Job vacancy: Senior Manager within Due Diligence
Job code: DD/003/2020
*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 Due Diligence:
The Due Diligence function is responsible for conducting due diligence checks on persons being proposed to take on approved positions within entities licensed by the MFSA. This necessitates a close collaboration between the different functions of the MFSA both of a supervisory and regulatory capacity in order to carry out its work more effectively; Among its many duties, the function is responsible for carrying out probity screenings in relation to all qualifying beneficial owners as well key functionaries within a licensed entity. The Due Diligence Function shall also be responsible for carrying out ongoing checks, on a risk-based approach, to verify that approved persons are still of good repute.
- Manage and supervise all due diligent processes;
- Lead and coordinate processes in cases of adverse due diligence;
- Implement and maintain a workflow system governing all analytical and investigational tasks;
- Maintain a quality control framework governing all analytical and investigational processes;
- Contribute towards internal policy development and maintenance;
- Contribute towards the setting up of an intelligence component within the due diligence function;
- Coordinate with other financial and enforcement authorities, firms and third parties for collation of information and intelligence;
- Work across MFSA functions to ensure collaboration for shared goals;
- Facilitate goal-level creation for the team and cascade it to all workers with focus on prioritizing workflow and meeting deadlines;
- Contribute towards a training strategy for analytical and intelligence officers;
- Deliver training programmes related to due diligence and intelligence processing to members of the due diligence function and other functions within the MFSA;
- Other duties and tasks as may be assigned by senior management.
The following skillset is a must for this position:
- To qualify for this job you will need to have academic qualification in financial services, criminology or in another related background at National Qualification Framework Level 6 or better. If your qualifications are not Maltese, please make sure that they are certified by the Malta Qualifications Recognition Information Centre (MQRIC) or a widely recognised professional qualification at a comparable level.
- A sound knowledge of financial services legislation and familiarity with the financial service’s regulatory framework and a relevant Post-Graduate Degree would be considered as an advantage.
- The role calls for an academic qualification in finance, economics or other relevant studies 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 as well as eight (8)years experience in a related area.
- If you do not have the necessary academic or professional qualifications but you have at least fifteen (15) years of relevant experience within the financial services environment, we would still be interested in speaking with you.
How to apply or query further information:
- The ability to multi-task and work on own initiative;
- The ability to work in a team;
- Excellent verbal and written communication skills;
- The ability to cope with a large volume of work, prioritise and deliver under pressure;
- Sound analytical and judgmental skills.
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.