Legal Counsel (Financial)

The Financial Services Regulatory Authority (“FSRA”) is responsible for the regulation of financial services in Abu Dhabi Global Market (ADGM) and for the regulation of related activities.The Legal Counsel will be part of the Legal team within the Policy & Legal Division of the FSRA. This Division is responsible for:Legal advisory services - in order to enable other Divisions of the FSRA to achieve the objectives of the FSRA (e.g., Authorisation, Supervision, Enforcement, International etc.) and the ADGM:Legislative services - identify and implement policy initiatives relevant to the development of the financial services legal framework of the ADGM in line with international standards set by bodies including BCBS, IOSCO, IAIS, FSB and FATF.Litigation services – support supervisory and enforcement matters including any administrative, tribunal and court matters.The Policy & Legal Division also provides support to other ADGM authorities and the ADGM by:working closely with Registration Authority Legal team that is responsible for the development of the commercial legal framework of the ADGM;preparing relevant Board Papers and legislative changes and engaging with the ADGM Office of Legal Affairs, Governance and Compliance;reviewing and providing feedback to legislation enacted by other local and federal regulatory and government authorities including the CBUAE and the SCA and various Ministries;participating in any working groups and committees with other local and federal regulatory and government authorities, including international assessments of the UAE undertaken by the OECD, FATF and the IMF/World bank;supporting the growth and development of key sectors of the ADGM through policy and legislative initiatives.While the Legal Counsel will provide legal services across the financial services sector, the FSRA is seeking individuals with experience in analysing legal aspects of emerging financial technologies (“FinTech”), including virtual asset service providers, smart contracts, decentralised applications and artificial intelligence.Core ResponsibilitiesAssisting the Director (Financial) in ensuring that the Policy & Legal Division provides the FSRA with timely, high quality, consistent legal services to enable other Divisions to achieve the objectives of the FSRA and the ADGM including:Conducting in-depth legal research and analysis in response to legal or policy queries and interpretation requests from internal and external stakeholders, with a focus on the crypto industry and blockchain technology.Leveraging relevant technicalknowledge to provide sound legal advice to the operational departments oftheFSRA, including Authorisation,FinTech,Supervision,Markets,Financial Crime and EnforcementDrafting and reviewing legal documents, including legislation, consultation papers, noticesand agreementsManaging legal projects and external outsourced legal resourcesManaging litigation for the FSRA including administrative and court matters, with a focus on tech-related litigation and regulatory mattersManaging the legislative drafting process forenhancements to the current FSRA legislative framework, new legislative initiatives and other associated legislation and legal instruments where relevant to the FSRA and the broader ADGMMonitoring and seeking to improve the internal processes and procedures of the Policy & Legal DivisionRaisingawareness of relevantlegal and regulatory developments in the FinTech space, including developments in financial services litigation.EducationAdmitted as a barrister or solicitor in a common law jurisdiction.Work ExperienceAt least 8-10 years’ post admission experience, ideally for a financial services regulator or an entity that is supervised by an internationally recognised financial services regulatorKnowledge, skills and experience in legal and policy matters, with particular focus on regulated financial services, and a strong, substantive understanding of the FinTech industry, including blockchain technology and digital / virtual assetsExpertise in providing focused and pragmatic legal advice on technical financial services-related mattersExcellent communication skills, with particular strength in written communications and draftingStrong negotiation and presentation skills, including ability to communicate effectively both orally and in writing with others at all levels of the FSRA and other ADGM bodiesAbility to work independently with little or no supervisionUnderstanding of emerging enabling technologies (e.g., distribution ledger technology, smart contracts, decentralised technology, artificial intelligence etc.) and their impacts on financial marketsExperience in contentious matters, regulatory investigations and financial services-related litigation.Policy and legislative drafting experienceProficient in Arabic or other language(s) and understanding of the Arabic culture.About UsThe FSRA was established to advocate a progressive financial services environment and uphold the