Job vacancy: Head within the Office of Chief Officer Supervision
Job code: COS/001/19
About Office of Chief Officer Supervision:
Supervisory is responsible for the coordination of the supervisory strategy across all the sectors under the remit of the MFSA, as well as regulatory decisions as delegated from the Co-ordination Committee.
This position reports to the Chief Officer – Supervision and has overall responsibility to coordinate all supervisory activities being undertaken within the Supervision Division. The position holder will ensure that all activity within the Division is aligned with the overall strategy of the MFSA in general and with the supervisory strategy of the Division in particular. In addition, the position holder must further ensure that all activity in undertaken in a coordinated and consistent manner across the Division.
As Head in Grade 3,
the eventual appointee will be expected to:
- Develop, implement and follow-up work plans;
- Hold meetings regularly with the management of the Supervisory Division to discuss work-plans and follow up on progress;
- Assist and coordinate in the identification, setting and presentation of priorities for the Division;
- Ensure that priorities identified for the Division are communicated and applied across all Units within the Division;
- Ensure that supervisory priorities set are reflected in the work plans of the individual's Units within the Supervision Division;
- Manage all centralised resources within the Supervision Division;
- Develop a project reporting system and maintain a project tracking system for all projects within the Division;
- Act as the main coordinator for all projects being undertaken within the Division to ensure consistency and efficient use of resources;
- Prepare, follow up and assess work plans for all resources under his or her responsibility;
- Ensure that risk-based supervision is applied across the Division;
- Monitor and ensure that work carried out within the Division falls within the risk appetite set;
- Ensure consistency across the unit when it comes to approaching being taken for supervision;
- Develop and maintain a performance monitoring system for the Division;
- Provide regular performance reports about the Division as requested by the Chief Officer – Supervision;
- Coordinate the performance and efforts of the individual Units to ensure that the overall objectives of the Division are met;
- Follow up on action points required from the Units to ensure delivery of commitments undertaken by the individual functions;
- Work on specialised projects as assigned by the Chief Officer – Supervision;
- Provide assistance to the Chief Officer – Supervision as required;
- Carry out all and any other related tasks as may be assigned from time to time.
How to apply:
- A first degree in financial services or related area or equivalent professional qualification at NQF Level 6 or better as validated by the Malta Qualifications Recognition Information Centre (MQRIC);
- A post-graduate degree would be considered an asset;
- The chosen candidate will have a minimum of 8 years of work experience in a similar role with a proven track record within the industry in general and Supervision in particular.
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 the 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 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.