Analyst (Policy)

within Banking Supervision Unit


VIEW JOB DETAILS

Analyst (Policy)

within Banking Supervision Unit


VIEW JOB DETAILS
  • Grade:

    7
  • Type:

    Indefinite
  • Closing Date:

    03/01/2020
  • Job code:

    BS/021/19
  • Team:

    Policy
  • Date Posted:

    18/11/2019

About Banking Supervision Unit


The Banking Supervision function within the MFSA is entrusted with the onsite and ongoing surveillance of licensed banks and non-bank financial institutions following the issue of their licence from the Authorisation Unit. The Policy Section within Banking Supervision provides policy stances and advice, both within the MFSA and to external stakeholders, with a view to the consistent and effective application of the local legislation as well as European Regulations and Directives. The section is also tasked with the transposition and application of such EU legislation and guidelines issued by the European Banking Authority.

The Role


Within this role you will form part of a team of policy experts and will be responsible for:

  • The active participation in the preparation of replies with regards to EU proposals on legislative changes as well as eventual transposition of EU legislation into Maltese law;
  • The development and amendment of relevant Acts and other legislation, as well as amendments to Banking and Financial Institutions Rules in order to address legislative changes arising from EU Directives, EBA Guidelines and market developments in these sectors; 
  • Participation in the preparation of the necessary work in relation to the coming into force of changes to legislation, including liaison with the MFSA's Legal and International Relations Unit (LIRU);
  • Participation in the development of the policy and procedures of the Unit;
  • Assist third parties/relevant authorities, as well as Malta's representatives in the EU as may be required in relation to queries that may arise in connection with any matters which may affect the supervision of credit and financial institutions;
  • Dealing with day-to-day compliance issues emanating from the on-going supervision process of credit and financial institution's licence holders;
  • Attending and representing the MFSA in local and overseas meetings and working groups particularly those relating to the EBA, ECB, ESRB and BIS and other European regulatory bodies;
  • Addressing stakeholders' questions related to the supervision and regulation of credit and financial institution's licence holders;
  • Other ad hoc duties as may be required by the Head and/or the senior management officials of the Unit from time to time.

About You


We are looking for candidates with solid academic background in law, accountancy, economics and banking or in another financial services area which may be considered as relevant to this post.

The role calls for an academic qualification in a relevant field of study at National Qualification Framework Level 6 or better, duly certified by the Malta Qualifications Recognition Information Centre (MQRIC) or a widely recognised professional qualification at a comparable level.

You will also have a minimum of three (3) years' working experience in the area related to the role.  Candidates with longer working experience relevant to the role will be preferred.

If you do not have the necessary academic or professional qualifications but you have at least seven (7) years of relevant experience, we would still be interested in speaking with you.

How to apply

or query further information


Candidates are to forward a copy of their Curriculum Vitae (C.V.) and an accompanying covering letter providing the motivation for the application to [email protected]

Other Important Information


The MFSA is an Equal Opportunities Employer as certified by the NCPE (National Commission for the Protection of Equality) and is committed to a policy of equal opportunity in all aspects of employment and will take care to avoid any form of discrimination in its recruitment procedures. The MFSA reserves the right to withdraw this call at any time and not to select any of the Candidates.

It is the responsibility of applicants in possession of qualifications awarded by Universities and other similar institutions outside Malta to produce a recognition statement on comparability of qualifications issued by the Malta Qualifications Recognition Information Centre (MQRIC). Applicants should do so preferably at application stage or otherwise at the preliminary interview should an applicant be selected for such interview. Details can be obtained by accessing the National Commission for Further and Higher Education website on www.ncfhe.org.mt under MQRIC heading.

The MFSA shall ensure that any processing of personal data is in accordance with Regulation (EU) 2016/679 (General Data Protection Regulation), the Data Protection Act (Chapter 586 of the Laws of Malta) and any other relevant European Union and national law. For further details, you may refer to the Data Protection Policy on the MFSA webpage www.mfsa.com.mt.

Candidates are to note that the submission of any false statement/s or omission, even if unintended, may lead to the cancellation of their application and may render the candidate's appointment liable to termination.

Furthermore, please note that candidates may be asked to submit any documentation in support of the information provided, including but not limited to, proof of qualifications and Police Conduct Certificates.

Public call reference: 669/2019