Associate Director, Financial Crime Risk, Supervision

Role:

An Associate Director in Financial Crime Risk in Supervision is responsible for executing the Financial Crime Risk Team’s work plan. The Associate Director must ensure that a risk based, proportionate and efficient approach is maintained towards all the team’s supervisory activities.

An Associate Director is expected to oversee assigned regulatory projects related to financial crime risk and relevant business model within the team, across the Supervision Department and the DFSA, as well as supporting on related policy work.

Key Responsibilities:

The Associate Director is expected to devote the majority of his/her time towards managerial and operational level tasks, as well as support policy development. The Associate Director will assist the Director and contribute to the work of the team with the following key responsibilities:

Technical Guidance

• Act as a technical expert in respective risk area and provide internal trainings as needed.
• Provide guidance to the team in all aspects of financial crime risk for regulated entities in order to ensure delivery of effective and efficient risk-based supervision.
• Support DFSA Divisions by providing guidance in all aspects of financial crime risk in line with the DFSA’s objectives.
• Monitor developments in relevant international and regional regulatory standards and in the financial services industry and provide inputs and updates.

Strategy Formulation, Implementation, Planning and Projects

• Contribute to DFSA-wide and Supervision Division-wide strategic direction, business planning and policy formation. Ensure effective cascading of approved strategy, business plans and policies into the day-to-day management of the team.
• Participate in the development and implementation of supervision strategy for the team, consistent with the DFSA-wide goals and objectives.
• Ensure DFSA-wide projects as captured in the Business Plan relevant to the AD are completed effectively, on-time and within budget.
• Be expected to devote a considerable level of time toward managerial, policy, outreach and other assigned projects.

People Management

• Manage and support the effective achievement of the objectives of respective areas of focus through setting individual objectives, managing performance, developing and motivating staff, provision of formal and informal feedback and appraisal in order to maximize subordinate and the overall performance.
• Ensure the key performance indicators, performance reviews, leave approvals and timesheets are completed in an accurate and timely manner for self and team members.
• Support the professional development programs of the DFSA through program development, delivery and participation. Support and contribute to the DFSA graduates training program.
• When requested, effectively lead the team in the absence of the Director.

Educational Background

• Bachelor’s degree in a relevant field such as 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.
• Professional qualifications in finance, risk management, quantitative analysis, etc. such as ACAMS, CFA, FRM, PRM, etc. would be considered as a plus.

Professional Experience

• 10+ years of regulatory, compliance or risk management experience required in a broadly equivalent financial services regulator and/or a regulated entity, with a minimum of 2 years in managerial/ supervisory roles in one or more of these functions being desirable. Managerial roles might include project leadership / management roles or equivalent with a demonstrated ability to mentor and motivate staff.
• Experience in dealing with financial services regulators, standard setters and members of Board of Directors and senior executives.
• Preferably experience in the development and implementation of regulatory standards and policy analysis.
• 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 up to date knowledge and technical expertise in dealing with financial services regulations and relevant international standard setters.
• Robust understanding of the responsibilities/role of the regu…