Malta Financial Services Authority is looking to recruit Deputy Head
on a full-time basis to join their team within their Administration department. The Authorisation (AU) is responsible for the processing of applications of entities proposing to carry out activities in the areas of banking, securities, insurance and pensions, trusts and Company Service Providers. These activities are regulated and supervised by the MFSA in its role as single regulator of financial services in Malta. The Authorisation, with a staff complement of 35, is the entry point for a regulated entity to operate in Malta. AU is a multidisciplinary team consisting of professionals from different academic backgrounds.
The Deputy Head (Banking) will report to and deputise for the Head of Authorisation and will:
- Be thoroughly familiar in the application of the Regulatory Framework in the areas of credit and financial institutions;
- Handle meetings with potential applicants;
- Be expected to take over the duty of coordinating the work-load of the Unit in the area of Banking, Payment Services and E-Money institutions;
- Direct and carry out second reviews of applications for the issue of licences as necessary;
- Provide guidance and leadership to managerial staff within the Office;
- Cross train staff;
- Assist the Head of Authorisation in the general management of the Office.
Other important information:
- We are looking for candidates with a solid academic background in Banking, Finance, Payment services, or in a relevant field. Expertise in Information technology would also be considered an asset.
- 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 six (6) years working in a similar senior role. Candidates with longer working experience relevant to the role will be preferred.
- Candidates will also be required to demonstrate in-depth knowledge of regulatory requirements applicable to the financial sector, particularly in the area of banking and proven level of managerial skills and the personality required to supervise and manage staff, as well as proven ability to delegate tasks.
- If you do not have the necessary academic or professional qualifications but you have at least ten (10) years of relevant experience, we would still be interested in speaking with you.
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.
Malta Financial Services Authority:
The Malta Financial Services Authority (MFSA) is the single regulator for financial services in Malta. It was established by law on 23 July 2002 taking over supervisory functions previously carried out by the Central Bank of Malta, the Malta Stock Exchange and the Malta Financial Services Centre. The Authority is a fully autonomous public institution and reports to Parliament on an annual basis.