Assistant Manager (Policy)

About the Function

Conduct Supervision is responsible for the setting up and implementation of the regulatory framework aiming to secure appropriate consumer protection in operations of licence holders in the financial services industry in order to ensure that clients of financial services are treated fairly, honestly, and professionally by regulated entities. The team also enacts a pre-emptive supervisory regime which addresses potential or emerging risks for financial services consumers, together with an operational regime to strengthen the responsibilities of regulated persons in treating customers fairly.

Conduct Supervision is a cross-sectorial function covering under its remit supervision in conduct of banking, insurance and pensions, investments, and funds.

About the Role

Reporting to the Senior Manager within Conduct Supervision, you will be expected to carry out the following tasks:

• Assist in drafting and issuing any necessary conduct of business legislation and rules applicable to entities falling within the remit of Conduct Supervision and any amendments thereto as may be necessary for, inter alia, the purposes of transposition and implementation of cross-sectoral EU law relevant in the context of Conduct Supervision Function’s mandate;
• Assist in coordinating, preparing and drafting legal positions and feedback (in liaison with other MFSA Functions) and participating in any internal working groups with respect to the transposition and implementation of cross-sectoral EU Directives/Regulations which are relevant in the context of Conduct Supervision Function’s mandate;
• Assist in handling of cross-sectoral industry queries and issues relating to the interpretation and implementation of the Conduct of Business Rulebook;
• Drafting and Presenting of Memoranda to the MFSA Executive Committee (ExCo), and/or Regulatory Committee (RegCo), and coordinating the legal research and analyses of relevant financial services law, as necessary from a Conduct Supervision perspective;
• Preparing and providing feedback to Ministry of Finance on proposed EU Directives/Regulations relevant in the context of Conduct Supervision Function’s mandate;
• Provide guidance and assist in any tasks for the purposes of acting as a technical point of reference to the various cross-sectorial teams within Conduct Supervision Function with respect to adherence to applicable rules and regulations in Malta. You will be expected to assist with providing efficient and professional guidance on policy, regulatory, and other legal matters and contribute to the various duties that are undertaken by Conduct Supervision;
• Represent the MFSA (both locally and abroad) in engagement with internal and external stakeholders, including representation on any Standing Committees/Working Groups relating to investor protection of the European Supervisory Authorities (ESAs), as requested, and contribute to the preparation of replies with regards to EU/ESAs conduct-related questionnaires/surveys, as necessary;
• Cultivating a positive, learning, knowledge-sharing, and collaborative working environment within the Policy/ Legal Team, promoting diversity and inclusion, and aiming at a high degree of employee engagement;
• Producing management reporting, if and when required;
• Assist senior management in managing the Policy / Legal Team and act as a point of reference to other staff members within the Policy / Legal Team;
• Contributing to working relationships and assisting senior management in coordinating the plans of the Policy / Legal Team;
• Undertake any other tasks as delegated by senior management in line with the exigencies of the Conduct Supervision and the Authority.

About You

We are looking for candidates with solid academic background which may be considered as relevant to this 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 six (6) years working experience in the area of financial services, preferably investment services.

If you do not have the necessary academic or professional qualifications but you have at least eleven (11) years within a compliance, investigative / analytical environment, or financial services environment or legal environment we would still be interested in speaking with you.