The Financial Services Regulatory Authority ("FSRA") is responsible for the regulation of financial services providers in Abu Dhabi Global Market ("ADGM") and related activities. The Senior Manager will be responsible for identifying and implementing policy initiatives for the development and maintenance of the regulatory framework of the FSRA across both conduct and prudential dimensions, including for the Fin Tech sector and the evolution of the digital assets segment of that.
The Senior Manager will be part of the Policy team ("the team") within the Policy & Legal Division ("the division") of the FSRA. The Senior Manager will report to the Director (Policy) and work closely with other colleagues within the team, the broader division, and across the FSRA and ADGM.
- Identifying and implementing policy initiatives for the development and maintenance of conduct and prudential aspects of the regulatory framework of the FSRA in response to industry evolution, international developments and in line with expectations set by the international standard setting bodies.
- Manage complex and large policy projects, including staff and/or external resources, from project initiation, planning, benchmarking, policy development, to publication and implementation of the final legislation.
- Managing the consultation process by collating and analysing feedback in response to published consultation or discussion papers with a view to implementing legislative changes to enact policy proposals.
- Supporting wider policy and legislative initiatives for the key sectors in ADGM including for Wealth/Asset Management, Reg Tech/Sup Tech etc.
- Preparing relevant Board Papers and liaising with internal ADGM bodies, including the Office of Legal Affairs, Governance and Compliance.
- Reviewing and providing feedback to policy development and implemented legislation by other local and federal regulatory and government authorities including the CBUAE, SCA and the MoF.
- Participating in any working groups and committees with other local and federal regulatory and government authorities, including in relation to international assessments of the UAE undertaken by the OECD, FATF and the IMF/World Bank.
- Provide other divisions in the FSRA with timely, high quality and consistent policy advisory services, including through peer reviewing materials produced by the team, the division, and other areas of the FSRA and ADGM.
- Contribute to the legislative drafting process for improvements to the legislative framework and any new legislative initiatives.
- In conjunction with the Legal team consider and where appropriate respond to policy queries and interpretation requests from internal and external stakeholders.
- Horizon scan for international financial services policy and legislative landscape, and propose any relevant enhancements for consideration by the FSRA.
- Monitor and seek to improve the internal processes and procedures of the team, the division and, where required, the FSRA.
- Creates an environment where team members consistently drive to improve performance
- Manages team with full accountability for achieving overall agreed objectives
- Manages by effectively empowering team members
- Takes responsibility for mentoring high potential and most critical talent in their career progression
- Reviews performance of team and addresses performance issues quickly through clear decisions
- 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.
- Confidentiality, Integrity and availability of the ADGM Information shall be maintained at all times i.e. within as well as outside ADGM.
- Bachelors / Masters degree, ideally in the fields of law, finance, Fin Tech, public policy, or related disciplines
- Minimum of 10-12 years of policy development and/or other regulatory experience, including in the digital asset sector, ideally in the financial services or government sectors.
- Experience with analysis of innovative product…
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