The MFSA is the single regulator responsible for financial services in Malta. The Authority’s remit extends to all areas of financial services activity, including credit institutions, financial & electronic money institutions.



201-500

Website

Facebook

Instagram

About Department
The Internal Audit function within the Malta Financial Services Authority (MFSA) is established through the provisions of Article 12B of the MFSA Act (Cap. 330) which further establishes the structure, objectives and authority of the Internal Audit. The Internal Audit Charter defines in general terms the purpose, scope of work, accountability, responsibility and authority of the Internal Audit function with the MFSA. It establishes the position of the Internal Audit function within the MFSA, authorises access to records, personnel and physical properties relevant to the performance of an audit engagement and defines the type and scope of the internal audit activities. &nbsp;
About Role&nbsp;
The role is for a definite period up until December 2024. The responsibilities of the eventual appointee shall include the following:
<ul>
<li>Participate fully and assist the Head and Deputy Head of Internal Audit in the timely execution of the annual audit plan and any &ldquo;ad hoc&rdquo; assignments within the Internal Audit function.</li>
<li>Lead audit engagements as directed by the Head and Deputy Head of Internal Audit, which include planning executing, directing, and completing timely audits.</li>
<li>Exhibit the highest level of professional objectivity in gathering, evaluating and communicating information about the activity or process being examined.</li>
<li>Perform internal audit services in accordance with the International Standards for the Professional Practice of Internal Auditing.</li>
<li>Conduct risk assessment of assigned function or unit within established/required timeline.</li>
<li>Communicate findings to senior management; prepare and present reports that reflect audit findings.</li>
<li>Monitor and assess the implementation status of agreed audit recommendations and report thereon to the Head and Deputy Head of Internal Audit.</li>
<li>Provide appropriate independent advice regarding governance, risk management and internal control processes for the better functioning of the&nbsp;</li>
<li>&bull; Undertake and/or assist in internal or external investigations of identified or alleged fraudulent activities, theft and corrupt practices with the MFSA in accordance with the Anti-Fraud Policy of the MFSA.</li>
<li>&bull; Maintain open communication within the Internal Audit function, with the statutory external auditors of the MFSA and to provide the assistance and reliance required for the fulfilment of the statutory audit of the MFSA.</li>
<li>Decide and act on his/her own initiative in line with delegated authority and escalate issues outside his/her remit and area of responsibility with the Head and Deputy Head of Internal Audit.</li>
<li>Exercise the highest professional care in carrying out audit engagements and shall, as a minimum, observe the Code of Ethics of the Institute of Internal Auditors.</li>
<li>Carrying out other tasks as may be delegated by the Head of Internal Audit.</li>
<li>Engage to continuous knowledge development regarding audit rules, best practices and techniques.</li>
<li>Participate fully and actively in the workings of the Euro system Internal Auditors Committee in its Single Supervisory Mechanism format and in any seminars or working groups established thereafter, including undertaking audit engagements on behalf of the Internal Auditors Committee.</li>
</ul>
About You&nbsp;
We are looking for candidates with solid academic background in Accounting/Auditing/Finance/Management or a related qualification.
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 five (5) years working experience in a related area. Candidates with longer working experience relevant to the role will be preferred. &nbsp;

Malta Financial Services Authority


About Department

The Internal Audit function within the Malta Financial Services Authority (MFSA) is established through the provisions of Article 12B of the MFSA Act (Cap. 330) which further establishes the structure, objectives and authority of the Internal Audit. The Internal Audit Charter defines in general terms the purpose, scope of work, accountability, responsibility and authority of the Internal Audit function with the MFSA. It establishes the position of the Internal Audit function within the MFSA, authorises access to records, personnel and physical properties relevant to the performance of an audit engagement and defines the type and scope of the internal audit activities.



About Role


The role is for a definite period up until December 2024. The responsibilities of the eventual appointee shall include the following:


 - Participate fully and assist the Head and Deputy Head of Internal Audit in the timely execution of the annual audit plan and any “ad hoc” assignments within the Internal Audit function.

