Senior Manager - Enforcement

The Financial Services Regulatory Authority (“FSRA”) is responsible for the regulation of financial services in the Abu Dhabi Global Market (“ADGM”).

One of the FSRA’s objectives is to prevent, detect and restrain conduct that causes or may cause damage to the reputation of the ADGM through appropriate means including the imposition of sanctions. The FSRA Enforcement Department plays a critical role in advancing the FSRA’s pursuit of its objectives through the fair and proportionate use of the FSRA’s enforcement powers.

The Enforcement Department is responsible for:

• Complaints Management:
  Receive, assess and respond to all complaints received by the FSRA efficiently and effectively.
• Internal Assistance:
  Provide effective assistance to the FSRA’s supervisory departments.
• Internal Referrals:
  Receive and assess internal referrals concerning potential contraventions of FSRA Regulations and Rules.
• External Referrals:
  Receive and assess external referrals of information from other regulatory or law enforcement bodies concerning potential contraventions of FSRA Regulations and Rules, or otherwise potential misconduct in the ADGM.
• Investigations:
  Plan and conduct all investigations into potential contraventions of FSRA Regulations and Rules.
• Regulatory Action:
  Arrange for the exercise by the FSRA of its regulatory powers, including the preparation of briefs for internal decision makers and supporting the conduct of litigation (with Legal).
• Mutual Assistance:
  Receive, assess and respond to external requests for assistance received by the FSRA concerning Enforcement matters or which otherwise require the exercise of the FSRA’s information gathering powers.

In addition, the responsibilities of the Enforcement Department include:

• Developing the FSRA’s overall strategy and approach to enforcement in collaboration with key FSRA stakeholders;
• Developing and implementing the Enforcement Department policies, procedures and practices; and
• Developing systems and infrastructure for the FSRA’s Enforcement function.

The role is for a Senior Manager within a team of experienced regulatory enforcement professionals (investigators, accountants, lawyers and market specialists), responsible for the conduct of regulatory investigations, referral assessments and complaint assessments (undertaking forensic inquiries and investigations, analysing evidence and making decisions concerning possible contraventions of FSRA‑administered Regulations and the Rules); disciplinary and regulatory action matters and the preparation of cases in appeal to the Appeals Panel;

and mutual assistance matters involving the collection of information and documents on behalf of external regulatory authorities.

The Senior Manager will be responsible for the conduct of a range of assigned enforcement matters, working within a team of experienced regulatory enforcement professionals (made up of investigators, accountants, lawyers and market specialists). As a senior member of the Department, the Senior Manager will also act as a point of expertise and advice to other team members on the conduct of Enforcement activities.

The Senior Manager is expected to contribute to the development of FSRA Enforcement policy in specific specialisation areas and to generally support the Executive Director – Enforcement in the continued development and enhancement of the FSRA’s Enforcement function and to ensure that the FSRA’s Enforcement framework meets international standards of best practice and is utilised to provide effective enforcement and credible deterrence.

The Senior Manager will be responsible for working collaboratively with the other FSRA and ADGM regulatory functions to deliver risk‑based regulation in order to achieve the objectives of the ADGM.

The position works with internal and external stakeholders.

• Assist in the development and effective delivery of the FSRA and Enforcement Department’s Strategy and Operational Plan;
• Assist in the ongoing development, enhancement and implementation of policies and procedures;
• Take responsibility for initiatives both at FSRA and Departmental level as may be allocated thereto;
• Provide expert leadership in key…