Job vacancy: Chief Operations Officer within Executive Committee
Job code: EXC/023/19
About Executive Committee:
The Executive Committee is the key decision-making body of the Authority, being responsible for the implementation of the strategy and policies of the MFSA. Approvals related to regulation as well as those required for the issuing of licences and other authorisations also fall under the responsibility of this Committee. It is also entrusted with the monitoring and supervision of persons and other entities licenced or authorised by the Authority in the financial services sector, as well as the enforcement of the regulatory framework. The Executive Committee is also responsible for the overall performance of the Authority including its financial affairs, people and culture, and ancillary services, as well as the general coordination and management of the Authority’s administrative and operational affairs.
The Chief Operating Officer (COO) is responsible for planning, organising, and coordinating the day-to-day operational and financial activities of the Authority. The COO will report and work closely with the CEO and the rest of the senior leadership team to ensure a harmonised management approach for the Authority. The COO is a member of the Executive Committee which is chaired by the Chief Executive Officer of the Authority.
The COO directs, administers, and coordinates the internal operational and corporate activities of the Authority in accordance with policies, goals, and objectives established by the Executive Committee. The COO will be called to lead and direct the following functions: Finance, People and Culture, Technology, Data Management, Business Intelligence, Administration, Facilities Management and Communications. The COO will also be called to develop organisational policies and procedures covering all areas of the MFSA’s activities ensuring that the Authority operates efficiently and effectively, supporting the other areas of the Authority.
The COO will be called to:
- Direct and coordinate internal operations to achieve pre-set goals and financial targets,
- Develop and maintain a sound organisational plan and establish policies to insure adequate management development and proper succession planning,
- Leverage and bring together operational and technical expertise to drive efficiency and efficacy within the Authority,
- Develop and establish operating policies and procedures to ensure strong governance and operational infrastructure. Appraise and evaluate the results of overall operations regularly and systematically and report these results to the Executive Committee,
- Co-ordinates the development and preparation of the Authority’s strategic, financial and business plans every year, ensuring the long term sustainability of the Authority,
- Directs the development and implementation of procedures, protocols and controls, to promote communication and adequate information flow,
- Ensure that all activities and operations are performed in compliance with local legislation governing the Authority’s activities,
- Provide adequate corporate support to all the functions of the Authority,
- Oversee the general administration and procurement requirements of the Authority and establish strong working relationships with key stakeholders,
- Oversee the People & Culture function including the recruitment and compensation procedures, professional training and development and retention strategies,
- Oversee the day to day management of the Authority including the functional areas falling within the COO’s responsibilities.
The COO will also be called to assume responsibility for any additional tasks and/or objectives as identified by the Chief Executive Officer and/or the Executive Committee.
Other Important Information:
- We are looking for candidates with strong management skills, effective communications with a proven track record of results; having assumed responsibility for core operational activities, including finance, human resources, general management and/or communications;
- The role calls for an academic qualification in a relevant field of study (e.g. accountancy, management, finance degree) 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. Possession of a Post Graduate Degree in Management/Accountancy/Financial discipline will be considered an asset;
- You will also possess a minimum of ten (10) years’ experience in a senior executive role within a complex organisation. You should possess strong organisational skills, and leadership qualities to drive and implement the Authority’s vision, in line with Executive Committee/CEO’s direction.
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.
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.