Senior Manager, Innovation & Technology Risk, Supervision

Job Purpose: The primary focus of this role is to lead efforts to supervise risk across a broad range of regulated entities in line with the risk-based approach. This role is responsible for supervision of Fintech Authorised Firms in regulated entities to ensure compliance with relevant regulations, providing technical guidance, and engagement with internal and external stakeholders.The Role: The Senior Manager Innovation and Technology Risk Supervision will be responsible for the supervision of the individual Fintech Authorised Firms and potentially any ITL managed firms within ITR SUP and support other Departments within the DFSA for them to contribute to the achievement of the DFSA’s strategic and business objectives and to be consistent with the Board of Directors statements of risk tolerance. They will also assist the Assistant Director to drive Innovation and Ecosystem development as part of the ITR SUP and DFSA strategy.Key Responsibilities: 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.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 engagement 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.Ensure Enforcement referrals are made on time, and as agreed with the relevant Director.Operate within the first line of defense where you will share responsibility for ongoing risk management while promoting a strong risk culture within the division and across the organisation in line with the DFSA Risk Management Framework.Assist with developing supervisory guidelines for risk assessments.Update the supervisory tools and systems and have a sound knowledge of the analytical tools in order to extract ad-hoc reports.Assist in the assessment of applicants for new financial services licenses.Educational BackgroundUniversity 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 ExperienceMinimum 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 & AttributesStrong 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.Strong analytical and problem-solving skills. Able to conduct independent research and ask probing questions.LanguagesExcellent command of English, both written and verbal, with the ability to apply brevity. Fluency in other languages is a plus.