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Senior Manager, Innovation & Technology Risk, Supervision

Dubai Financial Services Authority (DFSA)
Dubai, UAE
Fulltime
Mid-Senior
2 months ago
LeadershipStrategic PlanningBudgetingTeam ManagementPerformance ManagementProject Management
Free

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Overview

  • The Senior Manager Innovation and Technology Risk (ITR), Supervision will be responsible for the supervision of the individual Fintech Authorised Firms and potentially any ITL managed firms within ITR, Supervision. .
  • A Senior Manager will be expected to spend the majority of their time dealing with allocated work streams of regulated entities.
  • The allocated work streams will vary in terms of impact and complexity.
  • Supervision of regulated entities
  • Lead, support and/or contribute to the monitoring of risks of regulated entities and ensure they comply with supervisory service standards, processes and procedures.
  • Lead, support and/or contribute to professional discussions with the management of regulated entities to gather and corroborate information for the assessment of risk.
  • Lead, support and/or contribute to desk-based reviews and onsite risk assessments, thematic reviews, analysing firm-specific financial and non-financial data through write clear and concise memoranda and reports.
  • Analyse firm-specific data along with market information, to be able to identify emerging risk trends, which could have a material impact on regulated entities, in order to take appropriate actions and inform the line manager accordingly.
  • Draw conclusions and recommend remedial actions as a result of supervisory engagements as appropriate.
  • Follow-up on the supervisory risk mitigation plans to ensure they are implemented within the agreed timelines and to the satisfaction of the DFSA.
  • Validate the closure of poor compliance and weak controls.

Technical Knowledge

  • Act as a technical expert in the subject matter and provide internal training as needed.
  • Provide advice and technical guidance internally as required to facilitate timely resolution of complex problems or challenges.
  • Provide technical advice and guidance to regulated entities on relevant matters in order to ensure delivery of effective and efficient risk-based supervision.
  • Monitor developments in relevant international and regional regulatory standards and in the financial services industry and provide inputs and updates.

Educational Background

  • University degree in a relevant field (e.g. Business, Finance, Accounting, Risk Management or Economics). A post graduate degree in similar fields would be considered as an advantage.
  • Evidence of continuing professional education relevant to target position would be considered a plus.
  • Professional qualifications in finance, risk management, quantitative analysis, etc. such as CA, CFA, FRM, PRM, etc. would be considered as a plus.

Professional Experience

  • Minimum of 8 years of regulatory, compliance or risk management experience required in a broadly equivalent financial services regulator and/or a regulated entity.
  • Experience in dealing with financial services regulators, standard setters and members of Board of Directors and senior executives.

Knowledge, Skills & Attributes

  • Strong and proven knowledge in dealing with financial services regulations and international regulatory standards.
  • Good understanding of the responsibilities/role of the regulator and of what it means to be a risk-based regulator.
  • An in-depth knowledge of the financial services industry and its unique characteristics with proven technical knowledge and understanding of the key risks in the sector.
  • Good understanding of current and emerging risk management trends/issues.
  • Appreciation of the unique features of the regulatory regime in the DIFC and understanding of the nature of the financial service activities offered by Authorised Firms operating in the DIFC.

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