Junior Analyst

About the Department

The Enforcement Function is responsible for reviewing the actions and where necessary conducting investigations of licence holders who have or are suspected of having committed serious compliance failures, serious misconduct or any other serious breaches of the law. The Enforcement Function also investigates the actions of persons carrying out financial services activities without having the necessary licence or authorisation.

About the role

When taking on this role you will work closely with and support senior management within the Enforcement Function. As a Junior Analyst you will primarily be reviewing the actions and where necessary conduct the investigations of financial services licence holders or other authorised persons and/or their officials who have or are suspected of having committed serious compliance failures, serious misconduct or any other serious breaches of applicable laws, regulations, rules or other regulatory requirements. You will also be responsible for the investigation of persons carrying on financial services activities without having the necessary licence or authorisation.

Within this role your duties will include:

• Investigation of licence holders, unauthorised business, financial crime and referral to the police;
• Coordination and cooperation with supervisory functions within the MFSA;
• Discussing investigative strategy with senior management;
• Collection of information, documentation and evidence;
• Attending meetings with licence holders and unauthorised persons under investigation;
• Conducting onsite investigation visits and surprise inspections;
• Analysing, assessing and discussing findings of investigations;
• Identifying breaches or wrongdoing;
• Preparing investigation reports, memos and correspondence;
• Consideration of representations received and discussing them with senior management;
• Preparing memos for submission to the MFSA's decision making body & later following up on decisions taken;
• Attending court sittings as necessary;
• Investigation of dubious and/or fraudulent activities or schemes;
• Internet searches and investigations;
• Preparing notices and warnings to the public;
• Compiling reports for and attending meeting with the police, FIAU, and other regulatory authorities;
• Other duties and tasks as may be assigned by senior management.

About you

To qualify for this role you should have academic qualification in a relevant field of study i.e. financial services, accountancy, law or in another related background 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 would be considered as an advantage.

If you do not have the necessary academic or professional qualifications but you have at least five (5) years within a compliance or an investigative and/or analytical environment, we would still be interested in speaking with you.

Additional 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.

Jobsplus permit no: 352/2022