 - Lead audit engagements as directed by the Head and Deputy Head of Internal Audit, which include planning executing, directing, and completing timely audits.

 - Exhibit the highest level of professional objectivity in gathering, evaluating and communicating information about the activity or process being examined.

 - Perform internal audit services in accordance with the International Standards for the Professional Practice of Internal Auditing.

 - Conduct risk assessment of assigned function or unit within established/required timeline.

 - Communicate findings to senior management; prepare and present reports that reflect audit findings.

 - Monitor and assess the implementation status of agreed audit recommendations and report thereon to the Head and Deputy Head of Internal Audit.

 - Provide appropriate independent advice regarding governance, risk management and internal control processes for the better functioning of the


 - • Undertake and/or assist in internal or external investigations of identified or alleged fraudulent activities, theft and corrupt practices with the MFSA in accordance with the Anti-Fraud Policy of the MFSA.

 - • Maintain open communication within the Internal Audit function, with the statutory external auditors of the MFSA and to provide the assistance and reliance required for the fulfilment of the statutory audit of the MFSA.

 - Decide and act on his/her own initiative in line with delegated authority and escalate issues outside his/her remit and area of responsibility with the Head and Deputy Head of Internal Audit.

 - Exercise the highest professional care in carrying out audit engagements and shall, as a minimum, observe the Code of Ethics of the Institute of Internal Auditors.

 - Carrying out other tasks as may be delegated by the Head of Internal Audit.

 - Engage to continuous knowledge development regarding audit rules, best practices and techniques.

 - Participate fully and actively in the workings of the Euro system Internal Auditors Committee in its Single Supervisory Mechanism format and in any seminars or working groups established thereafter, including undertaking audit engagements on behalf of the Internal Auditors Committee.


About You


We are looking for candidates with solid academic background in Accounting/Auditing/Finance/Management or a related qualification.

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 five (5) years working experience in a related area. Candidates with longer working experience relevant to the role will be preferred.



Active

Senior Internal Auditor

Resolution is responsible for drafting resolution plans for banks and certain investment services firms, advise the Resolution Committee on whether an institution should go into liquidation or resolution and the application of resolution tools when necessary. Resolution interacts on an on-going basis with European institutions and local Authorities.
In order to retain its operational independence from the supervisory function, the MFSA Act contemplates the creation of a Resolution Committee and its underlying structures. The Resolution Committee has all the powers assigned to it by the Resolution Authority under the above-mentioned Act. The Resolution functions are carried out as contemplated by the Act and as provided for by the Resolution Committee. Furthermore, Resolution also administers the requirements emanating from the Bank Recovery and Resolution Directive (BRRD), Single Resolution Mechanism Regulation (SRMR), the Recovery and Resolution Regulations (RRR) and the Intergovernmental Agreement (IGA) on the transfer and mutualisation of contributions to the Single Resolution Fund.
Moreover, Resolution interacts continually with European institutions and local authorities to draft resolution plans for banks and certain investment firms. They also advise the Resolution Committee on whether an institution should go into liquidation or resolution, applying resolution tools as necessary. Furthermore, they manage the process related to Resolution Funds and draft necessary Policies and Legislation supporting the resolution process.
Resolution is composed of two main teams which are inter-related, Policy &amp; Legal and Resolution Planning. Policy &amp; Legal is focused on transposition and drafting of relevant legislation and issuance of circulars to apply EBA Guidelines. This team is also responsible for the analysis of policy documents, drafting of policies and procedures to operationalise resolution functions set in legislation, and for processes related to contributions towards Resolution Funds. Resolution Planning involves preparing resolution plans, based on requirements emanating from relevant legislation and policies, for credit institutions and certain investment firms licensed in Malta, in cooperation with the Single Resolution Board (SRB). &nbsp;Both teams are also involved in meetings and task forces at international and local level.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;
About The Role
The successful candidate will join a multidisciplinary team and will be expected to provide professional legal and policy input and join fully in the various duties that are undertaken by Resolution including the following tasks as necessary:
<ul>
<li>Cooperate with Senior colleagues responsible for the policy and legal area in providing legal advice to the Resolution Committee and underlying structures. The appointee will cooperate with the other authorities to ensure the legal quality and consistency of the BRRD as transposed;</li>
<li>Assist in the transposition of any EU Directive relevant to Resolution and to implement any changes brought about by EU legislation into national law through the drafting of regulations, legislation and by amending existing legislation as necessary;</li>
<li>Contribute to the process of Normal Insolvency Proceedings of credit institutions:</li>
<li>Contribute to frameworks and policies related to resolution of entities other than credit institutions;</li>
<li>Liaise with both local and foreign authorities in providing input relating to draft technical standards and guidelines and recommendations, and their implementation;</li>
<li>Drafting of memoranda of understanding, circulars and Resolution-related letters;</li>
<li>Monitoring EU legislation in resolution related areas, participate in meetings and provide input when necessary;</li>
<li>Representing the Resolution Committee during legal proceedings at any court or tribunal as well as drawing up of legal documents as may be necessary from time to time;</li>
<li>Representing the Resolution Committee in meetings that are held locally and/or overseas and assist with the analysis and preparation of comments on documents discussed in various Working Groups and Task Forces as required;</li>
<li>Participation and co-ordination of meetings of the Resolution Committee;</li>
<li>Provide legal input to documents and reports prepared by Resolution;</li>
<li>Participate in on-site compliance visits;</li>
<li>Provide input to policy related documents and discussions as well as assisting in the drafting of policies;</li>
<li>Undertake ad-hoc assignments related to resolution aspects, that may arise from time to time and to report on the outcome of such assignments as may be appropriate and necessary.</li>
</ul>
About You
We are looking for candidates with solid academic background in Law.
The role requires a University of Malta Degree in Law (LL.D or Master of Advocacy level) or a comparable recognised legal qualification at National Qualification Framework Level 6 or better duly certified by the Malta Qualifications Recognition Information Centre (MQRIC), together with possession of a warrant to practice in the Courts of Malta. Possession of a post graduate degree in a discipline relevant to the financial services sector would be considered an asset.
Other 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 on www.ncfhe.org.mt 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 www.mfsa.com.mt.
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&rsquo;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 no:&nbsp;367/2023


