Manager - Supervision

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 Supervision Division consists of the Supervision Department and the Markets Department.

The Supervision Department is responsible for the supervision of banks, insurance companies, money service providers and capital markets.

The Supervision Department follows a holistic, proactive risk-based approach to supervision of financial service providers falling under its remit.

The Manager - Supervision (Fund and Asset Management) is a role within the Supervision Department.

The role holder is responsible, in close liaison with the Senior Manager and Directors for the supervision of a portfolio of financial institutions active in the Fund Management and / or Asset Management sectors.

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

Operational responsibilities

Responsible for effective supervision of relevant financial institutions within the FSRA risk-based supervisory plan

Make appropriate use of supervisory tools such as on-site / off-site reviews, third parties reviews, information requests etc.

Contribute to the periodic risk assessment of firms in line with Supervisory work plan, including the planning and execution of supervisory reviews, and drafting and communication of recommendations

Review regulatory submissions made by relevant financial institutions.

Produce risk analysis based on the data provided by asset / fund managers.

Manage the receipt, acknowledgement and processing of fund related submissions.

Assess applications and notifications made to the Regulator by Authorised Persons and create recommendations for line management consideration.

Review recommendations made by junior staff members prior to escalation to line management.

Conduct periodic remediation implementation reviews and create progress reports in areas where deficiencies have been identified.

Build and manage relationships with stakeholders among market participants and other relevant ADGM staff.

Take prompt action against deficiencies and non-compliances 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.

Contribute to the regular monthly, quarterly and annual reports produced by the Supervision section.

Participate in and deliver projects that may be allocated thereto

Strategic responsibilities

Contribute to developing, enhancing and implementing the framework, policies, rules and procedures for governing and supervising Fund and Asset Management entities.

Contribute to the development and production of sectoral reports and management information.

Act as a reference point and provide expertise and support to other colleagues within the Supervision team.

Contribute towards a team culture within the Supervision team.

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.