Manager - Supervision

ADGM; Abu Dhabi; On-site; AED 480,000 - 640,000; Full time

Benefits offered by this job

Job summary

The FSRA within ADGM is seeking a Manager Insurance Supervision to oversee a portfolio of insurance and related financial institutions, applying a risk-based supervisory approach. You will contribute to framework enhancements, supervise firms, and coordinate with senior leadership to ensure compliance and effective risk mitigation.

Ideal candidates hold a Bachelor’s or Master’s degree, 8+ years in insurance supervision, fluent business English, and strong stakeholder, negotiation and analytical

Qualifications

• Bachelor’s or Master’s Degree in a relevant field.
• 8+ years of experience in insurance supervision or related roles.
• Knowledge of insurance sector regulations, products, services and market practices.
• Excellent written and oral communication in English.
• Strong stakeholder management and negotiation skills.
• Ability to work in a diverse team and deliver results.

Responsibilities

• Assist in supervising financial institutions under FSRA risk-based plan.
• Develop supervisory plans and mitigate supervisory concerns.
• Lead risk assessments and supervise reviews; draft recommendations.
• Review periodic reports and implementation controls.
• Engage with stakeholders and ADGM staff; take action on deficiencies.
• Participate in projects and adhere to internal policies.

Skills

Fluent English

Stakeholder management

Negotiation

Analytical skills

Teamwork

Planning and organisation

Strong sense of responsibility

Education

Bachelor’s / Master’s Degree

Job description

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 Supervision Department is responsible for the supervision of banks, insurance companies, money service providers and capital markets intermediaries, and follows a holistic, proactive risk‑based approach to supervision of financial service providers falling under its remit. 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. The Manager is expected to execute the FSRA risk‑based supervisory approach, contribute to the enhancement of supervisory procedures and regulatory framework, and be a key member of the supervision team working effectively with all colleagues.

Strategic Responsibilities

• Assist in developing, enhancing and implementing the framework, policies, rules and procedures for governing and supervising financial institutions.

Operational Responsibilities

• 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.
• Make appropriate use of supervisory tools such as onsite reviews, third‑party reviews, information requests, etc.
• Lead and assist in the periodic risk assessment of firms in line with the Supervisory work plan, including the planning and execution of supervisory reviews and drafting and communication of recommendations.
• Review periodic reports and returns on an ongoing basis.
• Conduct periodic implementation controls/progress reports in areas where deficiencies have been identified.
• 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.
• Deliver additional tasks that may be delegated from senior management, including participating in and leading projects.
• Adherence to all internal policies, procedures, standards and behaviours.
• Assist in implementing policies, rules and processes, including appropriate documentation for all assigned institutions.
• 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.

Managerial

• Act as a reference point and provide expertise and support to other colleagues within the Supervision team.
• Contribute towards a team culture within the Supervision team.

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.

Education

• Bachelor’s / Master’s Degree

Work Experience

• 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, 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.
• Demonstrate strong teamwork, working collaboratively with a team of diverse professionals.
• Demonstrate planning, organisation and analytical skills.
• Demonstrate a strong sense of responsibility and impeccable integrity.
• Demonstrate a proactive approach, ability to manage own workload and a strong commitment to delivering results.
• Fluent in business English.

Desirable

• Professionally qualification in finance, accounting risk or other related specialism.
• Industry experience in Financial Services for example, in risk management, compliance or internal audit.
• Knowledge and experience of other financial sectors.
• Proficient in Arabic or other language(s) and understanding of the Arabic culture.