Job vacancy: Senior Financial Analyst within Insurance & Pensions Supervision
Job code: IPS/039/2020
*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.
About Insurance & Pensions Supervision:
The Insurance and Pensions Supervision is responsible for the supervision of insurance companies, insurance intermediaries, retirement schemes, retirement funds and retirement service providers. The team employs professionals with a varied background and comprises skills relation to insurance, pensions, accounting, legal, quantitative analysis, actuarial skills, compliance and others.
The Senior Financial Analyst
will undertake analytical duties related to financial and regulatory compliance by insurance licence holders in line with their statutory and reporting obligations emanating from their operating licences and the Insurance legal framework. This work is undertaken as part of the on-going off-site surveillance process and on-site compliance visits undertaken by the MFSA. The eventual appointee will be expected to act as a reference to other staff members, perform review checks of analytical work done, lead on-site visits, contribute to develop and enhance procedures and will be also required to involve himself/herself in 'ad hoc' assignments related to specific regulatory and supervisory issues that arise from time to time and to report on the outcome of such assignments as may be appropriate and necessary.
We are looking for applicants at a senior management level with a solid Accountancy academic background. The role calls for an academic qualification 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 qualification would be considered an asset. The applicant is also to possess a minimum of five (5) years' proven work experience, preferably in the insurance sector and in-depth knowledge of regulatory requirements applicable to the financial sector, particularly in the area of insurance.
Soft Skills Required:
- Ability to multi-task and meet strict deadlines;
- Excellent written and verbal communication skills;
- Possess strong leadership and organisational skills with a proven track record;
- Ability to listen actively and to work on one's initiative as deemed necessary;
- A high degree of self-confidence;
- Sound analytical and negotiation skills;
- Technical knowledge of regulatory matters;
- Conversant with the interpretation of financial statements.
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.