Job vacancy: Senior Manager within Enforcement
Job code: EU/024/2020
The Enforcement function within the Enforcement Directorate 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. The Enforcement function furthermore investigates the actions of persons carrying on financial services activities without having the necessary licence or authorisation. Additionally, the Enforcement function investigates suspicious or dubious schemes and takes the appropriate action in such cases, including reporting the suspicion of criminal activities to the police.
The eventual appointee will work closely with the Head and Deputy Head and will lead and coordinate a team of analysts. The Senior Manager (Enforcement) will have a senior role in the review of actions and where necessary the conduct of investigations of entities or persons who have or are suspected of undertaking financial services activity without a licence in breach of applicable laws, regulations, rules or other regulatory requirements. The Senior Manager (Enforcement) will also be responsible for the investigation of persons carrying out financial services activities without having the necessary licence, authorisation or regulation:
The Duties and Responsibilities of the Senior Manager (Enforcement) shall include:
- Oversight, coordination and leadership of investigative and enforcement teams;
- Senior role in investigative and enforcement work;
- Coordination with supervisory functions and other sectors within the MFSA;
- Discussing investigative strategy with the Head or Deputy Head;
- Collection and analysis of information, documentation and evidence;
- Holding meetings with licence holders and unauthorised persons under investigation;
- Leading on-site investigation visits and surprise inspections;
- Analysing and assessing findings of investigations;
- Identifying breaches or wrongdoing;
- Preparing and/or reviewing investigation reports;
- Preparation and/or review of memoranda for submission to the Decision body of the MFSA;
- Following up on decisions of the Decision body of the MFSA;
- Investigation of unauthorised business, dubious and/or fraudulent activities;
- Preparation and/or review of notices and warnings to the public;
- Preparation and/or review of reports to the police;
- Other duties and tasks as may be assigned by the Head or Deputy Head.
How to apply or query further information:
- We are looking for candidates with a solid academic background in financial services, accountancy and/or law or in any related background in relation to the functions related to the post;
- 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;
- You will also possess a minimum of eight (8) years working in the area of financial services. 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 within a compliance or an investigative and/or analytical environment, we would still be interested in speaking with you.
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 an interview. Details can be obtained by accessing the National Commission for Further and Higher Education website ncfhe.gov.mt
on 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.
*Jobsplus Reference no: 358/2020
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.