About Resolution
Resolution is responsible for the drafting of resolution plans for banks and certain investment services firms, for providing advice to the MFSA Resolution Committee on whether a failed institution should go into liquidation or resolution, and for applying any of the resolution tools when necessary. Resolution interacts on an on-going basis with local Authorities and European institutions.
In order to retain its operational independence from the supervisory functions, the MFSA Act contemplates the creation of a Resolution Committee and its underlying structures. The Resolution Committee has all the powers assigned to it by the Resolution Authority under the above-mentioned Act. The resolution functions are carried out as contemplated by the Act and as provided for by the Resolution Committee. Furthermore, Resolution also administers the requirements emanating from the Bank Recovery and Resolution Directive (BRRD), the Single Resolution Mechanism Regulation (SRMR), the Recovery and Resolution Regulations (RRR) and the Intergovernmental Agreement (IGA) on the transfer and mutualisation of contributions to the Single Resolution Fund.
Moreover, Resolution interacts continually with internal MFSA functions, local authorities and European institutions mainly the Single Resolution Board (SRB), to draft resolution plans for banks and certain investment firms. Furthermore, Resolution manages the process related to Resolution Funds and drafts necessary Policies and Legislation supporting the resolution process.
Resolution is composed of two main teams which are inter-related, Policy & Legal and Resolution Planning. Policy & Legal is focused on transposing and drafting the relevant legislation and issuing circulars to apply European Banking Authority (EBA) Guidelines. This team is also responsible for analysing policy documents, drafting policies and procedures to operationalise resolution functions set in legislation, and to implement processes related to contributions towards Resolution Funds. Resolution Planning involves preparing resolution plans, based on requirements emanating from relevant legislation and policies, for credit institutions and certain investment services firms licensed in Malta, in cooperation with the SRB. Both teams are also involved in meetings, working groups and task forces at international and local level.
The Role
We are searching for a highly motivated individual who wants to effectively contribute towards the resolution planning of investment firms, and join the Resolution Planning team within the Resolution Unit. Reporting to the Senior Analyst, the successful candidate will be expected to carry out the following tasks:
About You
We are looking for candidates with solid academic background in Accountancy, Banking and Finance, Economics or in a similar policy-oriented background or relevant experience.
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. Possession of a post graduate degree in a discipline relevant to the financial services sector would be considered an asset.
The candidate must 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. In the case that candidates do not have the necessary academic or professional qualifications but have at least seven (7) years of relevant experience preferably related to investment firms, we would still be interested in speaking with you.
Other information
The selected candidate will be given opportunities to learn and be trained for the role, through various mechanisms which the Authority holds, such as, the Financial Supervisors Academy and also on the job training.
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.
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.
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.
Public Call Permit: 953/2024