Senior Manager Resolution Planning

within Resolution

VIEW JOB DETAILS

Senior Manager Resolution Planning

within Resolution

VIEW JOB DETAILS

  • Grade:

    5

  • Type:

    Indefinite

  • Job code:

    RES/01/2023

  • Team:

    Resolution Planning

About Resolution

Resolution is responsible for drafting resolution plans for banks and certain investment services firms, advise the Resolution Committee on whether an institution should go into liquidation or resolution and the application of resolution tools when necessary. Resolution interacts on an on-going basis with European institutions and local Authorities.

In order to retain its operational independence from the supervisory function, the MFSA Act contemplates the creation of a Resolution Committee and its underlying structures. The Resolution Committee has all the powers assigned to it by the Resolution Authority under the above-mentioned Act. The Resolution functions are carried out as contemplated by the Act and as provided for by the Resolution Committee. Furthermore, Resolution also administers the requirements emanating from the Bank Recovery and Resolution Directive (BRRD), Single Resolution Mechanism Regulation (SRMR), the Recovery and Resolution Regulations (RRR) and the Intergovernmental Agreement (IGA) on the transfer and mutualisation of contributions to the Single Resolution Fund.

Moreover, Resolution interacts continually with European institutions mainly the Single Resolution Board (SRB) and local authorities to draft resolution plans for banks and certain investment firms. They also advise the Resolution Committee on whether an institution should go into liquidation or resolution, applying resolution tools as necessary. Furthermore, they manage the process related to Resolution Funds and draft necessary Policies and Legislation supporting the resolution process.

Resolution is composed of two main teams which are inter-related, Policy & Legal and Resolution Planning. Policy & Legal is focused on transposition and drafting of relevant legislation and issuance of circulars to apply European Banking Authority (EBA) Guidelines. This team is also responsible for the analysis of policy documents, drafting of policies and procedures to operationalise resolution functions set in legislation, and for processes related to contributions towards Resolution Funds. Resolution Planning involves preparing resolution plans, based on requirements emanating from relevant legislation and policies, for credit institutions and certain investment firms licensed in Malta, in cooperation with the SRB.  Both teams are also involved in meetings and task forces at international and local level.

The Role

The successful candidate should demonstrate the ability to identify patterns across situations that are not obviously related, to identify key or underlying issues in complex situations, inspire and influence others towards a common goal, and be an effective communicator and motivator. He/she will join a multidisciplinary team and will be expected to join in the various duties that are undertaken by Resolution including the following tasks as necessary:

  • To liaise with the Head and Deputy Head on the design and application of the resolution planning team workplan;
  • To mentor more junior members of the team and review their output, provide feedback and guide them as required
  • To cooperate with the legal and policy team in relation to policy development and application and participate in policy discussions on resolution planning;
  • To participate in Internal Resolution Teams to manage the Resolution Planning activities for Significant Institutions, in collaboration with the SRB, and draft resolution plans and conducting resolvability assessments if necessary;
  • To manage the process on Resolution Plans for Less Significant Institutions (LSIs).
  • To analyse and assess bank recovery plans and other documents related to resolution planning process, make assurance checks and take an active role in the application of SRB policies and MREL to domestic credit institutions
  • To take an active part in the discussions in relevant SRB and EBA committees or task forces related to resolution planning, analyse documents and prepare any comments as necessary
  • To represent the Resolution Unit on domestic and international working groups and task forces to discuss issues related to resolution
  • To provide comments to the Ministry responsible for Finance, when necessary, and liaise with the Central Bank of Malta and other MFSA Functions.
  • To prepare staff appraisals in collaboration with the Head and Deputy Head and hold meetings with staff members as required
  • To replace Head and Deputy Head as required
  • To attend planned or ad-hoc meetings/conference calls internally and with other authorities and licence holders as necessary and prepare related documents where necessary;
  • Undertake ad-hoc assignments related to resolution aspects, that may arise from time to time and to report on the outcome of such assignments as may be appropriate and necessary.

About You

We are looking for candidates with solid academic background in Accountancy, Banking and Finance, Economics or in a similar policy-oriented background.

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.

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, 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.gov.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.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 No: 182/2023