Line of Service

Industry/Sector

Specialism

Management Level

Specialist

Job Description & Summary

‎‎‎The Inspector for Financial Services Companies is responsible to conduct inspections on financial services companies under our client’s jurisdiction, prepare inspection reports on findings and recommendations, and support in recommending disciplinary/regulatory actions in cases of non-compliance or misconduct.

‎‎‎‎‎‎‎‎‎‎‎Qualifications‎‎‎‎‎‎‎‎‎‎‎

-        Bachelor’s degree in economics, finance, business or other relevant field.

-        CFA certificate is preferred.

‎‎‎‎‎‎‎‎‎Experience: (Technical, functional, or leadership experience required)‎‎‎‎‎‎‎‎‎‎‎

Prior experience of working for a capital market regulator is an added advantage.

Experience working in Qatar would be an added advantage.

‎‎‎‎‎‎‎‎‎‎‎Key Accountabilities‎‎‎‎‎‎‎‎‎‎‎

‎‎‎‎‎‎‎‎‎‎‎Strategic‎‎‎‎‎‎‎‎‎‎‎

‎‎‎‎‎‎‎‎Support in developing the section-level operations plans cascaded from the department and unit strategic objectives.

‎‎‎‎‎‎‎‎‎‎‎Operational‎‎‎‎‎‎‎‎‎‎‎

‎‎‎‎‎‎‎‎Develop inspection plans for financial services companies by leveraging previous year’s inspection and investigation results and data from other relevant internal/external stakeholders (e.g. licensing unit, securities, offerings and listings unit other relevant regulators).

Conduct research and develop studies on improving inspection procedures and standards for financial services companies to increase alignment to international industry practices, and address potential gaps/risks as financial products/markets evolve and expand.

Execute annual inspection plans in line with policies and procedures, ensuring complete review of companies’ structures, systems, governance framework, documentation practices, internal controls and risk management procedures.

Execute unannounced inspections on financial services companies, ensuring pre-notification controls and adequate and timely reporting of findings.

Develop reports on inspection results in a comprehensive and timely manner, including recommended corrective actions for companies based on findings of non-compliance.

Identify cases of misconduct which need further inquiry and initiate the investigation process after gaining approval from senior management. Carry out the investigations procedures, prepare reports and support in escalating cases to relevant internal/external stakeholders (e.g. CEO, committees or other regulatory authorities if delegated). 

Conduct necessary research, leverage available regulations and consult legal experts to identify disciplinary measures and quantify fines/sanctions needed for financial services companies found guilty of misconduct and/or non- compliance.

Enforce approved recommendations and disciplinary measures on financial services companies and follow up on implementation of corrective actions recommended in inspection reports.

Collate and analyse inspection data at the section level and support data consolidation at the unit and department level and identify trends or potential risks and inform relevant stakeholders (e.g. Risk, AML-CFT), to enhance market oversight, strengthen supervision practices and regulations and increase investor protection.

Draft recovery and resolution plans, by leveraging available data from across functions and external sources if necessary, and support section and unit heads in developing mitigation plans and procedures for cases of default of intermediaries.

Liaise and communicate with other departments and exchange data and information as necessary to enable end-to-end view for leadership on inspection & surveillance of financial services companies.

‎‎‎‎‎‎Job Specific Skills: (Key Functional, Leadership, Business skills required)‎‎‎‎‎‎‎‎‎‎‎ 

Strong knowledge of capital markets and financial structure.

Strong expertise in regulatory compliance policies of financial services, trading and market activities in capital market. 

Knowledge of CFA and international standards.

Knowledge of the regulatory authority mandate and mission of the our client as well as the legislation, regulations and policies administered by the authority.

Proficiency in Arabic is essential, and English language proficiency is preferred.

‎‎‎‎‎‎‎‎‎‎‎Competencies:‎‎‎‎‎‎‎‎‎‎‎ ‎‎‎‎‎‎‎‎‎‎‎(Key Functional, Leadership, Business competencies required)‎‎‎‎‎‎‎‎‎‎‎

‎‎‎‎‎‎‎‎‎‎‎Technical Competencies‎‎‎‎‎‎‎‎‎‎‎ 

‎‎‎‎‎‎‎‎‎Intermediaries inspection and surveillance: The ability to conduct inspection and surveillance of market intermediaries to ensure compliance with rules and regulations. This includes the ability to report findings and leverage outcome in the development of regulatory standards related to intermediaries. 

International trends and best practices: Demonstrate knowledge of the guiding principles, standards and leading practices for capital market regulators and the ability to apply this knowledge to identify opportunities for continuous improvement within our client. This also includes the ability to guide others on the application of these principles in own work. 

‎‎‎‎‎‎‎‎‎‎‎Behavioral Competencies‎‎‎‎‎‎‎‎‎‎‎

Think Strategically: The ability to predict obstacles and challenges for the long-term growth of the Qatar financial market and to identify, conceptualize and formulate mitigating strategies. This also includes the ability to assess changes in the external environment and proactively translate emerging trends into strategic priorities while applying knowledge, evidence and sound judgement to arrive at accurate and appropriate decisions.  

Engage and influence stakeholders: The ability to articulate clear and concise ideas, negotiate, influence stakeholders, and resolve conflicts and disputes while managing the communication process effectively in order to achieve the desired impact. This includes the ability to demonstrate commitment for the various stakeholders (including bodies and persons subject to our client’s jurisdiction as well as the multiple stakeholders of the capital markets ecosystem) and an understanding of their various needs and requirements.

Demonstrate agility and foster innovation: The ability to demonstrate initiative, agility and innovation, and to constantly pursue opportunities to create effective change within the Qatar financial sector. This includes building a culture of change, leading change, thinking creatively, generating new ideas, scaling up the usage of modern technology tools, and finding innovative solutions for continuous improvement and competitiveness.

Collaborate and build relationships: The ability to display teamwork and commitment, work collaboratively, build an inclusive work environment and promote regulatory cooperation. This includes establishing, nurturing, and sustaining supportive and trusting partnerships with foreign financial markets, and regional and international regulators, organizations and institutions, in order to facilitate the achievement of strategic and operational objectives and develop the financial markets within the State of Qatar.

Executive with excellence: The ability to take ownership of own self-improvement and demonstrate initiative in setting clear and specific milestones while taking the necessary measures to pursue them with perseverance and excellence in addition to actively contributing to building an enabling culture that fosters continuous learning within our client and across the financial sector. This includes the ability to develop optimal solutions, methods, and processes to achieve operational excellence in addition to demonstrating ability to adhere to clear and consistent processes and demonstrate the highest standards of ethics, professionalism, discipline, and commitment in interactions and in executing work.

Education (if blank, degree and/or field of study not specified)

Degrees/Field of Study required:

Degrees/Field of Study preferred:

Certifications (if blank, certifications not specified)

Desired Languages (If blank, desired languages not specified)

Travel Requirements

Not Specified

Available for Work Visa Sponsorship?

Yes

Government Clearance Required?

No

Job Posting End Date