Resolution is responsible for drafting resolution plans for banks and certain investment services firms, advise the Resolution Committee on whether an institution should go into liquidation or resolution and the application of resolution tools when necessary. Resolution interacts on an on-going basis with European institutions and local Authorities.

In order to retain its operational independence from the supervisory function, the MFSA Act contemplates the creation of a Resolution Committee and its underlying structures. The Resolution Committee has all the powers assigned to it by the Resolution Authority under the above-mentioned Act. The Resolution functions are carried out as contemplated by the Act and as provided for by the Resolution Committee. Furthermore, Resolution also administers the requirements emanating from the Bank Recovery and Resolution Directive (BRRD), Single Resolution Mechanism Regulation (SRMR), the Recovery and Resolution Regulations (RRR) and the Intergovernmental Agreement (IGA) on the transfer and mutualisation of contributions to the Single Resolution Fund.

Moreover, Resolution interacts continually with European institutions and local authorities to draft resolution plans for banks and certain investment firms. They also advise the Resolution Committee on whether an institution should go into liquidation or resolution, applying resolution tools as necessary. Furthermore, they manage the process related to Resolution Funds and draft necessary Policies and Legislation supporting the resolution process.

Resolution is composed of two main teams which are inter-related, Policy &amp; Legal and Resolution Planning. Policy &amp; Legal is focused on transposition and drafting of relevant legislation and issuance of circulars to apply EBA Guidelines. This team is also responsible for the analysis of policy documents, drafting of policies and procedures to operationalise resolution functions set in legislation, and for processes related to contributions towards Resolution Funds. Resolution Planning involves preparing resolution plans, based on requirements emanating from relevant legislation and policies, for credit institutions and certain investment firms licensed in Malta, in cooperation with the Single Resolution Board (SRB). 
Both teams are also involved in meetings and task forces at international and local level.
 
