Job vacancy: Senior Analyst (Unauthorised Business) within Enforcement
Job code: EU/018/19
Enforcement is responsible for reviewing the actions and where necessary conducting investigations of licence holders who have or are suspected of having committed serious compliance failures, serious misconduct or any other serious breaches of the law. This function has a cross-sectorial enforcement role and covers all areas falling under the MFSA’s supervisory function. Enforcement furthermore investigates the actions of persons carrying on financial services activities without having the necessary license or authorisation. Enforcement investigates also suspicious or dubious schemes and takes the appropriate action in such cases, including reporting suspicion of criminal activities to the police.
The eventual appointee will work closely with and support senior management within Enforcement. The duties of the Senior Analyst shall primarily be the investigation of persons carrying on financial services activities without having the necessary licence or authorization. The Senior Analyst will also be responsible for the review of actions and where necessary the conduct of investigations of financial services licence holders or other authorized persons and /or their officials who have or are suspected of having committed serious compliance failures, serious misconduct or any other serious breaches of applicable laws, regulations, rules or other regulatory requirements.
The duties and responsibilities of the Senior Analyst (Enforcement) shall include:
- Investigation of unauthorised business and related enforcement action;
- Investigation of licence holders and related enforcement action;
- Coordination and cooperation with supervisory units;
- Discussing investigative strategy with senior management;
- Collection of information, documentation and evidence;
- Attending meetings with licence holders and unauthorised persons under investigation;
- Conducting on-site investigation visits and surprise inspections;
- Analysing, assessing and discussing findings of investigations;
- Identifying breaches or wrongdoing;
- Preparing investigation reports, memos and correspondence;
- Consideration of representations received and discussing with senior management;
- Preparation of memos for submission to the Supervisory Council;
- Following up on decisions of the Supervisory Council;
- Attending court sittings as necessary;
- Investigation of dubious and/or fraudulent activities or schemes;
- Investigation of financial crime and referral to the police;
- Internet searches and investigations;
- Preparation of notices and warnings to the public;
- Preparation of reports to the police and attending meetings with the police;
- Other duties and tasks as may be assigned by senior management.
- To qualify for this job you’ll need to have an academic qualification in financial services or in law or in another related background at National Qualification Framework Level 6 or better, in a relevant area. If your qualifications are not Maltese, please make sure that they are certified by the Malta Qualifications Recognition Information Centre (MQRIC) or a widely recognised professional qualification at a comparable level. Sound knowledge of financial services legislation and familiarity with the financial services regulatory framework and a relevant Post-Graduate Degree would be considered as an advantage.
- You will also need to have at least five(5) years' experience in the area of financial services ideally with experience in AML/CFT compliance environment or in law. Candidates with longer working experience relevant to the role will be preferred.
- Ability to multi-task and work on own initiative;
- Work in a team;
- Excellent verbal and written communication skills;
- The ability to cope with a large volume of off-site work, prioritise and deliver under pressure;
- Sound analytical and judgmental skills.
If you do not have the necessary academic or professional qualifications but have at least ten (10) years of relevant experience, 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.
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.