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Define and implement the commercial legal strategy framework in coordination with the Legal and Strategy functions, as well as policies, procedures, and operational plan and ensure their alignment with ADGM overall strategy and goals.
Manage the development of the Commercial (legal) function's manpower plan and overall budget and ensure endorsement of the budget by Finance.
Manage the activities of the Commercial (legal) function in accordance with the overall business and operational tolerances.
Develop relevant authority policy initiatives and legislative initiatives with input from all the relevant benchmark and stakeholders including internal and external stakeholders (cross-functional team), and provide guidance with the process of developing a policy and review consultation for policy drafts
Work collaboratively to further develop a comprehensive set of policy priorities, particularly at the authority and departmental levels in addition to provide research and analysis on policy areas important to ADGM and collaborate with a cross-functional team to develop and implement policies
Assess the needs of the ADGM, FSRA, and RA in development and maintenance of an internationally respected regulatory framework reviewing and monitoring international policy and legislative development
Liaise with the UAE Federal government and regulatory agencies on resolution of any policy and legislative initiatives across the FSRA and RA or represent ADGM on all legal issues or concerns with current or proposed legislation
Provide research and analysis on policy areas important to ADGM, and work collaboratively to further develop a comprehensive set of policy priorities, particularly at the authority and departmental levels
Monitor legislative opportunities from change in the political legislative landscape internationally
Reach out and build relationship with law firms and respective applicants in coordination with Business Development function (e.g. BD visits, exchange)
Draft and maintain the ADGM regulations and rules administered by FSRA and RA
Ensure clear legislation that enables regulated entities to effectively and efficiently meet their compliance obligations
Draft, review, negotiate and settle FSRA & RA contracts, agreements, and memoranda of understanding of which ADGM or any authorities or corporate services functions are part of, as well as representing them in negotiations contracts and agreements
Review and oversee the continuous maintenance of ADGM's commercial policies, regulations and fee structure for the Registration Authority with input from the management team, and sign off from the Registrar and Board of Directors
Liaise with corporate communications for effective communications of changes to commercial regulations, applicable laws and policies both internally and externally
Set up and agree MOUs:
with Registrars for the provision / sharing of information related to registered entities/individuals
with government agencies to support the delivery of Registration Authority activities
Support and contribute to the development of the ADGM as an international Financial Center by review ADGM commercial legislation regularly and updating/amending the same to support business needs and/or to ensure relevant international and local best practice.
Monitor local and federal legislation to identify required changes in the Registration regulations and keep contingency plans ready
Provide legal input, advice and prepare legal documentation for the Registration Authority
People Management Responsibilities
Direct the hiring, training and evaluation of the performance of employees within the Commercial (legal) function, and oversee their daily activities.
Liaise with HR to provide the Commercial (legal) team with required competency-based training and development opportunities.
Creates an environment where team members consistently drive to improve performance
Manages team with full accountability for achieving overall agreed objectives
Manages by effectively empowering team members
Takes responsibility for mentoring high potential and most critical talent in their career progression
Reviews performance of team and addresses performance issues quickly through clear decisions
Information Security related
Understand, adopt, adhere and practice responsibilities or controls as per ADGM Information Security policy and as per best practices explained in the induction and awareness sessions.
Confidentiality, Integrity and availability of the ADGM Information shall be maintained at all times i.e. within as well as outside ADGM.