Manager, Macro Prudential, Supervision (UAEN)

Overview

Job Purpose

Key Responsibilities

• Manage the development and implementation of the DFSA macro-prudential supervisory activities, including analysing and monitoring the health, soundness, and vulnerabilities of the financial system.
• Gather, organise and analyse data for Authorised Firms and the external environment, and monitor, assess and identify risk trends impacting Authorised Firms from a macro-prudential perspective, and recommend and implement appropriate risk management actions.
• Monitor the macroeconomic environment and external developments and evaluate the potential transmission of risks to authorised firms.
• Participate in thematic and event driven reviews of macro-prudential risks.
• Contribute to design, calibration and execution of top-down prudential stress-testing exercises, including the projection of stress scenarios and analysing the impact on the lending and trading portfolio of authorised firms.
• Support and contribute to the assessment of prudential regulatory frameworks and monitor the prudential regulatory developments at the home jurisdictions of high impact authorised firms.

Educational Background

• Bachelor’s degree in a relevant field such as Business, Finance, Economics, Accounting, Risk Management, Statistics, Data Analytics or Mathematics. A postgraduate degree in similar fields would be considered as an advantage.
• Evidence of continuing professional education relevant to the target position.
• Professional qualifications in finance, risk management, quantitative analysis, etc. such as FRM, CFA, PRM, etc. would be considered as a plus.

Professional Experience

• At least 5 to 7 years of recent regulatory experience with a broadly equivalent financial services regulator with financial/prudential risks background.
• Experience in financial stability analysis and macro‑prudential surveillance, with a focus on commercial banking activity. Relevant micro‑prudential supervisory experience will also be considered.
• Demonstrated experience in data-driven analysis and prudential stress testing, including the application of financial and macroeconomic data to assess systemic risks, and to support the design, calibration and execution of top-down stress-testing frameworks.

Knowledge, Skills & Attributes

• Strong and up to date knowledge and technical expertise in dealing with financial services regulations and international prudential regulatory standards and practices, particularly those relating to international standard setters e.g., Financial Stability Board, Basel Committee on Banking Supervision, International Association of Insurance Supervisors, Islamic Financial Services Board, etc.
• Robust understanding of the responsibilities/role of the regulator and of appreciation of what it means to be a risk-based regulator.
• An in-depth knowledge of the financial services industry, particularly the banking sector, and its unique characteristics with proven technical knowledge and understanding of the key risks in the sector, both at macro-prudential and micro-prudential levels.
• Understanding of current and emerging risk management trends/issues as they relate to the financial services industry.
• Appreciation of the unique features of the regulatory regime in the DIFC and understanding of the nature of the financial service activities offered by authorised firms operating in the Centre.
• Knowledge of the financial and/or non-financial performance indicators, data and risks, and the information and techniques used in the measurement and management of those risks.
• Capable of taking the initiative to manage and deliver tasks on time with limited supervision.
• Excellent research and analytical skills and ability to apply judgment.