Analyst (Payment and E-Money Institutions) - Finance jobs in Malta - February 2023
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Analyst (Payment and E-Money Institutions)

Malta Financial Services Authority , Central Malta

Expires in 7 days (10 Feb 2023)

Job Vacancy: Analyst (Payment and E-Money Institutions) within Banking Supervision in Grade 7
Job code: BS/017/2021

About Banking Supervision:
Banking Supervision carries out onsite and ongoing supervision of licensed banks and non-bank financial institutions. The Banking Supervision team comprises professionals with a financial service academic background, but also legal and IT professionals to support policy and supervisory work. The Financial Institutions team focuses its supervisory oversight over a sub-set of entities licensed in terms of the Financial Institutions Act, predominantly comprising of payment and electronic money institutions.

The selected candidate will be appointed as an Analyst in Grade 7 level and will undertake duties of a direct supervisory nature. The following are some tasks you may be involved in, depending on your area of expertise and academic background:
  • Acting as a contact point with licence holders, corresponding directly with these counterparties, reporting findings, and resolving issues as they arise;
  • Actively participating in onsite compliance inspections, ensuring that they are delivered with the required regulatory standards while interfacing with licence holders on an ongoing basis;
  • Undertaking supervisory assessments of licence holders covering regulatory and AML/FT compliance and ICT risk;
  • Engage and address any regulatory issues that may arise in the normal course of the supervised entities' business to ensure that the level of compliance with applicable regulatory standards is maintained;
  • Undertaking other supervisory tasks or projects as delegated by line management.

About You:
We are looking for candidates with a solid academic background in accountancy and/or banking or in another financial services area that may be considered as relevant to this post. 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.

Preference shall be given to candidates who possess one or more of the following:

  • A qualification in Accountancy at MQF level 6 or higher;
  • Relevant professional experience within the payments/e-money industry;
  • A relevant qualification in AML or Financial Crime and/or relevant professional experience;
  • A CISA certification or similar.

You will also possess a minimum of three (3) years of working experience in the area related 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 seven (7) years of relevant experience, we would still be interested in speaking with you.

How to apply or query further information:
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 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. 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: 739/2021

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.

Full Time
Job Type
Intermediate (1-3 years), Experienced (3 years +)
Experience Level
Financial Services

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