Deputy Head (Ongoing)

About Banking Supervision:
The Banking Supervision Function at the MFSA is entrusted with the onsite and ongoing supervision of licensed banks and non-bank financial institutions (FIs) as well as their Authorisation. The Function also carries out supervision of Significant Credit Institutions (SIs) together with the European Central Bank through the Single Supervisory Mechanism (SSM). The Banking Supervision Team is made up of officials with a banking and economics background, but also legal, accounting, and IT professionals to support policy and supervisory work.

The Role:
Within the role of Deputy Head some of the duties that you will be involved in could include:

• Forming part of the senior leadership team within Banking Supervision responsible for providing support to the ECB for its supervision of 3 SIs, 17 LSIs, and 55 FIs;
• Playing an integral role in the leading and managing of a team currently made up of around 17 staff with responsibility for the supervision of the LSI banks including the delivery of the annual SREP assessment; this includes ensuring effective integration of AML supervision into our supervisory approach;
• Working effectively with other departmental colleagues including the technical specialist onsite supervisors, policy and legal teams to deliver timely and effective supervisory outcomes;
• Taking a lead in managing the relationship with the ECB’s Malta desk and organizing supervisory work to meet our obligations as part of the SSM;
• Playing a leading role in conversations with IMF, MoneyVal, and other international organizations which assess the quality of banking supervision in Malta;
• Supporting effective relationships with the Central Bank and Finance Ministry and participate actively in the revision of Malta’s crisis management framework;
• Developing effective working relationships with Senior Management within the MFSA and other internal stakeholders who support the delivery of the supervisory agenda.

About You:

• We are looking for candidates with a solid academic background in a related field. 
• You will need to have academic qualification/s 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 recognized professional qualification at a comparable level.
• A relevant post-graduate degree will be considered an asset.
• You will also have a minimum of 6 years’ working experience relevant to the role. 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 10 years of relevant experience, we would still be interested in speaking with you.
• Candidates will also be required to demonstrate in-depth knowledge of regulatory requirements applicable to the banking sector, with a proven level of managerial skills and the personality required to supervise and manage staff, as well as proven ability to delegate tasks.

To succeed within this role it is essential that you have:

• Proven leadership and managerial skills;
• Excellent knowledge of MFSA regulations and law. Especially those related to the banking sector;
• Problem-solving and analytical thinking experience with the ability to come up with pragmatic solutions in difficult situations;
• Ability to be strong and assertive with license holders when required;
• Strong verbal and written communication skills with the ability to influence and negotiate with internal and external stakeholders as may be necessary.

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.