Senior Analyst (Financial Stability - Banking sector)

About the Department 

The Financial Stability function is responsible for identifying and assessing risks that have the potential to spread within the financial sector and the real economy (systemic risks). Through its own macroprudential research and analysis of the financial sector, which covers the banking, insurance, and securities sectors, the function contributes to the formulation of policies aimed at mitigating identified risks. 

About the Role  

As a Senior Analyst within Financial Stability you will be responsible for the following job accountabilities:  

• Leading projects on the identification and surveillance of current and emerging risks developing within the banking sector; 
• Undertaking research on areas related to financial stability, with a focus on the banking sector; 
• Setting-up and assisting in the development of both qualitative and quantitative techniques, such as econometric modelling with time series, setting up of questionnaires and construction of indicators within a team responsible for the identification of financial stability risks and vulnerabilities; 
• Preparing technical and analytical reports and briefing notes on systemic and/or other associated risks, particularly within the banking sector; 
• Providing feedback on working documents; 
• Attending and assisting in technical meetings organised within the MFSA as well as at national and European/international level; 
• Contributing to the MFSA’s publications in the area of financial stability; and 
• Undertaking other tasks/duties as directed by line management. 

The selected candidate is expected to be able to multi-task and meet strict deadlines, be able to work on own initiative and have attention to detail. Knowledge of statistical software such as Python, R and SQL will be considered as an asset 

About You 

We are looking for candidates who are eager to join an enthusiastic team with a passion for compliance. You should have a solid academic background in Law, Banking & Finance or any other related area, to increase the current pool of internal expertise in the Trustees and Company Service Providers Supervision Function. 

Experience and/or or background knowledge related to trust management and company service providers will be considered as an asset for this role. 

The ideal applicant should demonstrate the following skills/experience:  

• Self-driven and ability to meet deadlines; 
• Interest in financial services; 
• Attention to detail and strive for quality and accuracy of the work; 
• Highly organised; 
• Strategic thinking; 
• Ability to take a leading role and carry out independent research; 
• Excellent time management skills and ability to adapt to changing priorities as may be necessary; 
• Ability to maintain good working relationships with other team players and with the industry in general; and 
• Excellent verbal and written communication skills. 

The role calls for an academic qualification in Economics, Mathematics, Finance, or 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 five (5) years working in the area of financial services and/or compliance with financial services regulation for a number of years.  

If you do not have the necessary academic or professional qualifications but you have at least ten (10) years of relevant experience in the area of financial services and/or compliance with financial services regulation, 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. Details can be obtained by accessing the National Commission for Further and Higher Education website on www.ncfhe.org.mt 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 www.mfsa.mt. 

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: 1084/2024