Junior Analyst (Resolution) - Finance jobs in Malta - February 2024
By using this site, you consent to the use of cookies to improve your user experience through analytics and personalised marketing efforts.

Junior Analyst (Resolution)

Malta Financial Services Authority , Central Malta

Published on 11 Jan 2023

Expired on 10 Feb 2023

Job vacancy: Junior Analyst within Resolution in Grade 8 
Job code: RES/013/2022

About Resolution:

Resolution is responsible for drafting resolution plans for banks and certain investment services firms, advising the Resolution Committee on whether an institution should go into liquidation or resolution, and the application of resolution tools when necessary. Resolution interacts on an ongoing basis with European institutions and Local Authorities. In order to retain its operational independence from the supervisory function, the MFSA Act contemplates the creation of a Resolution Committee and its underlying structures. The Resolution Committee has all the powers assigned to it by the Resolution Authority under the above-mentioned Act. The Resolution functions are carried out as contemplated by the Act and as provided for by the Resolution Committee. Furthermore, Resolution also administers the requirements emanating from the Bank Recovery and Resolution Directive (BRRD), Single Resolution Mechanism Regulation (SRMR), the Recovery and Resolution Regulations (RRR), and the Intergovernmental Agreement (IGA) on the transfer and mutualisation of contributions to the Single Resolution Fund.

Moreover, Resolution interacts continually with European institutions mainly the Single Resolution Board (SRB) and local authorities to draft resolution plans for banks and certain investment firms. They also advise the Resolution Committee on whether an institution should go into liquidation or resolution, applying resolution tools as necessary. Furthermore, they manage the process related to Resolution Funds and draft necessary Policies and Legislation supporting the resolution process. Resolution is composed of two main teams which are inter-related, Policy & Legal, and Resolution Planning. Policy & Legal is focused on transposition and drafting of relevant legislation and issuance of circulars to apply European Banking Authority (EBA) Guidelines. This team is also responsible for the analysis of policy documents, drafting of policies and procedures to operationalise resolution functions set in legislation, and for processes related to contributions towards Resolution Funds. Resolution Planning involves preparing resolution plans, based on requirements emanating from relevant legislation and policies, for credit institutions and certain investment firms licensed in Malta, in cooperation with the SRB. Both teams are also involved in meetings and task forces at the international and local levels.

The Role:
The successful candidate will join a multidisciplinary team and will be expected to join in the various duties that are undertaken by Resolution including the following tasks as necessary:
  • Prepare resolution plans and/or assist in the drafting of such plans
  • Analyse and discuss recovery plans as appropriate given the implications that such plans may have on the resolution plans
  • Conduct or assist with the Public Interest and Resolvability assessments
  • Undertaking necessary checks and calculations related to contributions towards resolution financing arrangements
  • Conducting assurance checks of data related to Resolution Reporting and other data used in the resolution planning process
  • The appointee may also be involved in on-site compliance visits
  • Implementing SRB policies and Guidance and the EBA's Implementing and Regulatory Technical Standards
  • Conduct or assist with the analysis and preparation of comments on documents discussed in various Working Groups and Task Forces pertaining to SRB and EBA Resolution Committees
  • Participation and contribution to meetings both locally and overseas, as appropriate
  • Undertake ad-hoc assignments related to resolution aspects, that may arise from time to time, and to report on the outcome of such assignments as may be appropriate and necessary.

About You:
We are looking for candidates with a solid academic background in Accountancy, Banking, and Finance, Economics, or in a similar policy-oriented background or relevant experience. 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. Possession of a post-graduate degree in a discipline relevant to the financial services sector would be considered an asset. In the case of candidates that do not have the necessary academic or professional qualifications but have at least five (5) years of relevant experience, we would still be interested in speaking with them.

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 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.

*Jobsplus permit no: 360/2020

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

Semi / Senior Auditor

Financial Controller

Junior Middle Officer

Send me Similar Jobs