Manager - Supervision - Abu Dhabi, United Arab Emirates - Abu Dhabi Global Market

Abu Dhabi Global Market

Verified Company

Abu Dhabi, United Arab Emirates

1 week ago

Posted by:

Ahmed Al-Mansouri

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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 Manager Supervision is a role within the Supervision Section.

The Supervision Section of FSRA is responsible for monitoring the safety and soundness of banks, insurers, money service providers and capital markets intermediaries.

The Section undertakes impact/risk assessments of individual financial institutions which will drive the frequency and intensity of the supervisory approach.

The Section adopts a risk-based supervisory approach.

The Manager 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 regulatory framework as required.

The Manager will be expected to be a key member of the supervision team and work effectively with all colleagues.

This role has a strong financial crime focus and requires relevant Financial Crime prevention experience/Knowledge.

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 riskbased supervisory plan
Make appropriate use of supervisory tools such as reviews, third parties reviews, information requests etc.
Assist in the periodic risk assessment of firms in line with Supervisory work plan, including the planning and executing of 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.
Responsible for taking prompt action against deficiencies and noncompliances 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 thereto and further develop the riskbased

Information Security related

Understand, adopt, adhere 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 / Master's Degree

Work Experience

5+ years of experience in financial supervision ideally in financial crime prevention experience/Knowledge.
Considerable knowledge of banking and asset management sectors regulations and market practices.
Experience of the assessment of risks to identify trends and future regulatory requirements
Welldeveloped communications 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:

Professionally 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.