Head of Trustees Supervision

About the Department

The Trustees Supervision Function is responsible for overseeing authorised trustees and other fiduciaries, including administrators of private foundations. The key aim of the department is to monitor these entities and ensure their compliance with the applicable legislative framework, thus safeguarding the interests of clients involved in regulated activities.

About the Role

As the Head of Trustees, you will play a crucial role in setting the strategic vision for the function, ensuring the MFSA achieves its long-term goals and regulatory objectives. Your leadership will be instrumental in developing a robust supervisory framework and elevating standards within the industry.

Key responsibilities include:

• Defining and executing a long-term vision for the Trustees Supervision Function, focusing on where the MFSA needs to be and charting the path to get there.
• Developing and enhancing mechanisms for efficient and effective supervision within the sector.
• Promoting a compliance-driven culture across the industry, encouraging higher standards in the supervised entities.
• Representing the function and the Authority at both local and international forums, addressing issues relevant to trustees and fiduciary supervision.
• Ensuring the appropriate allocation of tasks and the achievement of set objectives for both individual team members and the function as a whole.
• Collaborating with other regulatory and management functions within the MFSA to ensure cohesive operations.
• Building and fostering strong relationships with other functions, promoting better communication and collaboration across the Authority.
• Leading, mentoring, and supporting team members, enabling them to develop the skills required to fulfil their responsibilities effectively.
• Delegating tasks appropriately to ensure the smooth running of the team.
• Managing recruitment, training, and performance appraisal processes in line with budgetary constraints.
• Ensuring employee retention and succession planning to maintain a well-structured and resilient team.
• Preparing and managing resource requests to meet the function’s needs.
• Maintaining up-to-date policies and procedures relevant to the function.
• Addressing any operational issues related to the function's affairs and handling any other duties as assigned by the Chief Officer Supervision.

About You

We are looking for an experienced professional with a solid academic background in Law, Accountancy, Banking and Finance, Economics, or another related discipline. The role requires:

• A qualification at National Qualification Framework Level 6 or higher, certified by the Malta Qualifications Recognition Information Centre (MQRIC), or an internationally recognised professional qualification of a comparable level.
• A postgraduate degree in a relevant field, which would be considered an asset.
• A minimum of seven (7) years of experience in a senior regulatory or supervisory role, preferably with twelve (12) years of total experience in the financial services sector.
• Alternatively, candidates with at least fourteen (14) years of relevant experience but without formal qualifications will also be considered.

The ideal candidate should possess:

• Strong leadership and people management skills.
• Excellent communication and analytical abilities, with the capacity to define and manage priorities effectively.
• Proven negotiation skills.
• A collaborative and team-oriented mindset.

Other 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 on www.ncfhe.gov.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: 1032/2024