Junior Assistant - Supervisory Quality Assurance

About the Function / Department

The Supervisory Quality Assurance (SQA) Function acts as a key contributor in the development of a quality-focused culture across the MFSA’s Functions that fall within scope of its remit. As part of the Second Line of Defence, SQA’s primary activities focus on the review of processes being followed by such functions that are within scope, with the aim of safeguarding and enhancing the quality of their processes and activities, as well as of the resultant deliverables. 

In this regard, SQA places emphasis on ensuring that consistency, effectiveness, efficiency and timeliness of the relevant processes and outputs are achieved to the greatest possible extent across the board. SQA is also responsible for identifying emerging risks and deficiencies in the internal supervisory processes and offer recommendations to address shortcomings.

SQA ultimately provides assurance to management that the Authority’s processes and deliverables are aligned with international best practice and European Supervisory Authority standards, as well as with the Authority’s Strategic Priorities.

About Role 

As a Junior Assistant within the SQA Function, you will have responsibility for the following principal accountabilities:

• Preparation and administration of supervisory quality assurance reviews of a horizontal nature, covering processes across the different financial sectors that are regulated by the Authority;
• Assisting in the review of supervisory and enforcement functions’ internal processes and procedures;
• Following up and supporting functions to address any issues identified during the course of such reviews;
• Networking in a collaborative manner with various stakeholders across the Authority;
• Participating in various fora and working groups;
• Other one-off projects and tasks as required by day-to-day exigencies.

This role enables the successful candidate to gain an excellent insight into the regulatory landscape and supervisory practices that apply across the different financial services sectors that are regulated by the MFSA, thereby giving the successful candidate the opportunity to broaden knowledge of financial services in general, with emphasis on the supervisory perspective.

About You

We are looking to engage a student at tertiary level of education who is keen to lay the foundations for a career in financial services regulation. The ideal candidate must therefore be in the process of completing an undergraduate degree in Financial Services, Accountancy, Business Management, Finance or similar at MQF Level 6, duly certified by the Malta Qualifications Recognition Information Centre (MQRIC). 

The following will be considered as key attributes which will be instrumental for the purposes of establishing or consolidating the successful candidate’s professional career path:

• Keen to apply acquired academic knowledge in practice, to help the team achieve the function’s goals;
• Excellent collaboration skills;
• Observant, sharp and ready to challenge or offer their views and / or alternative solutions;
• A keen and attentive eye to detail;
• Good communication skills, both written and verbal;
• Good report writing skills;
• Focus on delivery of objectives within timeframes;
• Knowledge of MS tools.

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 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: 583/2024