 
 
 
 

 
 
 
 
 
 



About The Role

The successful candidate will join a multidisciplinary team and will be expected to provide professional legal and policy input and join fully in the various duties that are undertaken by Resolution including the following tasks as necessary:


 - Cooperate with Senior colleagues responsible for the policy and legal area in providing legal advice to the Resolution Committee and underlying structures. The appointee will cooperate with the other authorities to ensure the legal quality and consistency of the BRRD as transposed;

 - Assist in the transposition of any EU Directive relevant to Resolution and to implement any changes brought about by EU legislation into national law through the drafting of regulations, legislation and by amending existing legislation as necessary;

 - Contribute to the process of Normal Insolvency Proceedings of credit institutions:

 - Contribute to frameworks and policies related to resolution of entities other than credit institutions;

 - Liaise with both local and foreign authorities in providing input relating to draft technical standards and guidelines and recommendations, and their implementation;

 - Drafting of memoranda of understanding, circulars and Resolution-related letters;

 - Monitoring EU legislation in resolution related areas, participate in meetings and provide input when necessary;

 - Representing the Resolution Committee during legal proceedings at any court or tribunal as well as drawing up of legal documents as may be necessary from time to time;

 - Representing the Resolution Committee in meetings that are held locally and/or overseas and assist with the analysis and preparation of comments on documents discussed in various Working Groups and Task Forces as required;

 - Participation and co-ordination of meetings of the Resolution Committee;

 - Provide legal input to documents and reports prepared by Resolution;

 - Participate in on-site compliance visits;

 - Provide input to policy related documents and discussions as well as assisting in the drafting of policies;

 - Undertake ad-hoc assignments related to resolution aspects, that may arise from time to time and to report on the outcome of such assignments as may be appropriate and necessary.


About You

We are looking for candidates with solid academic background in Law.

The role requires a University of Malta Degree in Law (LL.D or Master of Advocacy level) or a comparable recognised legal qualification at National Qualification Framework Level 6 or better duly certified by the Malta Qualifications Recognition Information Centre (MQRIC), together with possession of a warrant to practice in the Courts of Malta. Possession of a post graduate degree in a discipline relevant to the financial services sector would be considered an asset.

Other 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 on www.ncfhe.org.mt 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 www.mfsa.com.mt.

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 no:
367/2023

Junior Legal Officer

Banking Supervision carries out on-site and ongoing supervision of licensed banks and non-bank financial institutions. The Banking Supervision team comprises professionals with a financial services academic background, but also legal and IT professionals to support policy and supervisory work. The Financial Institutions team focuses its supervisory oversight over a sub-set of entities licenced in terms of the Financial Institutions Act, predominantly comprising of payment and/or electronic money institutions.
About the Role
Within this role you will undertake coordination of duties of a team of supervisors for Significant Credit Institutions related to banking supervision activities that the MFSA performed jointly with the ECB (JSTs).&nbsp;
As a Senior Manager your key responsibilities will be as follow:
<ul>
<li>Organizing supervisory work of the Joint Supervisory Teams supervising Significant Institutions in coordination with the ECB through the Single Supervisory Mechanism;</li>
<li>Coordinating supervisory strategy and supervisory review and evaluation programme (SREP) in line with the SSM and the MFSA priorities ensuring an objective and consistent supervisory approach for the local Significant Institutions and against other SSM Significant Institutions striving to ensure level playing field;</li>
<li>Implementing horizontal coverage approach for assessment of the key risks of the SIs taking into account specificities of each credit institution;</li>
<li>Managing a team of experienced supervisors providing guidance, leadership and mentoring;</li>
<li>Taking a lead in managing the relationship with the ECB&rsquo;s stakeholders and organizing supervisory work to meet the MFSA obligations as part of the SSM but also to ensure local priorities are appropriately considered;</li>
<li>Working effectively with other departmental colleagues contributing to the development of the supervisory tools and agenda within Banking Supervision Function;</li>
<li>Forming working relationships and coordinating the supervisory agenda with Senior Management of other departments and internal stakeholders involved in the delivery of the MFSA supervisory strategy;</li>
<li>Supporting effective relationships with the Central Bank and Finance Ministry and contributing to conversations with IMF, MoneyVal and other international organisations which assess the quality of banking supervision in Malta;</li>
<li>Representing the MFSA in industry forums and with other external stakeholders;</li>
</ul>
You will also be expected to undertake any other duties that may arise depending on the exigencies of Banking Supervision and the Authority.
About You
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 8 years work experience. Candidates with longer working experience relevant to the role will be preferred.
Possession of a degree in Banking &amp; Finance, Accountancy, Economics, Engineering, Mathematics, Law or a related subject would be considered an asset.
If you do not have the necessary academic or professional qualifications but you have at least 15 years of relevant experience, we would still be interested in speaking with you.
You will have an advantage if you posses:-
<ul>
<li>Proven leadership and managerial skills;</li>
<li>Broad understanding of the SSM structure and European supervisory framework;</li>
<li>Knowledge of the MFSA regulations and law especially those related to the banking sector;</li>
<li>Problem solving and analytical thinking experience with the ability to come up with pragmatic solutions in difficult situations;</li>
<li>Ability to be polite and assertive when dealing with a variety of stakeholders;</li>
<li>Strong verbal and written communication skills with the ability to influence and negotiate with internal and external stakeholders as may be necessary.</li>
</ul>
Proven knowledge and understanding of the following areas will be considered as a distinct advantage:
<ul>
<li>Solid understanding of main banking risks, including experience in assessment of business model/risks, ILAAP, ICAAP and Recovery Plans;</li>
<li>Previous auditing or supervisory experience.</li>
</ul>
Other 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 on&nbsp;www.ncfhe.gov.mt&nbsp;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&nbsp;www.mfsa.mt.
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.
&nbsp;
Jobsplus Permit Number 351/2023


