Analyst (Compliance and Risk) - Insurance jobs in Malta - September 2021

Analyst (Compliance and Risk)

JOB TYPE: Full Time JOB LEVEL: Experienced (3 years +)
CATEGORY:
Insurance
EMPLOYER INDUSTRY: Financial Services
Job Vacancy: Analyst (Compliance and Risk) within Insurance & Pensions Supervision in Grade 7
Job code: IPS/007/2021

About Insurance & Pensions Supervision:
The Insurance and Pensions Supervision is responsible for the supervision of insurance companies, insurance intermediaries, retirement schemes, retirement funds and retirement service providers. The team employs professionals with a varied backgrounds and comprises skills related to insurance, pensions, accounting, legal, quantitative analysis, actuarial skills, compliance and others.

The Role:
In the role of Analyst, you are expected to report to the Senior Manager (Compliance and Risk) of the Insurance and Pensions Supervision ("IPS") within the MFSA. In your role, your responsibilities include:
  • Assisting the team in onsite and offsite supervision in order to carry out prudential supervision of licensed insurance license holders;
  • Undertaking analytical duties related to compliance by insurance license holders in line with their statutory obligations emanating from their operating licenses;
  • Carrying out ongoing off-site surveillance on licenseholders;
  • Assisting in the monitoring of the level of compliance with applicable regulatory standards and obligations by licenseholders;
  • Participating in on-site compliance visits of insurance licenseholders;
  • Executing ‘ad hoc' assignments related to specific regulatory and supervisory issues that arise from time to time;
  • Reporting on the outcome of the different assignments as may be appropriate and necessary.


About You:
We are looking for candidates with a solid academic background in Insurance or Pensions or Legal or Finance or a comparable recognised qualification in financial services. 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 widely professional qualification at a comparable level. The applicant should also possess a minimum of three (3) years working in the area of insurance or pensions. 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 five (5) years experience in a similar related role, 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: 532/2021

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.

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