Analyst (Risk)

within Insurance and Pensions Supervision Unit


VIEW JOB DETAILS

Analyst (Risk)

within Insurance and Pensions Supervision Unit


VIEW JOB DETAILS
  • Grade:

    7
  • Type:

    Indefinite
  • Closing Date:

    15/11/2019
  • Job code:

    IPS/024/19
  • Team:

    Compliance and Risk Management
  • Date Posted:

    31/10/2019

About Insurance and Pensions Supervision Unit


The Insurance and Pensions Supervision is responsible for the prudential supervision of insurance companies, insurance intermediaries, retirement schemes, retirement funds and retirement service providers. The team employs professionals with a varied background and comprises skills relating to insurance, pensions, accounting, legal, quantitative analysis, actuarial, compliance and others.

The Role


The eventual appointee will be joining the Compliance and Risk Management team to assist the team in the onsite and offsite prudential supervision of insurance and pensions licence holders. Reporting into the Deputy Director – Compliance and Risk Management team within the Insurance and Pensions Supervision, the individual will be expected to carry out the following tasks:

  • Reviewing, assessing and analysing the effectiveness of the risk management framework systems (comprising strategies, processes and reporting procedures necessary to identify, measure, monitor, manage and report on a continuous basis the risks to which the licenseholders are exposed) adopted/developed by license holders as well as the effectiveness of business continuity management plans.
  • Assisting in the development of risk management tools and in the on-going development of the risk scoring tool to determine the overall risk imposed by licence holders being supervised.
  • Assisting and providing support in the continuing development and enhancement of the Risk Assessment Framework.
  • Calculating and assessing Key Risk Indicators.
  • Providing technical support in the evaluation of internal models and the assessment of Own Risk and Solvency Assessment of insurance licence holders.

About You


We are looking for candidates with solid academic background in risk management, or in a financial services related discipline.

The role calls for an academic qualification in a relevant field of study at National Qualifications 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.

The applicant is also to possess a minimum of three (3) years working in the area of insurance preferably in risk management. 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 in a similar area 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.

Job Permit: 77/2019