Manager, Financial Crime Risk, Supervision

Job Purpose

Key Responsibilities

• Supervision of Authorised Firms and DNFBPs
• Gather, organise and analyse data for Authorised Firms, DNFBPs and industry.
• Conduct professional discussions with management of firms to gather and corroborate information.
• Identify emerging risk trends, which could have a material impact on regulated/registered entities, in order to take appropriate actions and inform the line manager accordingly.
• Monitor and assess financial crime risks of Authorised Firms/DNFBPs and ensure they comply with supervision service standards, processes and procedures.
• Perform desk-based reviews and onsite examinations; write clear and concise memorandums and reports.
• Check compliance with DIFC and DFSA Laws, Rules and Regulatory Policy.
• Draw conclusions and recommend corrective actions as appropriate.
• Assist with developing supervisory guidelines in relation to financial crime risk.
• Update the Regulatory Information System and other management information tools, and have a sound knowledge of the Business Intelligence tool in order to extract ad-hoc reports.

Eligibility Criteria

• Bachelor’s degree in a relevant field such as Finance, Business, Economics, Commerce or Law. A post graduate degree in similar fields would be considered as an advantage.
• Evidence of continuing professional education relevant to the target position.

Professional Experience

• 5-7 years of regulatory, compliance, risk management or preferably financial crime related experience.
• Experience of country self-assessments against the Financial Action Task Force (FATF) 40 recommendations; national risk assessments pursuant to FATF Recommendation 1; and involvement with a FATF country mutual evaluation would be considered an advantage.

Knowledge, Skills & Attributes

• Strong and proven knowledge and expertise in dealing with financial services regulations and international regulatory standards, particularly those relating to FATF and other international standard setters such as the Financial Stability Board.
• Working knowledge and experience in management of financial crime risk would be highly valued:
• Robust understanding of the responsibilities/role of the regulator and appreciation of what it means to be a risk-based regulator.
• An in-depth knowledge of the financial services industry and its unique characteristics.
• Excellent research and analytical skills and ability to apply judgment.
• Influential skills and ability to lead meetings and deliver difficult messages, when necessary.
• Good people and time management skills embodied in a professional, diplomatic and ethical attitude.
• Good communication and presentation skills.
• Strong stakeholder management skills, including ability to engage effectively and confidently with international counterparts.
• Be able to work flexibly, autonomously, and co-operatively in a collaborative team environment.