member of the supervision team and will work effectively with all colleagues.

Responsibilities

• Strategic responsibilities: Assist in developing, enhance and implement 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 Supervisory work plan, including planning and executing supervisory reviews and drafting and communication of recommendations.
• Review periodic reports on an ongoing basis.
• Conduct periodic implementation controls/progress reports in areas where deficiencies have been identified.
• Build and manage relationships with stakeholders among market participants and other relevant ADGM staff.
• Take prompt action against deficiencies and non-compliances identified.
• Deliver additional tasks that may be delegated from senior management.
• Adherence 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 there.

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

• Understand, adopt, adhere and practice responsibilities or controls as per ADGM Information Security policy and best practices as explained in induction and awareness sessions.
• Maintain confidentiality, integrity and availability of ADGM information at all times.

Education and Experience

• Bachelor's / Master's Degree
• Minimum 8 years of experience
• Considerable knowledge of financial entities supervision, with sectors regulations and market practices of funds and fund/asset management considered an asset.
• Experience in assessing risks to identify trends and future regulatory requirements.
• Well-developed written and oral communication skills.
• Strong internal and external stakeholder management skills, influencing and negotiation abilities.
• Demonstrated teamwork, planning, organization and analytical skills; strong sense of responsibility and integrity.
• Fluent in business English.

Desirable

• Professional qualification in finance, accounting, risk or related specialism.
• Industry experience in Financial Services (e.g., risk management, compliance or internal audit).
• Proficiency in Arabic or other languages and understanding of Arabic culture.

About Us

The FSRA was established to advocate a progressive financial services environment and uphold the integrity of ADGM. The FSRA's policies are aligned with internationally recognised standards and ensure that financial entities operate with certainty, market participants thrive in an equal level-playing environment, and the interests of investors are safeguarded.

About The Team

Abu Dhabi Global Market is an award-winning international financial centre located in the capital of the United Arab Emirates. Established by UAE Federal Decree, ADGM's jurisdiction extends across the entire 114 hectares of Al Maryah Island. ADGM's three independent authorities - the Registration Authority (RA), the Financial Services Regulatory Authority (FSRA) and ADGM Courts - work together to ensure a business-friendly environment aligned with international best practices recognized by major financial centres worldwide.

About the company

ADGM

Be vigilant about potential scams, phishing attempts, or fraudulent activities. Seek credible sources or reviews to assess trustworthiness of the company. Your personal and financial security is paramount. SupportFinity is not responsible for any consequences that may arise from disclosing information to unauthorized or fraudulent entities.