Job vacancy: Analyst (Investment Firms) within Securities and Markets Supervision
Job code: SMS/040/2020
*During these challenging times, MFSA is doing all it can to keep employees & the general public safe. We are conducting online interviews & induction sessions for new employees and working remotely as much as possible. For those employees that need to be in the office, we are ensuring that every precaution is being taken.
About Securities and Markets Supervision:
Securities and Markets Supervision is responsible for overseeing investment services license holders, trading venues, central securities depositaries, recognised private collective investment schemes, etc. The Function is also responsible for the regulation and oversight of activities in capital markets including the processing of applications for admissibility to listing on Regulated Markets and the prevention of financial market abuse.
Within this role, you will form part of the Investment Firms Team of Securities and Markets Supervision. The following are some tasks you will be involved in:
- Undertaking assessments of licence holders through the compilation of high standard reports;
- Acting as a contact point with licence holders, corresponding directly with these counterparties, reporting findings and resolving issues as they arise;
- Actively participating in onsite compliance inspections, ensuring that they are delivered with the required regulatory standards while interfacing with licence holders on an ongoing basis;
- Providing front line support during onsite supervisory visits working closely with more senior members of the team;
- Conducting desk based reviews to determine whether licence holders are compliant with local primary and secondary legislation as well as regulations relating to investment services as updated from time to time, including financial documentation submitted to the MFSA on a periodic basis;
- Using judgement to identify high risk cases and prioritising accordingly, escalating issues when necessary to senior management;
- Undertaking other supervisory tasks or projects as delegated by line management.
The candidate should possess the following skillset:
- We are looking for candidates with solid academic background in Law, Accountancy, Banking, and Finance or in Economics or Public Policy or in Statistics or in another finance related background, to increase the current pool of internal expertise in Securities and Markets Supervision;
- 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 three (3) years working in the area of financial services and/or compliance with financial services regulation for a number of years. 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 seven (7) years of relevant experience, we would still be interested in speaking with you.
How to apply or query further information:
- ability to multi-task and work on own initiative with minimum supervision;
- be a self-motivated team player and able to adopt various roles within a team;
- excellent verbal and communication skills;
- ability to prioritise and deliver under pressure;
- highly IT literate with advanced knowledge in spreadsheets and databases;
- sound analytical and judgemental skills compiling reports of a high standard.
Candidates are to forward a copy of their Curriculum Vitae (C.V.) and an accompanying covering letter providing the motivation for the application.
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 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.
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.