Job vacancy: Deputy Head (Securities) within Authorisation
Job code: AU/038/2020
*During these challenging times, MFSA is doing all it can to keep employees & the general public safe. We are conducting online interviews & induction sessions for new employees and working remotely as much as possible. For those employees that need to be in the office, we are ensuring that every precaution is being taken.
The Authorisation Unit (AU) is responsible for the processing of applications of entities proposing to carry out activities in the areas of banking, securities, insurance and pensions, trusts and company service providers. These activities are regulated and supervised by the MFSA in its role as a single regulator of financial services in Malta. AU is a multidisciplinary team consisting of professionals from different academic backgrounds.
The selected candidate will be expected to:
- Lead, coach and manage a team of analysts ensuring that they have the right balance of technical skills and industry awareness;
- Own the Securities and Markets authorisation plan and ensure brisk turnaround of application processing avoiding delays and industry complaints;
- Represent MFSA in meetings with prospective licence holders and ensure that regulatory requirements are clearly understood by such licence holders and more importantly, feature in their business models/plans;
- Undertake second reviews of applications for investment services licence and ensure that such application conform with MFSA laws and regulations and they are within the Authority`s risk appetite;
- Undertake recruitment and train, coach and mentor team members in order to ensure that good quality service and high standards in licence application processing are maintained;
- Undertake an ongoing review of processes and procedures and implement changes to improve efficiency and time to market for prospective applicants;
- Undertake any other work as delegated by Line Manager.
To succeed within this role it is essential that you have:
- We are looking for candidates with a solid academic background in Financial Services, Banking & Finance, Law, or in 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 recognised professional qualification at a comparable level;
- You will also have a minimum of 6 years working in a similar senior 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 10 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.
How to apply or query further information:
- Proven leadership, managerial and people motivator skills;
- Excellent knowledge of MFSA regulations and law, notably how they apply to asset managers, investment management companies and other securities services companies, ideally supported by industry experience;
- 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 circumstances so warrant;
- Strong verbal and written communication skills with the ability to influence and negotiate with internal and external stakeholders as may be necessary.
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 comparability of qualifications issued by the Malta Qualifications Recognition Information Centre (MQRIC). Applicants should do so preferably at 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: 242/2020
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.