Job vacancy: Analyst (Investment Firms) within Conduct Supervision
Job code: CS/020/19
About Conduct Supervision:
Conduct Supervision is responsible for the setting up and implementation of the regulatory framework aiming to secure appropriate consumer protection in operations of licence holders in the financial services industry. The Conduct Supervision department is a relatively newly-formed team which currently employs 26 persons and is projecting growth as it is gradually assuming a cross-sectorial function covering under its remit supervision in the conduct of credit institutions, securities, trustees, corporate service providers, as well as insurance and pensions.
Within this role, you will be joining the Investment Firms team within Conduct Supervision which has the primary responsibility of conducting onsite inspections of investment firms with a view to assessing their adherence to the applicable Conduct of Business rules, transposing the MiFID II framework.
You will be expected to:
- Systematically assess business operations and strategy of investment services licence holders to ensure that consumers' interests are at the heart of the way the business is run;
- Participate in any thematic reviews undertaken at investment services licence holders;
- Work closely with the Financial Promotion and Risk Assessment team tasked with analysing emerging risks and trends in the operation of regulated persons;
- Participate in the analysis of data and intelligence received from the Financial Promotion and Risk Assessment team and other sources to help identify the biggest risks of the securities sector;
- Represent the MFSA in engagement with internal and external stakeholders as necessary;
- Handle planned or reactive investment firms’ conduct issues that arise on a day to day basis;
- Exercise supervisory judgement in handling cases, challenging investment firms on consumer protection issues and ensure that such issues are dealt with expeditiously;
- Assume responsibility for direct reports;
- Undertake any other tasks as delegated by senior management in line with the exigencies of the department.
How to apply:
- We are looking for candidates with a solid academic background in Banking & Finance and Law or in another finance-related background. A relevant post-graduate degree would be considered an asset. It would be ideal if the candidate has also exposure in Online Forex trading and Contracts for Differences;
- 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 financial services;
- 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.
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.