Senior Manager - Supervision

T he 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. The Supervision Department follows a holistic, proactive risk-based approach to supervision of financial service providers falling under its remit. The Senior Manager, Actuary, Insurance Supervision role within the Supervision Department is responsible, in close liaison with the Supervision Director, for the supervision of a portfolio of insurance institutions in line with FSRA’s regulations, FSRA’s risk appetite and international best practices. The Senior Manager, Actuary, is expected to contribute towards the continued development of FSRA supervisory approach following international regulatory developments as well as the continued enhancement of supervisory procedures and regulatory framework, rules and policy initiatives. The Senior Manager, Actuary, will be expected to be a point of supervisory expertise and reference to the rest of the team on matters of insurance and prudential supervision and actuarial queries. The role works closely with the Director and other peers within the Supervision Department and across FSRA. Strategic responsibilities Implement the short term and long term objectives for the Supervision section. Assist in developing, enhancing and implementing the framework, policies, rules and procedures for governing and supervising financial institutions. Assist in executing strategic direction. Operational responsibilities Responsible for effective supervision of financial institutions within the FSRA risk-based supervisory plan, through effective use of supervisory tools. Develop a supervisory plan / strategy appropriate for the firms assigned thereto together with line manager / backup to mitigate identified areas of supervisory concerns. Lead and assist in the periodic risk assessments and thematic reviews of firms in line with Supervisory work plan, including the planning and executing of supervisory reviews, actuarial and prudential assessments, and drafting and communication of recommendations. Leading meetings with Actuarial Function Holders and other senior management of supervised insurance undertakings. Review periodic reports and returns on an ongoing basis. Conduct ongoing analysis of prudential condition of financial institutions and their conduct of business as well as financial crime prevention activities. Conduct periodic implementation controls/progress reports in areas where deficiencies have been identified. Build and manage relationships with senior stakeholders among market participants and other relevant ADGM staff. Take prompt action against deficiencies and non-compliances identified. Deliver additional tasks that may be delegated from Director, including participating in and leading projects. Adhere 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. Act as a point of supervisory expertise and reference to the rest of the team for the insurance sector and prudential supervision. Provide training to the other insurance supervisors within the Insurance and Pensions Supervision team in respect of technical matters. Managerial Create an environment where team members consistently drive to improve performance. Where applicable, manage the team with full accountability for achieving overall agreed objectives. Manage by effectively empowering team members. Take responsibility for development of staff working with them / reporting to them as may be applicable. Review performance of team and addresses performance issues quickly through clear decisions as may be applicable. 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 in Actuarial Science, Mathematics, Statistics, Economics, or another numerate discipline. Work Experience Minimum 10 years of experience working in insurance supervision or related Industry experience in Financial Services roles and a minimum of five (5) years as a qualified actuary. A deep

Education: Bachelor’s / Master’s Degree in Actuarial Science, Mathematics, Statistics, Economics, or another numerate discipline. Work Experience: Minimum 10 years of experience working in insurance supervision or related Financial Services roles, and a minimum of five (5) years as a qualified actuary.

Strategic responsibilities: Implement short- and long-term objectives for the Supervision section. Develop, enhance and implement framework, policies, rules and procedures for governing and supervising financial institutions. Assist in executing strategic direction. Operational responsibilities: Supervise financial institutions within the FSRA risk-based supervisory plan using supervisory tools. Develop supervisory plan/strategy for assigned firms with the manager/backup to mitigate identified supervisory concerns. Lead and assist in periodic risk assessments and thematic reviews, plan and execute supervisory reviews, actuarial and prudential assessments, and draft/communicate recommendations. Lead meetings with Actuarial Function Holders and senior management of supervised undertakings. Review periodic reports and returns. Conduct ongoing analysis of prudential conditions and financial crime prevention activities. Conduct implementation controls/progress reports for deficiencies. Build and manage relationships with senior stakeholders among market participants and ADGM staff. Take prompt action against deficiencies and non-compliances. Deliver additional tasks delegated by the Director, including leading projects. Adhere to internal policies, procedures, standards and behaviours. Assist in implementing policies, rules and processes with appropriate documentation. Liaise with internal stakeholders (e.g., Authorisation and FSRA groups). Participate in and deliver on projects. Act as a supervisory expert and reference for the insurance sector and prudential supervision. Provide training to other insurance supervisors on technical matters. Managerial: Create an environment that drives performance; manage the team with accountability for objectives; empower team members; develop staff; review performance and address issues; contribute to team culture. Information Security: Understand and practice ADGM Information Security policies; maintain confidentiality, integrity and availability of information at all times.