An Analyst within Banking Supervision Grade 7
Malta is required on a full-time basis to join Malta Financial Services Authority. 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 Analyst in Grade 7 level and will be expected to report to the Senior Analyst of the Banking Supervision within the MFSA. S/he will form part of the Information Security Analysts (ISA) team, currently housed within the Banking Supervision, and will be responsible for:
- Carrying out reviews of all licensed financial institutions (i.e. including banks, financial institutions, investment services and insurance) mainly on IT matters and IT Governance, which requirements are well defined in the Supervisory Review and Evaluation Process (SREP) amongst others.
- Regulatory Compliance Supervision work.
- Information Security Assessments for the banks and credit institutions.
- Information Risk Assessments.
- Review of IT Policies and Procedures.
- Examination of Service Level Agreements and IT Outsourcing.
- Review of Business Continuity and Disaster Recovery Provisions.
- Review and follow-up of issues identified through external auditors’ management letters when these are IT related.
Other important information:
- We are looking for candidates with a solid academic background in Business and Computing and/or Banking and Finance and/or in another financial service related subject. The person should ideally hold a qualification in CISA, CISM, CRISC, and CISSP.
- 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 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 seven (7) years of relevant experience within the Information Security environment, 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.