Banking Supervision carries out on-site and ongoing supervision of licensed banks and non-bank financial institutions. The Banking Supervision team comprises professionals with a financial services academic background, but also legal and IT professionals to support policy and supervisory work. The Financial Institutions team focuses its supervisory oversight over a sub-set of entities licenced in terms of the Financial Institutions Act, predominantly comprising of payment and/or electronic money institutions.

About the Role

Within this role you will undertake coordination of duties of a team of supervisors for Significant Credit Institutions related to banking supervision activities that the MFSA performed jointly with the ECB (JSTs).


As a Senior Manager your key responsibilities will be as follow:


 - Organizing supervisory work of the Joint Supervisory Teams supervising Significant Institutions in coordination with the ECB through the Single Supervisory Mechanism;

 - Coordinating supervisory strategy and supervisory review and evaluation programme (SREP) in line with the SSM and the MFSA priorities ensuring an objective and consistent supervisory approach for the local Significant Institutions and against other SSM Significant Institutions striving to ensure level playing field;

 - Implementing horizontal coverage approach for assessment of the key risks of the SIs taking into account specificities of each credit institution;

 - Managing a team of experienced supervisors providing guidance, leadership and mentoring;

 - Taking a lead in managing the relationship with the ECB’s stakeholders and organizing supervisory work to meet the MFSA obligations as part of the SSM but also to ensure local priorities are appropriately considered;

 - Working effectively with other departmental colleagues contributing to the development of the supervisory tools and agenda within Banking Supervision Function;

 - Forming working relationships and coordinating the supervisory agenda with Senior Management of other departments and internal stakeholders involved in the delivery of the MFSA supervisory strategy;

 - Supporting effective relationships with the Central Bank and Finance Ministry and contributing to conversations with IMF, MoneyVal and other international organisations which assess the quality of banking supervision in Malta;

 - Representing the MFSA in industry forums and with other external stakeholders;


You will also be expected to undertake any other duties that may arise depending on the exigencies of Banking Supervision and the Authority.

About You

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 8 years work experience. Candidates with longer working experience relevant to the role will be preferred.

Possession of a degree in Banking &amp; Finance, Accountancy, Economics, Engineering, Mathematics, Law or a related subject would be considered an asset.

If you do not have the necessary academic or professional qualifications but you have at least 15 years of relevant experience, we would still be interested in speaking with you.

