Senior Specialist - Supervision - Abu Dhabi Global Market

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 FSRA Markets Section.
The Specialist 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 holistic supervision underpinned by a riskbased supervisory approach.

The Senior Specialist role works closely with the Managers and Senior Managers to assist in the implementation of the supervisory framework and in the supervision of a portfolio of financial institutions consistently with FSRAs regulations and risk appetite and international best practices.

Strategic responsibilities

• Assist in the implementation of the short and longterm objectives of Supervision Section.
• Assist in developing enhancing and implementing the framework policies rules and procedures for governing and supervising financial institutions.

Operational responsibilities

• Responsible for supervising firms compliance with relevant rules and regulations and in their periodic impact/risk assessment with support from the Director/Senior Manager/Manager.
• Responsible for the periodic risk assessment of firms the drafting of the supervisory work plan and the execution of the supervisory work plan including the planning and executing of supervisory reviews and drafting and communication of recommendations with support from the Director/Senior Manager/ Manager.
• Responsible for the ongoing analysis of prudential condition of the assigned institutions and their conduct of business and compliance with Financial Crime Prevention framework with support from the Director/Senior Manager/Manager.
• Responsible for/assist in taking prompt action against deficiencies and noncompliances identified including periodic followup to ensure timely resolution of deficiencies.
• Build relationships with regulated institutions and other stakeholders both internal and external to FSRA/ADGM.
• Assist in implementing policies rules and processes including appropriate documentation for all assigned institutions.
• Deliver additional tasks that may be delegated from the Director/ Senior Manager Supervision.
• 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.

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

• Bachelors Degree

Work Experience

• Min 68 years of experience of financial supervision or industry experience in asset and wealth management Funds Contracts for Differences and / or Virtual Assets.
• Good communications skills both in writing and orally.
• Resultsoriented team player.
• Good influencing and negotiation skills.
• Working well in a collaborative environment with a team of diverse professionals.
• Entry level planning organisation and analytical skills.
• Strong sense of responsibility and impeccable integrity.
• Positive cando attitude eager to take on additional responsibilities.
• Eager to learn additional skills both technically and behaviourally.
• Fluent in business English.

Desirable:

• Degree qualification in one of the following disciplines: Finance Banking and Accounting Risk Management Law or related disciplines
• Proficient in Arabic or other language(s) and understanding of the Arabic Culture