Deputy Head (Payment & E-money Institutions) - Finance jobs in Malta - December 2023
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Deputy Head (Payment & E-money Institutions)

Malta Financial Services Authority , Central Malta

Published on 14 Feb 2023

Expired on 04 Apr 2023

Job vacancy: Deputy Head (Payment & E-money Institutions) within Banking Supervision in Grade 4
Job code: BS/016/2022

About Banking Supervision:
Banking Supervision is responsible for the supervision of Malta's banking, payment and e-money providers.  There are over 20 banks and 50 payment/e-money firms.

We represent Malta in EBA and ECB Committees as well as to the wider EU and domestic industry.  Our responsibility is to design and execute sector and individual firm strategies.  We do this through extensive internal and external collaboration to maintain stakeholder confidence in our approach.

There are significant opportunities to develop highly valued technical and policy skills, work within a talented and energetic team and be part of a busy and important industry sector.

The Role:
The Deputy Head for Financial Institutions in Banking forms part of the Senior Leadership Team of Banking Supervision. You will lead a team of 9 responsible for the MFSA’s strategy towards and oversight of all payment and E-money firms in Malta.

You will represent the MFSA externally to the sector and other key stakeholders such as government and European industry bodies.

The role is integrated into the management of the banking sector, you will also need to forge good working relationships with those working on the oversight of the VFA sector where business models are increasingly coming closer together, as well as other important MFSA stakeholders providing support to the supervisory work of the team.

Applicants should demonstrate a good understanding of the issues in the sector, previous experience managing delivery through others and managing change, and be able to prioritize flexibly in response to events and stakeholder concerns.
  • Lead, manage and mentor a high-performing and experienced team operating in a dynamic sector;
  • Develop, review and implement a sector strategy that delivers impact and improvements using MFSA’s resources most efficiently;
  • Contribute actively to the leadership of the department, improving its operations and providing input into the supervisory approach of regulated banks and financial institutions.
  • Deliver a strong working relationship with other MFSA departments to support the MFSA’s interests;
  • Lead the relationship with firms in the sector being capable of managing relationships with board members and senior management;
  • Represent the MFSA externally to government, EU bodies, and sector representatives;
  • Take responsibility for one’s own personal development and career management within the MFSA and contribute to the MFSA’s leadership team generally.

About You:
  • We are looking for candidates with a solid academic background in Banking, Finance, Economics, Accounts, Payment services, or in a relevant field.
  • 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 recognized professional qualification at a comparable level.
  • You will also possess a minimum of six (6) years working in a similar senior 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 ten (10) years of relevant experience in a senior-level role, we would still be interested in speaking with you.
  • You will have leadership and management experience which you will use to motivate and develop your team to deliver your strategy and outcomes.
  • You will also have a track record of managing a complex and demanding set of stakeholders, ideally in a regulatory or policy environment.  Credibility with internal and external stakeholders is key to delivery in this role.
  • You will need to be comfortable operating across a range of business areas, including analyzing business models, governance and control structures, and operational and IT resilience.  Experience in the sector is desirable, and the capacity to learn and develop an understanding of the businesses and the challenges it faces are essential. 

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 interview. Details can be obtained by accessing the National Commission for Further and Higher Education website 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: 390/2022

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
Experienced (3 years +), Middle Management, Senior Management
Experience Level
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