Senior Manager, Conduct Supervision

The primary focus of this role is to lead efforts to supervise risk across a broad range of regulated entities in line with the risk-based approach. This role is responsible for supervision of Conduct of Business Risk in regulated entities to ensure compliance with relevant regulations, providing technical guidance, and engagement with internal and external stakeholders.RoleA Senior Manager in Conduct of Business Risk in Supervision is expected to deliver effective and efficient risk-based supervision in relation to Conduct of Business Risk and a broad range of regulated entities, and assist in the execution of supervisory thematic reviews, which is consistent with the Board of Directors statements of risk tolerance. In addition, a Senior Manager is expected to lead assigned regulatory projects related to conduct of business risk and relevant business models both within the team, across the Supervision Department and the DFSA, and support on policy work in relation to this risk.

Key Responsibilities

Supervision of regulated entitiesLead, support and/or contribute to the monitoring of risks of regulated entities and ensure they comply with supervisory service standards, processes and procedures. Lead, support and/or contribute to professional discussions with the management of regulated entities to gather and corroborate information for the assessment of risk. Lead, support and/or contribute to desk-based reviews and onsite risk assessments, thematic reviews, analysing firm-specific financial and non-financial data through write clear and concise memoranda and reports. Analyse firm-specific data along with market information, to be able to identify emerging risk trends, which could have a material impact on regulated entities, in order to take appropriate actions and inform the line manager accordingly.Draw conclusions and recommend remedial actions as a result of supervisory engagement as appropriate.Follow-up on the supervisory risk mitigation plans to ensure they are implemented within the agreed timelines and to the satisfaction of the DFSA.Validate the closure of poor compliance and weak controls.Ensure Enforcement referrals are made on time, and as agreed with the relevant Director.Assist with developing supervisory guidelines for risk assessments.Update the supervisory tools and systems and have a sound knowledge of the analytical tools in order to extract ad-hoc reports.Assist in the assessment of applicants for new financial services licenses. Technical KnowledgeAct as a technical expertin the subject matter and provideinternal training as needed.Provide advice and technical guidanceinternally as requiredto facilitate timelyresolution of complex problems or challenges.Provide technical advice and guidance to regulated entities on relevant matters in order to ensure delivery of effective and efficient risk-based supervision.Monitor developments in relevant international and regional regulatory standards and in the financial services industry and provide inputs and updates.Educational BackgroundUniversity degree in a relevant field (e.g. Business, Finance, Accounting, Risk Management or Economics). A post graduate degree in similar fields would be considered as an advantage. Evidence of continuing professional education relevant to target position would be considered a plus.Professional qualifications in finance, risk management, quantitative analysis, etc. such as CA, CFA, FRM, PRM, etc. would be considered as a plus.Professional ExperienceMinimum of 8 years of regulatory, compliance or risk management experience required in a broadly equivalent financial services regulator and/or a regulated entity.Experience in dealing with financial services regulators, standard setters and members of Board of Directors and senior executives.Knowledge, Skills & AttributesStrong and proven knowledge in dealing with financial services regulations and international regulatory standards. Good understanding of the responsibilities/role of the regulator and of what it means to be a risk-based regulator.An in-depth knowledge of the financial services industry and its unique characteristics with proven technical knowledge and understanding of the key risks in the sector.Good understanding of current and emerging risk management trends/issues.Appreciation of the unique features of the regulatory regime in the DIFC and understanding of the nature of the financial service activities offered by Authorised Firms operating in the DIFC. Strong analytical and problem-solving skills.Able to conduct independent research and ask probing questions. Capable of taking the initiative to manage and deliver tasks on time with limited supervision. Able to articulate and present arguments and analysis confidently, clearly and concisely. Well organized and able to manage multiple assignments concurrently. Strong communication and presentation skills.Strong stakeholder management skills, including ability to engage effectively and confidently across divisions. Be able to work flexibly, autonomously, and co-operatively in a collaborative team environment.Willingness to expand technical knowledge through accredited training. Strong time management skills embodied in a professional, diplomatic and ethical attitude. Influential skills and ability to lead meetings and deliver difficult messages, when necessary.