Job Vacancy: Deputy Head (Financial Stability) within the financial stability team.
About Financial Stability:
The Financial Stability function of the MFSA is responsible for risk monitoring and macro-prudential oversight in the financial services sector, the recommendation of regulatory measures to address systemic and other potential risks impacting the sector, and the implementation of policy initiatives to meet regulatory and financial stability objectives. The team responsible for the development and exercise of this function interfaces with the macroprudential supervisory functions of the Authority at the operational level, ensuring that all relevant information is shared and actioned across all areas of regulation and sector-specific supervision.
As Deputy Director the appointee shall:
- Development and delivery of high-quality quantitative and qualitative analyses on financial market developments, in line with macro-prudential supervisory requirements;
- Co-ordinate and provide technical direction and assistance to staff in the identification, monitoring, and assessment of trends, risks and vulnerabilities in the financial system;
- Oversee the collection and evaluation of economic and financial market data;
- Plan and manage work related to impact assessments, oversight programmes and research projects;
- Carry out studies, conduct and coordinate research and analysis in order to support and enhance the function’s work;
- Report on the research and oversight programmes and related outcomes;
- Contribute to, and oversee the quality of, deliverables on market developments and cross-sectoral risk;
- Interact with the relevant work streams related to the work of the Joint Financial Stability Board (JFSB), the European Systemic Risk Board (ESRB), the European Central Bank (ECB);
- Interface with the other functions within MFSA, Government and other national institutions, and European and international agencies in matters related to financial stability and macro-prudential policy;
- Other duties as assigned by Head of Financial Stability.
Other important information:
- We are looking for candidates with a solid academic background in Economics or a comparable recognised financial qualification;
- 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 prior experience in a senior level. 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 ten (10) years of related 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 the application stage or otherwise at the preliminary interview should an applicant be selected for such an 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.
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.