Senior Legal Counsel (Banking) - Legal jobs in Malta - April 2023
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Senior Legal Counsel (Banking)

Malta Financial Services Authority , Central Malta

Expires in 3 days (04 Apr 2023)

Job vacancy: Senior Legal Counsel (Banking) within Banking Supervision in Grade 5
Job code: BS/002/2022

About Banking Supervision:
The Banking Supervision Function at the MFSA is entrusted with the onsite and ongoing supervision of licensed banks and non-bank financial institutions (FIs), as well as their Authorisation. The Function also carries out supervision of Significant Credit Institutions (SIs) together with the European Central Bank through the Single Supervisory Mechanism (SSM). The Legal and Policy Team within Banking Supervision provides policy stances and legal advice, both within the MFSA and to external stakeholders, with a view to the consistent and effective application of the local legislation as well as European Regulations and Directives. The team is also tasked with the transposition and implementation of such EU legislation and guidelines issued by the European Banking Authority.

The Role:
This is an exciting opportunity for an advocate specialising in legal regulatory matters within the banking and financial services sector. The Policy & Legal Team of the Banking Supervision Unit at the MFSA, is continuously striving to build a team of individuals with a passion for policy, regulation and compliance in order to further enhance the quality of work and to contribute to the success of the team, as a key player in shaping banking policy for Malta. 

The successful candidate will join a multidisciplinary team and will be expected to provide efficient and professional advice on policy and legal-related matters and contribute to the various duties that are undertaken by Banking Supervision, including the following tasks as necessary:
  • Mentor and manage a dedicated team by adopting a proactive approach to the responsibilities of the team, being responsible for the team's professional development, and ensuring that optimal performance is maintained;
  • Prepare and sign-off internal reports submitted to inter alia the MFSA's Executive Committee and/or Regulatory Committee and follow up actions and decisions accordingly;
  • Advise on the changes required to address weaknesses in the legislative framework and oversee and review any legislative amendments required, in the transposition/implementation of EU Directives or as otherwise required;
  • Review and oversee work in the preparation of policy stances, procedures, or advice on regulatory issues and guide the team accordingly;
  • Attend and participate in local and overseas training, meetings, and working groups, particularly those relating to the EBA, ECB, ESRB and BIS, and other European regulatory bodies, and provide input as required;
  • Coordinate the work of the Banking Supervision Function on legacy and current cases and work closely with the MFSA's Central Legal Function to prepare written submissions, testimony, or witnesses;
  • Provide ongoing advice and guidance to the Function as may be required;
  • To liaise with Senior Management as required to achieve the objectives of the function, including contributing to departmental priorities outside own area of responsibility;
  • To deputise for the line manager and provide support to the Deputy Head and Head of Function as may be required;
  • Other ad hoc related duties as may be required by Senior Management of the function from time to time and to report on the outcome of such assignments as may be appropriate and necessary.

About You:
The required candidate should have a University of Malta Degree in Law (LL.D or Master of Advocacy Level) or a comparable recognised legal qualification 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 postgraduate degree in a discipline relevant to the financial services sector would be considered an asset.

The applicant should also possess a minimum of eight (8) years of working in the area of banking. Candidates with longer working experience relevant to the role will be preferred.

How to apply:
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 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: 77/2022

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
Financial Services

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