Senior Examiner – Payment Systems Supervision
6 days ago
The Central Bank of the UAE (CBUAE) is the supervisory and regulatory authority for the banking and insurance sector in the United Arab Emirates. With a mandate to enhance monetary management, safeguard financial stability and protect consumers, we achieve this through effective supervision of licensed financial institutions, prudent reserve management, robust financial infrastructure and the adoption of digital technologies.
CBUAE is seeking a highly motivated and experienced professional to join its Payment Systems Supervision Department. This role is critical in ensuring the safety and soundness of the payment system providers (Fintech) and the broader payment systems ecosystem in the UAE. The successful candidate will contribute to effective supervision and oversight of Financial Institutions (FIs), supporting CBUAE's strategic objectives. Additionally, they will guide FI candidates through the licensing process and renewal stages by providing clarity on the licensing and post-licensing requirements.
Key Responsibilities
- Perform on-site examinations of Financial Institutions to assess compliance with applicable principles and regulatory requirements, including the Principles for Financial Market Infrastructures and UAE regulations.
- Prepare assessment reports on payment system providers, and actively monitor the resolution of identified issues.
- Contribute to the cooperative oversight assessments of regional payment systems.
- Contribute to the supervision of Financial Institutions by collecting and analysing offsite data from Licensed Institutions, to identify supervision priorities.
- Serve as the primary point of contact for licensed entities, providing guidance on regulatory requirements at both the licensing and post-licensing stages.
- Conduct and oversee onsite and offsite examinations, mentoring junior examiners and identifying non-compliance or prudential gaps.
- Escalate critical issues to the Head of Section Payment systems in a timely manner.
- Perform other duties as assigned, in line with organisational needs.
Qualifications and Experience
- Bachelor's degree in Banking/Finance or any other relevant discipline.
- A minimum of 8 years of experience, preferably 10 years of experience in risk management, compliance, audit and related fields.
- Working experience in the UAE with appropriate familiarity with the UAE market and regulations.
- Excellent communication skills in English; fluency in Arabic is an advantage.
The Central Bank of the UAE offers you the opportunity to join an interdisciplinary and multinational team that spans diverse backgrounds and experiences. You will have the opportunity to work in a dynamic environment alongside some of the leading financial and regulatory experts in the industry.
If the above description corresponds to your profile and career interests, please apply by attaching your CV.
Seniority level- Mid-Senior level
- Full-time
- Finance
- Banking and Financial Services
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