Senior Manager, Resolution Supervision
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Key skills for this role
About the Role
The Dubai Financial Services Authority seeks a Senior Manager to lead resolution planning, resolvability assessments, and crisis preparedness for DIFC firms. The role requires 10-12 years of regulatory experience in financial services resolution or supervision, with expertise in bank resolution and crisis management.
Key Skills for This Role
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Job Purpose
- The Senior Manager, Resolution will support the DFSA’s exercise of its resolution functions and powers for the DIFC, with primary responsibility for resolution planning, resolvability assessments, crisis preparedness and, where required, supporting the orderly resolution of authorised firms operating in or from the DIFC.
- The role will contribute to the development and enhancement of the DFSA’s resolution framework, including relevant methodologies, procedures, guidelines, internal playbooks and crisis management arrangements, and will coordinate with supervisory teams on recovery planning matters where relevant to resolvability or crisis management.
- The Senior Manager will also support the Macro-prudential Supervision team in conducting systemic risk monitoring, financial stability analysis and macroprudential assessments.
- The Senior Manager will be expected to adopt an effective and efficient risk-based approach, consistent with the DFSA’s Board of Directors’ statements of risk tolerance and the DFSA’s expected leadership qualities and behavioural characteristics.
Resolution Planning And Management
- Lead and contribute to the delivery of the DFSA’s resolution planning work, including the development of resolution strategies, resolution plans, resolvability assessments and related resolution preparedness activities.
- Identify and assess potential barriers to resolvability, including matters relating to governance, operational continuity, financial resources, loss-absorbing capacity, legal structure, critical functions, access to financial market infrastructure and cross-border dependencies.
- Recommend proportionate actions to address material impediments to resolvability and monitor progress by relevant authorised firms in implementing those actions.
- Manage the development and maintenance of resolution playbooks, internal procedures, crisis management arrangements and resolution decision-making materials.
- Contribute to contingency planning and, where required, support the orderly management of the failure or potential failure of authorised firms operating in or from the DIFC.
- Prepare analysis, recommendations and draft resolution-related decisions, including resolution scheme proposals where appropriate.
- Work closely with DFSA supervisory teams, authorised firms, home and host authorities, resolution authorities and other relevant stakeholders to support effective resolution preparedness and cross-border coordination.
- Support and coordinate with supervisory teams on recovery planning matters where relevant to resolvability, resolution preparedness or crisis management.
- Prepare, organise and participate in Crisis Management Groups and other relevant domestic or cross-border resolution forums, where applicable.
Macroprudential Supervision
- Support the Macroprudential Supervision team by contributing perspectives on material and systemic risks, including firm distress or failure scenarios, contagion channels and related financial stability implications.
- Identify and asses firm-specific, sectoral or market-wide vulnerabilities that may have wider financial stability implications, including where relevant to resolution planning, resolvability or crisis preparedness.
- Contribute to macroprudential analysis, thematic reviews, briefing materials and recommendations on emerging or material risks, where these may affect financial stability, resolvability or the orderly management of firm distress or failure.
- Promote alignment between resolution planning and macroprudential supervision, so that relevant systemic risk considerations are appropriately reflected in resolution-related work.
Technical Guidance
- Act as a technical specialist on resolution planning, resolvability assessments, crisis preparedness and related resolution matters.
- Provide advice, guidance and technical input to internal stakeholders on resolution-related issues, including firm distress, potential failure scenarios, contingency arrangements and resolution options.
- Develop and maintain internal guidance relating to resolvability assessments, crisis preparedness, resolution decision-making and the operational use of resolution powers and tools.
- Monitor relevant international and regional standards, regulatory developments and industry practices relating to resolution and crisis management and provide updates and technical input as required.
- Develop and lead, with relevant DFSA functions, crisis simulation exercises to test and enhance the DFSA’s resolution preparedness and crisis management capabilities.
Educational Background
- Bachelor’s degree in a relevant field such as Business, Finance, Economics, Law, or Risk Management. 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 CFA, FRM, PRM, etc. would be considered as a significant advantage.
Professional Experience
- At least 10 to 12 years of recent regulatory experience with a broadly equivalent financial services resolution authority or supervisory authority with financial/prudential risks background.
- Direct experience in resolution planning, resolvability assessments, crisis preparedness, distressed firm management or bank resolution.
- Experience dealing with Domestic and/or Global Systemically Important Banks, D-SIBs/G-SIBs, would be considered a significant advantage.
- Experience in banking supervision, macroprudential supervision, financial stability analysis, commercial banking, prudential policy or financial analysis would be considered an advantage.
- Experience in the development and implementation of regulatory standards and policies and procedures.
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