Senior Manager - Policy

Abu Dhabi Global Market; Abu Dhabi; On-site; AED 300,000 - 400,000; Full time

Job summary

Abu Dhabi Global Market is seeking a Senior Manager for its Policy team to assist in shaping regulatory initiatives in the financial services sector. The candidate will work closely with various stakeholders to enhance policies related to asset management, fintech, and traditional finance.

Applicants require a Bachelor's degree and at least 10 years of relevant experience. Excellent communication skills and proficiency in English are essential for presenting complex regulatory issues clearly.

Qualifications

• Minimum of 10 years of experience in financial services regulation or related field.
• Excellent knowledge of prudential, conduct, and AML/CFT regulations.
• Experience in working with international regulatory bodies.

Responsibilities

• Identify and implement policy initiatives for financial services regulation.
• Collaborate with local and international regulatory authorities.
• Assist in developing and reviewing FSRA policies and rules.

Skills

Policy analysis

Regulatory frameworks knowledge

Interpersonal skills

Presentation skills

Fluency in English

Judgment in prioritizing issues

Independent work

Education

Bachelor's Degree or equivalent qualification

Job description

Overview

The Financial Services Regulatory Authority (FSRA) is responsible for the regulation of financial services in Abu Dhabi Global Market (ADGM) and the supervision of firms authorized to provide financial services.

Role Summary

The Senior Manager will be a member of the Policy team and will assist the Director in identifying and implementing policy initiatives that support the growth and development of the financial services sector and the wider commercial framework in ADGM, specifically in the areas of Asset Management, New Age Finance (e.g., Fintech, HealthTech, Crypto and Cyper Tech), Traditional Finance (e.g., Private Banking, Wealth Mgmt, M&A and Treasury), and Functional Clusters such as Restructuring and Dispute Resolution.

Responsibilities

• Identify relevant new policy initiatives needed for the effective ongoing regulation of financial services in ADGM alongside the maintenance of existing policies as enacted through the FSRA Rulebooks.
• Collaborate with members of the Legal team and other operational units within ADGM as necessary.
• Monitor the regulatory frameworks implemented by other local and federal regulatory and government authorities, including the CBUAE, SCA and MOF.
• Collaborate with those authorities on international assessments of the UAE undertaken by bodies such as the OECD, FATF, the IMF and the World Bank.
• Engage with supranational regulatory organisations such as BCBS, IOSCO and IAIS to monitor updates to their regulatory frameworks that may need to be implemented in ADGM and respond to fact‑finding exercises and surveys.
• Assist the Director in providing the FSRA with high‑quality policy advice to achieve the overarching objectives of both the FSRA and ADGM.
• Assist in the development and ongoing review of the policies and rules for the FSRA in prudential, conduct and AML/CFT areas.
• Respond to policy queries from internal stakeholders, market participants and other regulatory authorities in conjunction with the Legal team as appropriate.
• Identify, recommend and present policy development options for consideration by the Chief Executive Officer of the FSRA and its decision‑making bodies, ensuring they are underpinned by robust analysis and evidence.
• Lead multi‑disciplinary project teams working on policy initiatives across both the FSRA and, where necessary, ADGM as a whole.
• Manage public consultations arising from proposed regulatory changes.
• Manage relationships with external stakeholders, including international regulators and market participants, where required.
• Assist in the improvement and management of processes and procedures for the Policy team and the wider Policy & Legal division.
• Regularly review the international financial services landscape and propose any relevant policy matters for consideration by the FSRA.
• Participate in international forums with other regulatory bodies to consider policy matters relating to financial services and in particular financial services regulation.
• Manage more junior members of the team where required.
• Support information security responsibilities, including understanding, adopting and practising controls as per the ADGM Information Security policy and best practices, and maintaining the confidentiality, integrity and availability of ADGM Information at all times, both within and outside ADGM.

Qualifications

• \"A Bachelor\'s Degree or equivalent qualification\".
• Minimum of 10 years of experience working for a financial services regulator, supranational regulatory body, equivalent government body or in a relevant field in the financial services industry.
• Excellent knowledge, skills and experience in policy matters relating to the regulation and supervision of authorised firms engaged in the provision of financial services in prudential, conduct and AML/CFT areas.
• Excellent knowledge of international regulatory frameworks, e.g., Basel, IOSCO, IAIS, the EU and other jurisdictions.
• Excellent interpersonal and presentation skills, and the ability to build relationships and effectively communicate with others at all levels of the FSRA and other ADGM authorities, both orally and in writing.
• Fluency in business English, including the ability to summarise and present complex issues to audiences unfamiliar with them for their consideration and decision.
• Ability to exercise judgement on the relative importance of competing issues, as part of a multi‑disciplinary team including policy specialists, lawyers and supervisors.
• Ability to work independently with little or no supervision, including taking the initiative where appropriate.

Desirable Qualifications

• Specialist knowledge of insurance, asset management, private wealth or wealth management and the associated regulatory frameworks.

EEO Statement

UAE Nationals.