Senior Manager - Policy

The Financial Services Regulatory Authority (FSRA) is responsible for the regulation of financial services in Abu Dhabi Global Market (ADGM) and the supervision of firms authorized to provide financial services.

The Senior Manager will be a member of the Policy team and assist the Director in identifying and implementing policy initiatives that support the growth and the development of the financial services sector and the wider commercial framework in ADGM, specifically in the areas of:

New Age Finance (such as Fintech, HealthTech, Crypto and Cyper Tech);

Traditional Finance (such as Private Banking & Wealth Mgmt, M&A and Treasury)

This will require the identification of relevant new policy initiatives needed for the effective ongoing regulation of financial services in ADGM, alongside the maintenance of existing policies as enacted through the FSRA Rulebooks, collaborating with members of the Legal team and other operational units within ADGM as necessary.

The Policy team also monitors the regulatory frameworks implemented by other local and federal regulatory and government authorities including the CBUAE, SCA and MOF, and collaborates with those and other authorities on international assessments of the UAE undertaken by bodies such as the OECD, FATF, the IMF and the World Bank.

There is also engagement with supranational regulatory organisations such as the BCBS, IOSCO and the IAIS, in monitoring updates to their regulatory frameworks that may need to be implemented in ADGM and also responding to fact-finding exercises and surveys that they undertake.

Assist the Director in providing the FSRA with high quality policy advice in order to achieve the overarching objectives of both the FSRA and ADGM more widely

Assist in the development and ongoing review of the policies and rules for the FSRA, in prudential, conduct and AML/CFT areas

Respond to policy queries from internal stakeholders, market participants and other regulatory authorities, in conjunction with the Legal team as appropriate

Identify, recommend and present policy development options for consideration by the Chief Executive Officer of the FSRA and its decision-making bodies, ensuring they are underpinned by robust analysis and evidence

Lead multi-disciplinary project teams working on policy initiatives across both the FSRA and, where necessary, ADGM as a whole

Manage public consultations arising from proposed regulatory changes

Where required, manage relationships with external stakeholders, including international regulators and market participants

Assist in the improvement and management of processes and procedures for the Policy team and the wider Policy & Legal division

Regularly review the international financial services landscape and propose any relevant policy matters for consideration by the FSRA

Where appropriate, participate in international forums with other regulatory bodies to consider policy matters relating to financial services and in particular financial services regulation

Manage more junior members of the team where required

Other potential responsibilities arising from contributing to the efficient functioning of the FSRA and ADGM as a whole

Information Security related

understand, adopt, adhere to and practise responsibilities or controls as per the ADGM Information Security policy and as per best practices explained in the induction and awareness sessions; and

maintain the confidentiality, integrity and availability of ADGM Information at all times, both within and outside ADGM

A Bachelor’s Degree or equivalent qualification

A minimum of 10+ years of experience in working for a financial services regulator, supranational regulatory body or equivalent government body or in a relevant field in the financial services industry