Job vacancy: Senior Manager (Listings) within Securities and Markets Supervision
Job code: SMS/053/2020
Public Call Permit: 26/20201
About Securities and Markets Supervision:
The Securities and Markets Supervision Function is responsible for supervising investment services license holders, collective investment schemes, trading venues, central securities depositories, financial and non-financial entities falling under the scope of EMIR or SFTR, and recognized private collective investment schemes, registered tied agents and recognized administrators. This Function is also responsible for the regulation and oversight of activities in capital markets including the processing of applications for admissibility to listing on Regulated Markets and public offers, the processing of notifications in terms of the Securitisation Act, the supervision of the continuing obligations of Listed Companies on Regulated Markets in Malta, the supervision of the markets to identify any market abuse and to carry out any appropriate reviews where applicable.
The selected candidate will:
- Lead, mentor, and manage a team that is responsible for reviewing applications for admissibility to the listing of securities on the Maltese regulated markets and prospectuses by adopting a proactive risk-based approach. This includes the analysis of financial soundness, corporate governance and transparency and the formulation of a recommendation on the relevant applications;
- Manage and engage directly with sponsors, auditors, legal advisers to challenge matters relating to the applications;
- Ensure early identification of red flags in the proposed applications and determine appropriate actions to be taken in the circumstance and/or escalate accordingly by using experience, knowledge and professional judgment to analyze complex cases;
- Prepare, sign-off internal memos and present applications for admissibility to listing to the Listing Committee and the Listing Authority, as necessary;
- Represent the MFSA in EU and international fora and engage with other competent authorities, as necessary;
- Act as a reference point and train direct reports as well as provide upward support to the Deputy Head and Head of the Securities and Markets Supervision function, as may be required.
We are looking for candidates with a solid academic background in Financial Services, Accountancy, Law, or other related finance areas. You will need to have academic qualification/s 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 eight (8) years of work experience in the area of financial services. 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 15 years of relevant experience, we would still be interested in speaking with you. Candidates will also be required to demonstrate in-depth knowledge of regulatory requirements applicable to the financial sector, with a proven level of managerial skills and the personality required to supervise and manage staff, as well as proven ability to delegate tasks.
To succeed within this role it is essential that you have:
How to apply or query further information:
- Excellent knowledge of the Prospectus Regulation, Listing Rules, and Listing Authority policies;
- Strong leadership qualities with the ability to lead, motivate and inspire members of the team;
- Problem-solving and analytical thinking skills with the ability to think out of the box and come up with pragmatic solutions in difficult situations;
- The ability to be strong and assertive with applicants, sponsors and legal advisers where circumstances warrant;
- Strong verbal and written communication skills with the ability to influence internal senior management and external stakeholders.
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.
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.