You will have an advantage if you posses:-


 - Proven leadership and managerial skills;

 - Broad understanding of the SSM structure and European supervisory framework;

 - Knowledge of the MFSA regulations and law especially those related to the banking sector;

 - Problem solving and analytical thinking experience with the ability to come up with pragmatic solutions in difficult situations;

 - Ability to be polite and assertive when dealing with a variety of stakeholders;

 - Strong verbal and written communication skills with the ability to influence and negotiate with internal and external stakeholders as may be necessary.


Proven knowledge and understanding of the following areas will be considered as a distinct advantage:


 - Solid understanding of main banking risks, including experience in assessment of business model/risks, ILAAP, ICAAP and Recovery Plans;

 - Previous auditing or supervisory experience.


Other 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 on
www.ncfhe.gov.mt
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
www.mfsa.mt.

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 Permit Number 351/2023

Senior Manager (Significant Institutions)

Resolution is responsible for drafting resolution plans for banks and certain investment services firms, advise the Resolution Committee on whether an institution should go into liquidation or resolution and the application of resolution tools when necessary. Resolution interacts on an on-going basis with European institutions and local Authorities.
In order to retain its operational independence from the supervisory function, the MFSA Act contemplates the creation of a Resolution Committee and its underlying structures. The Resolution Committee has all the powers assigned to it by the Resolution Authority under the above-mentioned Act. The Resolution functions are carried out as contemplated by the Act and as provided for by the Resolution Committee. Furthermore, Resolution also administers the requirements emanating from the Bank Recovery and Resolution Directive (BRRD), Single Resolution Mechanism Regulation (SRMR), the Recovery and Resolution Regulations (RRR) and the Intergovernmental Agreement (IGA) on the transfer and mutualisation of contributions to the Single Resolution Fund.
Moreover, Resolution interacts continually with European institutions and local authorities to draft resolution plans for banks and certain investment firms. They also advise the Resolution Committee on whether an institution should go into liquidation or resolution, applying resolution tools as necessary. Furthermore, they manage the process related to Resolution Funds and draft necessary Policies and Legislation supporting the resolution process.
Resolution is composed of two main teams which are inter-related, Policy &amp; Legal and Resolution Planning. Policy &amp; Legal is focused on transposition and drafting of relevant legislation and issuance of circulars to apply EBA Guidelines. This team is also responsible for the analysis of policy documents, drafting of policies and procedures to operationalise resolution functions set in legislation, and for processes related to contributions towards Resolution Funds. Resolution Planning involves preparing resolution plans, based on requirements emanating from relevant legislation and policies, for credit institutions and certain investment firms licensed in Malta, in cooperation with the Single Resolution Board (SRB). &nbsp;Both teams are also involved in meetings and task forces at international and local level.
About Role
This role is for a definite term.&nbsp;
The successful candidate will join a multidisciplinary team and will be expected to join in the various duties that are undertaken by Resolution including the following tasks as necessary:&nbsp;
<ul>
<li>Handling the general administrative office duties, which mainly include secretarial and other support duties depending on the day-to-day exigencies of Resolution as may be required;</li>
<li>Drafting of documents and correspondence;</li>
<li>Preparing invoices and all requirements necessary for the purposes of completing the SRF and NRF contribution process;</li>
<li>Filing and record keeping of databases;</li>
<li>Assisting and supporting Analysts in conducting public interest assessments and drafting of resolution plans;</li>
<li>Conducting quality assurance checks with respect to resolution reporting and Single Resolution Fund (SRF) and National Resolution Fund (NRF) contributions, including the transmission of such data to EBA and/or SRB;</li>
<li>Undertake ad-hoc assignments related to resolution and insolvency aspects that may arise from time to time and to report on the outcome of such assignments as may be appropriate and necessary.</li>
</ul>
About You
Candidates should ideally be reading for a Degree in Bachelor of Commerce in Accountancy and Banking and Finance, or Law or a comparable recognised legal qualification at National Qualification Framework Level 6 or better duly certified by the Malta Qualifications Recognition Information Centre (MQRIC).
The selected candidate will:&nbsp;
<ul>
<li>Have an excellent command of English and Maltese, good writing skills and an eye for detail;</li>
<li>Be able to organise, multi-task, meet strict deadlines and prioritise tasks in accordance with the requirements of the function;</li>
<li>Possess good communication and presentation skills;</li>
<li>Be able to work within a team as well as a multi-disciplinary office;</li>
</ul>
Previous experience working in the financial services sector will be considered an asset.
Other Info
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 on&nbsp;www.ncfhe.gov.mt&nbsp;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&nbsp;www.mfsa.mt.
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.
Job Permit No: 368/2023


