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About Banking Supervision
The Banking Supervision (BS) of the MFSA is entrusted with the on-site and ongoing surveillance of licensed banks and non-bank financial institutions following the issue of their licence from the Authorisation Unit. The section carries out supervision of Significant Institutions (SIs) together with the European Central Banks through the Single Supervisory Mechanism (SSM). In addition to SIs, Less Significant Institutions (LSIs) are supervised through the SREP procedures. The team employs persons with a banking background, but also legal and IT professionals to support policy and supervisory work.
The eventual appointee will be appointed as Senior Manager in Grade 5 level and will be expected to report to the Deputy Head (Ongoing Supervision) of the Banking Supervision within the MFSA. S/he will take the responsibility for the management of the on-going section within the Banking Supervision and will be responsible inter alia, for leading the Supervisory Review and Evaluation Process (SREP) of a group of licensed credit institutions. The individual will be expected to carry out the following tasks:
- Leading the SREP on less significant banks.
- Leading the analysis of supervisory returns, financial statements and the banks’ ICAAP and ILAAP documents.
- Assist in the co-ordination and planning of the supervision of LSIs (on-going perspective), including the annual Supervisory Examination Plan (SEP).
- Represent the MFSA at various working groups, task forces and similar groups, including those at the ECB and the EBA, particularly those relating to the supervision of less significant banks.
- Providing guidance and leadership to the Banking Supervision staff in co-ordination with the Head and Deputy Heads, including deputising for the latter as may be required.
- Assisting in the further development of the Information Management System.
We are looking for candidates with solid academic background in banking, accountancy and/or economics or in another financial services related 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.
You will also possess a minimum of eight (8) years working in the banking sector or financial services sector. 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 in a related environment, we would still be interested in speaking with you.
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.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.