Manager - Policy - 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

beBee Recruiter

Description

The Financial Services Regulatory Authority (FSRA) is responsible for the regulation of financial services providers in Abu Dhabi Global Market (ADGM) and for the regulation of related activities.

The Manager - Policy is to assist the Director - Policy in the following areas, including through the provision of high-quality policy advice and other services to all departments of the FSRA and, where necessary, ADGM more widely.

Identifying and implementing policy initiatives relevant to the development and maintenance of the regulatory framework of the FSRA in line with international standards set by bodies including the BCBS, IOSCO, the IAIS and FATF.
Preparing relevant Board Papers and legislative changes and engaging with the ADGM Office of Legal Affairs, Governance and Compliance.
Providing advisory services in order to enable other divisions of the FSRA to achieve the objectives of the FSRA and ADGM.
Supporting the growth and development of key sectors in ADGM through policy and legislative initiatives including the following:
Asset Management;
FinTech, Regtech and Suptech;
Private Banking and Wealth Management;
Market Infrastructure and Digital Assets; and
Sustainable Finance.
Reviewing and providing feedback to legislation enacted by other local and federal regulatory and government authorities including the CBUAE, SCA and the MoF.

Participating in any working groups and committees with other local and federal regulatory and government authorities, including international assessments of the UAE undertaken by the OECD, FATF and the IMF/World Bank.

Provide other departments in the FSRA with timely, high quality and consistent advisory services in order to enable the FSRA to achieve its objectives and those of the ADGM through the following:
In conjunction with the Legal team consider and where appropriate respond to policy queries and interpretation requests from internal and external stakeholders.
Peer reviewing materials produced by the team, the division and other areas of the FSRA and ADGM.
Maintaining and periodically reviewing the legal advices database for new queries.
Contribute to the legislative drafting process for both improvements to the current FSRA legislative framework and any new legislative initiatives as well as any other associated legislation where relevant to the FSRA and the broader ADGM.
Manage the public consultation process with respect to legislative changes proposed by the FSRA. Draft public consultation papers for issuance to the FSRA stakeholders. Represent the FSRA in engagements with stakeholders as part of the consultation process.
Provide scrutiny of materials and feedback for Internal governance and policy committees and other advisory committees where required.
Undertake a regular review of the international financial services policy and legislative landscape and propose any relevant proposals for improvement for consideration by the FSRA.
Where appropriate, participate in national and international forums with regulatory bodies to consult on policy and legislative matters relating to financial services and its regulation.
Where required by the Director, manage relationships with external stakeholders, including international regulators, market participants and any other relevant stakeholders.
Manage policy projects, including staff and external resources.
Monitor and seek to improve the internal processes and procedures of the team, the division and, where required to do so, the FSRA.

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.
Confidentiality, Integrity and availability of the ADGM Information shall be maintained at all times i.e. within as well as outside ADGM.

Education

Bachelors / Masters degree

Work Experience

Essential _
Minimum of 810 years of experience in the field or other relevant ones.
Expertise in leading and contributing to the creation and implementation of regulatory policies.
Strong internal and external stakeholder management skills, including excellent influencing and negotiation skills.
Demonstrate strong project management, planning, organisation and analytical skills.
Ability to exercise judgement on the relative importance of competing issues, as part of a multidisciplinary team including policy specialists, lawyers, supervisors.
Ability to work independently with little or no supervision, including taking the initiative where appropriate.
Excellent written and oral communication skills to translate complex ideas into plain language for others at all levels of the FSRA, other ADGM authorities and external stakeholders.
Fluent in business English.
Desirable _
Experience of working in or with a national or international regulatory body.
Specialist knowledge in the areas of asset management, private w