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    Manager – Supervision

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    Company NameADGM
    Company TypeNGO
    Job TypeFull-Time
    Salary RangeMarket Competitive
    LocationAbu Dhabi, Abu Dhabi Emirate, United Arab Emirates
    QualificationsBachelor’s Degree
    Experience5 Year+

    Job 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 Markets Section. The Manager Insurance Supervision role within the Supervision Department is responsible, in close liaison with the Senior Manager and Directors, for the supervision of a portfolio of insurance and potentially other financial institutions.

    Company Overview

    Abu Dhabi Global Market (ADGM) is an award-winning international financial centre strategically located in the capital of the United Arab Emirates. Established by UAE Federal Decree, ADGM’s jurisdiction extends across the entire 114 hectares of Al Maryah Island. ADGM’s three independent authorities – the Registration Authority (RA), the Financial Services Regulatory Authority (FSRA) and ADGM Courts – together ensure that its business-friendly environment operates in line with international best practices, recognised by major financial centres worldwide.

    Quick Details

    • Salary Range: Market Competitive
    • Job Type: Full-time
    • Qualifications: Bachelors Degree
    • Experience: 8 years +

    Key Responsibilities

    • Assist in developing, enhance and implement the framework, policies, rules and procedures for governing and supervising financial institutions.
    • Responsible for effective supervision of financial institutions within the FSRA risk-based supervisory plan.
    • Develop a supervisory plan / strategy appropriate for the firms assigned thereto together with line manager / backup to mitigate identified areas of supervisory concerns.
    • Lead and assist in the periodic risk assessment of firms in line with Supervisory work plan, including the planning and executing of supervisory reviews and drafting and communication of recommendations.
    • Build and manage relationships with stakeholders among market participants and other relevant ADGM staff.
    • Responsible for taking prompt action against deficiencies and non-compliances identified.

    Requirements

    • Minimum 8 years of experience working in insurance supervision or related roles.
    • Considerable knowledge of insurance sector regulations, products, services, and market practices.
    • Experience of the assessment of risks to identify trends, identify concerns, consider appropriate remedial action and future regulatory requirements.
    • Well-developed communications skills both in writing and orally.
    • Good internal and external stakeholder management skills.
    • Good influencing and negotiation skills.

    Benefits

    • Be part of a progressive financial services environment.
    • Work in an award-winning international financial centre.
    • Contribute to upholding the integrity of ADGM.
    • Collaborate with a team of diverse professionals.
    • Gain experience in a dynamic regulatory environment.
    • Professional qualification opportunities.

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