Senior Analyst, Market Supervision (Abu Dhabi Based)

Binance is a reputable global blockchain ecosystem known for being the home of the world's largest cryptocurrency exchange based on trading volume and user base. Trusted by over 300 million individuals across more than 100 countries, Binance excels in security, transparency of user funds, speedy trading engine, deep liquidity, and a wide array of digital-asset products. Services provided by Binance encompass trading, finance, education, research, payments, institutional offerings, Web3 features, and more. The company's strategic utilization of digital assets and blockchain aims to develop an inclusive financial ecosystem to drive the democratization of money and enhance financial accessibility globally.

Overview of Role

The Senior Analyst in Market Supervision plays a critical role in overseeing market integrity and monitoring the admission and ongoing supervision of Members and Remote Members within the Binance ecosystem, operating under the regulatory framework of the ADGM Financial Services Regulatory Authority (FSRA). This role involves managing daily operations covering integrity monitoring and member supervision tasks. The position is crafted to offer comprehensive operational coverage throughout the supervisory process, conduct analytical oversight and procedural assurance activities under HoMS delegation, and provide support in the absence of the HoMS for the routine functioning of the market supervision function.

The role focuses on analytical and procedural aspects and does not possess delegated external authority, necessitating reviews and approvals from the HoMS for tasks such as regulatory notifications, admission decisions, risk assessments, and regulatory communications to uphold accountability without sacrificing efficiency.

Responsibilities

Market Integrity Monitoring

• Serve as the operational liaison with the Market Surveillance department on alert handling, case referrals, and data requisitions.
• Conduct initial evaluation and examination of surveillance alerts, documenting reasons for closure, escalation, or further investigation.
• Prepare detailed escalation packages for HoMS assessment, outlining pertinent facts, relevant rule provisions, and suggested supervisory outcomes.
• Manage the investigation's case file system, ensuring proper documentation, version tracking, and audit readiness.
• Monitor open integrity cases to resolution, ensuring timely follow-ups on dependencies and reporting progress within established timelines.
• Undertake procedural checks on integrity controls to verify the functionality of surveillance, escalation, and record-keeping procedures.
• Draft responses and briefings regarding FSRA integrity-related matters for HoMS review and validation.

Member Admission Due Diligence

• Lead the end-to-end due diligence process for potential Members and Remote Members of the RIE and RCH, from initial application review to recommendation submission.
• Assess applicant documentation, including constitutional papers, regulatory clearances, organizational structures, financial evidence, operational capabilities, and KYC/KYB materials.
• Conduct risk evaluations of members based on the EMRA scorecard, consistently applying the scoring methodology and corroborating scores with source documents.
• Identify inadequacies, undocumented claims, and internal discrepancies in application materials, highlighting the required documents, approvals, or evidence for rectification.
• Prepare preliminary assessment reports and executive summaries for HoMS evaluation, proposing necessary conditions, commitments, and priority remedial actions.
• Ensure the proper alignment of rulebook obligations with clients in cases where a member functions in an agency or pass-through capacity.

Ongoing Member Supervision

• Maintain the Member register, the annual supervision plan, and member file systems, consistently ensuring information is up-to-date, complete, and easily retrievable.
• Execute continuous supervision procedures including regular member reviews, collection and review of audited financial statements, monitoring of margins and financial resources, processing of change notifications, and verifying client-level screenings.
• Monitor members' compliance with admission terms and commitments, escalating any breaches or escalating risk indicators to the HoMS.
• Serve as the key contact point between applicants, Members, and Market Supervision for routine inquiries, document requests, and status updates.

Regulatory Engagement and Advisory Support

• Compile preliminary responses to FSRA Requests for Information (RFIs) across integrity and member-related affairs for HoMS evaluation and approval.
• Collate supporting documentation and timelines for regulatory submissions, thematic reviews, and supervisory interactions.
• Provide advisory support within the business unit concerning new product launches, market model adjustments, and identification of modalities and supervisory obligations within MIR and Rulebook parameters.
• Contribute to the enhancement of Market Supervision reporting tools, generating management data to identify trends and proactively adjust supervisory mechanisms.
• Update and enhance the function's procedures, templates, checklists, and scoring mechanisms to reflect changes in rulebooks and regulatory expectations.

Governance and Control

• Independently manage the function while maintaining a separation from commercial affairs, promptly addressing potential or perceived instances of conflicts of interest.
• Adopt a meticulous, evidenced-based review approach ensuring conclusions are well-supported by documented sources and clearly distinguish between verified information and outstanding queries.
• Prepare all work in a manner capable of withstanding intense regulatory and audit scrutiny ensuring compliance with defined standards.
• Refer complex decisions requiring HoMS approval - such as regulatory escalations, admissions choices, risk assessments, and external communications - for review and sign-off with no exceptions.

Requirements

Minimum Requirements

• Relevant experience in market supervision, market surveillance, exchange or clearing house membership, regulatory affairs, or financial services regulation within an exchange, clearing house, regulator, or regulated financial entity.
• Competent understanding of a market infrastructure regulatory framework and rulebook regime, with the ability to interpret and apply specific rule provisions to real-case scenarios.
• Demonstrated expertise in corporate or institutional due diligence processes, such as reviewing KYC/KYB documentation, evaluating ownership and control structures, and implementing a structured risk assessment methodology.
• Proven track record in preparing comprehensive written materials for senior approval or regulatory submissions, with a focus on precise, structured, evidence-backed, and prominently decision-ready drafting.
• Sound judgment capabilities to distinguish significant from inconsequential findings and the proficiency to flag gaps and inconsistencies explicitly rather than overlooking them.
• Strong organizational skills to manage and oversee multiple concurrent matters within established turnaround times while maintaining meticulous record-keeping standards.
• Ability to operate independently and with integrity in a control function role, underlining comfort in dealing with roles involving commercial pressure.

Preferred Requirements

• Direct exposure to the ADGM FSRA framework, the Market Infrastructure Rules (MIR), or comparable extensively recognized exchange or clearing house regulations.
• Hands-on involvement in exchange or clearing member admission processes inclusive of remote membership and cross-border access protocols.
• Familiarity with market abuse and misconduct typologies, surveillance alert management, and case workouts.
• Exposure to digital asset markets alongside more conventional securities, derivatives, or clearing products.
• Experience in anti-money laundering, sanctions screening frameworks, review of politically exposed persons (PEP) and adverse media, and enhanced due diligence (EDD) regarding high-risk relationships.
• Relevant professional certifications related to financial regulation, compliance, risk management, or law.
• Proficiency in Arabic language would be an advantage.

Binance provides a proactive working environment equipped with an array of unique opportunities to shape the future within a dynamic global organization focused on blockchain technologies. Employees are encouraged to collaborate with top-tier professionals across diverse fields in a flat organizational structure that is user-centric. Team members engage in challenging projects with autonomy in an innovative atmosphere, promoting personal and professional growth. As a performance-driven company, Binance offers competitive compensation packages and a spectrum of company benefits, alongside the flexibility of a work-from-home arrangement tailored to match the team's project requirements.

Binance is dedicated to upholding diversity and equality in its workforce, recognizing that inclusive teams are pivotal to overall success. By applying for a role at Binance, applicants acknowledge having reviewed and adhered to the organization's Candidate Privacy Notice set forth for information management during the application process. AI tools may be utilized during parts of the recruitment process to support application reviews, analyze resumes, and evaluate responses, focusing on identifying potential anomalies or verification signals. While these tools assist the recruitment team, the final hiring decisions reside with human evaluators. For more details on data processing, applicants can act on record by engaging directly with Binance for clarifications.