Job vacancy: Deputy Head (Ongoing Supervision) within Banking Supervision in Grade 4
Job code: BS/033/2020
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.
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.
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 recognised 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:
How to apply or query further information:
- 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.
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 on www.ncfhe.gov.mt
under the 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.
Public Call Permit: 558/2020
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.