Resolution is responsible for drafting resolution plans for banks and certain investment services firms, advise the Resolution Committee on whether an institution should go into liquidation or resolution and the application of resolution tools when necessary. Resolution interacts on an on-going basis with European institutions and local Authorities.

In order to retain its operational independence from the supervisory function, the MFSA Act contemplates the creation of a Resolution Committee and its underlying structures. The Resolution Committee has all the powers assigned to it by the Resolution Authority under the above-mentioned Act. The Resolution functions are carried out as contemplated by the Act and as provided for by the Resolution Committee. Furthermore, Resolution also administers the requirements emanating from the Bank Recovery and Resolution Directive (BRRD), Single Resolution Mechanism Regulation (SRMR), the Recovery and Resolution Regulations (RRR) and the Intergovernmental Agreement (IGA) on the transfer and mutualisation of contributions to the Single Resolution Fund.

Moreover, Resolution interacts continually with European institutions and local authorities to draft resolution plans for banks and certain investment firms. They also advise the Resolution Committee on whether an institution should go into liquidation or resolution, applying resolution tools as necessary. Furthermore, they manage the process related to Resolution Funds and draft necessary Policies and Legislation supporting the resolution process.

Resolution is composed of two main teams which are inter-related, Policy &amp; Legal and Resolution Planning. Policy &amp; Legal is focused on transposition and drafting of relevant legislation and issuance of circulars to apply EBA Guidelines. This team is also responsible for the analysis of policy documents, drafting of policies and procedures to operationalise resolution functions set in legislation, and for processes related to contributions towards Resolution Funds. Resolution Planning involves preparing resolution plans, based on requirements emanating from relevant legislation and policies, for credit institutions and certain investment firms licensed in Malta, in cooperation with the Single Resolution Board (SRB). 
Both teams are also involved in meetings and task forces at international and local level.

About Role

This role is for a definite term.


The successful candidate will join a multidisciplinary team and will be expected to join in the various duties that are undertaken by Resolution including the following tasks as necessary:



 - Handling the general administrative office duties, which mainly include secretarial and other support duties depending on the day-to-day exigencies of Resolution as may be required;

 - Drafting of documents and correspondence;

 - Preparing invoices and all requirements necessary for the purposes of completing the SRF and NRF contribution process;

 - Filing and record keeping of databases;

 - Assisting and supporting Analysts in conducting public interest assessments and drafting of resolution plans;

 - Conducting quality assurance checks with respect to resolution reporting and Single Resolution Fund (SRF) and National Resolution Fund (NRF) contributions, including the transmission of such data to EBA and/or SRB;

 - Undertake ad-hoc assignments related to resolution and insolvency aspects that may arise from time to time and to report on the outcome of such assignments as may be appropriate and necessary.


About You

Candidates should ideally be reading for a Degree in Bachelor of Commerce in Accountancy and Banking and Finance, or Law or a comparable recognised legal qualification at National Qualification Framework Level 6 or better duly certified by the Malta Qualifications Recognition Information Centre (MQRIC).

The selected candidate will:



 - Have an excellent command of English and Maltese, good writing skills and an eye for detail;

 - Be able to organise, multi-task, meet strict deadlines and prioritise tasks in accordance with the requirements of the function;

 - Possess good communication and presentation skills;

 - Be able to work within a team as well as a multi-disciplinary office;


Previous experience working in the financial services sector will be considered an asset.

Other Info

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 on
www.ncfhe.gov.mt
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
www.mfsa.mt.

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.

Job Permit No: 368/2023