Manager - Supervision

Responsibilities

• Assist in developing, enhancing and implementing the framework, policies, rules and procedures for governing and supervising financial institutions
• Responsible for effective supervision of financial institutions within the FSRA risk-based supervisory plan
• Develop a supervisory plan/strategy appropriate for the firms assigned to mitigate identified areas of supervisory concerns
• Make appropriate use of supervisory tools such as onsite reviews, third-party reviews, and information requests
• Lead and assist in the periodic risk assessment of firms in line with the Supervisory work plan
• Review periodic reports and returns 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 non-compliances identified
• Act as a reference point and provide expertise and support to other colleagues within the Supervision team

Requirements

• Bachelor's / Master's Degree
• Minimum 8 years of experience working in insurance supervision or related roles
• Considerable knowledge of insurance sector regulations, products, services, and market practices
• Experience of the assessment of risks to identify trends, identify concerns, and consider appropriate remedial action
• Well-developed communication skills both in writing and orally
• Good internal and external stakeholder management skills
• Fluent in business English

Preferred Qualifications

• Professional qualification in finance, accounting, risk, or other related specialism
• Industry experience in Financial Services such as in risk management, compliance, or internal audit
• Knowledge and experience of other financial sectors
• Proficient in Arabic or other language(s) and understanding of the Arabic culture

About the Company

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.