Senior Manager (Onsite)

Job Description
Job Vacancy: Senior Manager (Onsite) within Banking Supervision Unit  in Grade 5
Job Code: BS/013/2022

About Banking Supervision:
The Banking Supervision function within the MFSA is entrusted with the onsite and ongoing surveillance of licensed banks and non-bank financial institutions (FIs) following the issue of their license from the Authorisation function. Banking Supervision also oversees Significant Credit Institutions (SIs) together with the European Central Bank through the Single Supervisory Mechanism (SSM). The team is mainly made up of individuals with a strong banking background, but also many with a legal, accounting, and economics background to support policy and supervisory work.

The Role:
Within this role, you will undertake analytical duties related to on-site inspections conducted by Banking Supervision. As a Senior Manager, you will be reporting to the Deputy Head for the On-site team as well as the Head of the Banking Supervision Function. Key duties you will be responsible for are as follows: 

• Managing a team of experienced on-site supervisors providing guidance and leadership as well as mentorship to more junior members of the team;
• Leading on-site supervisory work within the BSU including in coordination with the ECB through the Single Supervisory Mechanism;
• Plan and manage visits, support team members before, during, and post the onsite review and coordinate the work done by the whole team in order to draw up the onsite inspection reports following the end of inspections;
• Lead interviews with bank officials during the course of onsite inspections or in anticipation and as a follow-up to such onsite inspections;
• Taking a proactive approach in managing the relationship with the BSU ongoing supervision team to form an on-site strategy against the MFSA and ECB priorities, ensuring consistent supervisory approach and implementation of the SSM methodologies;
• Implementing a horizontal coverage approach as part of the on-site work for assessment of the key risks of the LSIs taking into account the specificities of each institution;
• Working effectively with other units within the MFSA, including FCC, Conduct, and ICT contributing to the development of the supervisory tools and agenda within the MFSA;
• Represent the Authority and contribute towards regulatory committees and working groups operating within the SSM, EBA, or similar overseas regulatory bodies and also within the local financial services sector;
• Supporting effective relationships with the Central Bank and Finance Ministry and contributing to conversations with IMF, MoneyVal, and other international organisations which assess the quality of banking supervision in Malta.

About You:
We are looking for candidates with solid academic backgrounds in a related field. 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 recognised professional qualification at a comparable level. A relevant post-graduate degree will be considered an asset. You will also have a minimum of eight (8) years of working experience relevant to the role. 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 fifteen (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 banking sector, with a proven level of managerial skills and the personality required to supervise and manage staff, as well as a proven ability to delegate tasks.

To succeed within this role it is essential that you have:

• Proven leadership and managerial skills;
• Understanding of the SSM structure and European supervisory framework;
• Knowledge of MFSA regulations and laws especially those related to the banking sector;
• Problem-solving and analytical thinking experience with the ability to come up with pragmatic solutions in difficult situations;
• Ability to be strong and assertive with licence holders when required;
• Strong verbal and written communication skills with the ability to influence and negotiate with internal and external stakeholders as may be necessary.
• Proven knowledge and understanding of the following areas will be considered a distinct advantage:
• Solid understanding of main banking risks, including experience in assessment of business model/risks, ILAAP, ICAAP, and Recovery Plans;
• Previous auditing or supervisory experience.

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: 353/2022

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.