Senior Manager (Onsite Supervision)

within Banking Supervision Unit


Senior Manager (Onsite Supervision)

within Banking Supervision Unit

  • Grade:

  • Type:

  • Closing Date:

  • Job code:

  • Team:

    OnSite Supervision
  • Date Posted:


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 (FIs) following the issue of their licence from the Authorisation function. Banking Supervision also oversees Significant Credit Institutions (SIs) together with the European Central Bank through the Single Supervisory Mechanism (SSM). The team is mainly made up of individuals with a strong banking background, but also many with a legal, accounting and economics background to support policy and supervisory work.

The Role

Within this role you will be primarily leading and carrying out onsite inspections conducted by Banking Supervision. Below is are some of the main duties this position will involve:

  • Act as Head of Mission from time to time or form part of joint onsite inspection teams on ECB instigated missions at SIs comprising team members from the ECB itself and/or other SSM jurisdictions;
  • Always act as Head of Mission for MFSA instigated onsite inspections at LSIs and FIs as part of the Banking Supervision annual inspection programme. The main purpose of these periodic on-site missions/inspections is to monitor the level of compliance with applicable regulatory standards of the licence holders and eventually the regulatory obligations emanating from the ECB/local banking and financial institutions legal framework;
  • Plan the inspection’s strategy and lead the team members continuously before, during and after the onsite review and coordinate the work done by the whole team in order to draw up the onsite inspection report following the end of the review;
  • Review inspection reports carried out at LSIs and FIs by Analysts/Senior Analysts as part of Banking Supervision's internal consistency  checks;
  • Get involved in ad hoc assignments related to specific regulatory and supervisory issues that arise from time to time and to report on the outcome of such assignments as necessary;
  • Share information and assist other sections within Banking Supervision and as well as other functions within the Authority as necessary.
  • You many be called upon to represent the Authority or contribute towards the operation of regulatory committees and working groups operating within the SSM, EBA or similar overseas regulatory bodies and also within the local financial services sector;
  • Handle any other duties as assigned by the Head or any other delegate depending on the exigencies of Banking Supervision and the Authority, including deputising for the Deputy Head (Onsite) in the latter’s absence as necessary.

About You

We are looking for candidates with a solid academic background in Banking & Finance, Auditing/Accountancy, Economics and/or in other financial services related subjects. You will need to have academic qualification/s 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.

A relevant post-graduate degree will be considered as an asset.

You will also possess a minimum of eight (8) 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 fifteen (15) years of relevant experience within the financial services environment and/or auditing, 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 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

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: 207/2019