Senior Specialist - Supervision

Overview

• 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 FSRA Markets Section.
• The Specialist Supervision is a role within the Supervision Section.
• The Supervision Section of FSRA is responsible for monitoring the safety and soundness of banks, insurers, money service providers and capital markets intermediaries.
• The Section undertakes impact/risk assessments of individual financial institutions which will drive the frequency and intensity of the supervisory approach.
• The Section adopts holistic supervision underpinned by a risk-based supervisory approach.
• The Senior Specialist role works closely with the Managers and Senior Managers to assist in the implementation of the supervisory framework and in the supervision of a portfolio of financial institutions, consistently with FSRA’s regulations and risk appetite and international best practices.
• This role has a strong financial crime focus and requires relevant Financial Crime prevention experience/Knowledge.
• Strategic responsibilities
• Assist in the implementation of the short- and long-term objectives of Supervision Section.
• Assist in developing, enhancing and implementing the framework, policies, rules and procedures for governing and supervising financial institutions.
• Operational responsibilities
• Responsible for supervising firms’ compliance with relevant rules and regulations and in their periodic impact/risk assessment, with support from the Director/Senior Manager/Manager.
• Responsible for the periodic risk assessment of firms, the drafting of the supervisory work plan, and the execution of the supervisory work plan, including the planning and executing of supervisory reviews and drafting and communication of recommendations, with support from the Director/Senior Manager/ Manager.
• Responsible for the ongoing analysis of prudential condition of the assigned institutions and their conduct of business and compliance with Financial Crime Prevention framework with support from the Director/Senior Manager/Manager.
• Responsible for/assist in taking prompt action against deficiencies and non-compliances identified including periodic follow-up to ensure timely resolution of deficiencies.
• Build relationships with regulated institutions and other stakeholders, both internal and external to FSRA/ADGM.
• Assist in implementing policies, rules and processes, including appropriate documentation for all assigned institutions.
• Deliver additional tasks that may be delegated from the Director/ Senior Manager Supervision.
• Liaise with other internal stakeholders such as Authorisation and/or other FSRA groups, as appropriate.
• Participate and deliver on projects that may be allocated thereto.
• 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.